Micron Technology, Inc. $MU Stake Lessened by Glenview Trust Co

Glenview Trust Co lessened its holdings in Micron Technology, Inc. (NASDAQ:MU) by 33.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,152 shares of the semiconductor manufacturer’s stock after selling 588 shares during the quarter. Glenview Trust Co’s holdings in Micron Technology were worth $389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MU. Vanguard Group Inc. lifted its stake in Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares in the last quarter. State Street Corp grew its stake in Micron Technology by 2.1% during the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after acquiring an additional 1,090,644 shares in the last quarter. Norges Bank purchased a new position in Micron Technology during the 4th quarter valued at about $6,433,456,000. Morgan Stanley increased its holdings in shares of Micron Technology by 5.1% in the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after purchasing an additional 794,289 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Micron Technology by 1.9% in the 4th quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer’s stock valued at $3,040,858,000 after purchasing an additional 194,550 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

MU has been the subject of several research reports. UBS Group raised their price target on shares of Micron Technology from $535.00 to $1,625.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Raymond James Financial upped their price objective on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Susquehanna increased their target price on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Thursday, June 25th. Bank of America lifted their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Micron Technology has an average rating of “Buy” and a consensus target price of $1,268.93.

Micron Technology Trading Down 1.2%

Shares of NASDAQ:MU opened at $959.48 on Thursday. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.08 trillion, a PE ratio of 21.72 and a beta of 2.14. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,255.00. The firm has a fifty day moving average price of $958.06 and a 200 day moving average price of $615.70.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same period last year, the company earned $1.91 earnings per share. The business’s revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is currently 1.36%.

Insider Buying and Selling

In related news, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the sale, the executive vice president owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 163,300 shares of company stock valued at $152,667,204 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Micron Technology News Summary

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Bank of America reiterated a bullish view on Micron after the Kimi K3 launch, arguing that low-cost AI models can actually increase memory-chip demand rather than reduce it. Bank of America Reaffirms Bullish Micron Stock Call After Kimi K3 Launch
• Positive Sentiment: Multiple reports said Micron jumped after BofA’s note and a broader chip rebound, with analysts also raising price targets as the AI memory upcycle gains traction. Micron jumps 12% on BofA note, chip rally
• Positive Sentiment: Memory prices are reportedly still skyrocketing, with Morgan Stanley forecasting at least a 25% increase from Q2 to Q3, which supports higher revenue and margins for Micron. Micron, Western Digital, and Sandisk Just Jumped 12% to 14%. Here’s the Forecast That Did It.
• Positive Sentiment: Wall Street commentary remains constructive on AI infrastructure names, with Micron highlighted as a beneficiary of strong revenue growth, expanding profitability, and the ongoing AI spending cycle. 2 AI Infrastructure Stocks That Could Outperform NVIDIA
• Neutral Sentiment: Several articles framed Micron as part of a broader “Memi” trade and a continued semiconductor rebound, reinforcing the AI-memory narrative but not adding much company-specific news. A new group of stocks is transforming global equities markets. Meet ‘Memi,’ the $3 trillion sector fueled by AI’s insatiable hunger for memory chips
• Neutral Sentiment: Bearish takes also emerged, including one arguing Micron could be a “generational short” with substantial downside, which may be tempering some enthusiasm after the recent run-up. Micron: A Generational Short Opportunity With 76% Downside

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.