Myriad Asset Management US LP Takes $1.05 Million Position in Micron Technology, Inc. $MU

Myriad Asset Management US LP bought a new stake in Micron Technology, Inc. (NASDAQ:MU) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,276 shares of the semiconductor manufacturer’s stock, valued at approximately $1,050,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after purchasing an additional 1,973,294 shares in the last quarter. State Street Corp lifted its position in shares of Micron Technology by 2.7% during the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after purchasing an additional 1,349,713 shares during the last quarter. Geode Capital Management LLC lifted its stake in Micron Technology by 1.2% during the second quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after purchasing an additional 314,489 shares during the last quarter. Norges Bank acquired a new position in shares of Micron Technology in the 2nd quarter valued at about $1,980,700,000. Finally, Invesco Ltd. boosted its stake in Micron Technology by 3.2% in the second quarter. Invesco Ltd. now owns 8,913,450 shares of the semiconductor manufacturer’s stock valued at $1,098,583,000 after acquiring an additional 277,507 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MU shares. JPMorgan Chase & Co. increased their price objective on Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Raymond James Financial upped their price target on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Citigroup lifted their target price on shares of Micron Technology from $330.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Stifel Nicolaus raised their price objective on Micron Technology from $300.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Piper Sandler lifted their price objective on Micron Technology from $275.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Four analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Micron Technology currently has an average rating of “Buy” and an average target price of $340.79.

Micron Technology Stock Up 2.2%

Shares of MU opened at $397.58 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $278.66 and a two-hundred day moving average price of $198.93. The stock has a market cap of $447.48 billion, a price-to-earnings ratio of 37.79 and a beta of 1.50. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $397.78.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The business had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same quarter in the previous year, the firm earned $1.79 EPS. Micron Technology’s quarterly revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, December 29th. Micron Technology’s payout ratio is 4.37%.

Insider Activity

In related news, Director Teyin M. Liu purchased 11,600 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were bought at an average price of $337.22 per share, with a total value of $3,911,752.00. Following the purchase, the director directly owned 25,910 shares in the company, valued at $8,737,370.20. This trade represents a 81.06% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sanjay Mehrotra sold 3,743 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the sale, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 287,500 shares of company stock worth $65,892,908. Corporate insiders own 0.24% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Stifel raised its price target to $360 and kept a Buy rating, citing AI cloud demand and the company’s strategic fab acquisition as margin and supply levers that improve Micron’s pricing power. Stifel Raises Micron Technology (MU) Price Target to $360, Keeps Buy Rating
• Positive Sentiment: TD Cowen boosted its price target to $450, another major analyst upgrade that supports the narrative of multi-year memory tightness and rising ASPs. TD Cowen Increases Micron Technology (NASDAQ:MU) Price Target to $450.00
• Positive Sentiment: Additional broker interest: William Blair initiated coverage with an Outperform, Rosenblatt reiterated a Buy — broadening analyst support that can attract institutional flows. William Blair coverage (source) Micron Technology (NASDAQ:MU) Earns “Buy” Rating from Rosenblatt Securities
• Positive Sentiment: Recent quarterly beat and strong guidance (large YoY revenue and EPS gains; high Q2 guidance midpoint) underpin higher analyst estimates and valuation expansion. Micron: This Party Is Just Getting Started
• Positive Sentiment: Insider buy: a senior insider (Teyin Liu) purchased roughly $7.8M of MU stock — a signal of insider confidence that often supports rallies. Micron insider Teyin Liu just bought $7.8 million in MU stock
• Positive Sentiment: Strategic fab move: Micron’s ~$1.8B investment/acquisition of a Taiwan fab strengthens capacity control vs. competitors, supporting medium-term pricing and supply discipline. Why is Micron stock surging nearly 7% on Wednesday?
• Neutral Sentiment: Previews and positioning: analysts expect another strong fiscal Q2 driven by improving market conditions and AI demand; this sets expectations but also increases the bar for the next release. Here’s What to Expect From Micron Technology’s Next Earnings Report
• Neutral Sentiment: Momentum context: coverage and data services note MU is trending with analysts amid the AI memory supercycle; useful for sentiment but not new fundamental news. Micron Trending With Analysts Amid AI Memory Supercycle
• Negative Sentiment: Contrarian view: at least one analyst/column argues the rally is extended and recommends selling, warning of cyclical risk if AI demand or pricing reverses — a reminder of downside risk on any sell-off. Micron: This Time Is Not Different, It’s Time To ‘Sell’ (Downgrade)

About Micron Technology

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.