K.J. Harrison & Partners Inc Sells 3,800 Shares of Micron Technology, Inc. $MU

K.J. Harrison & Partners Inc decreased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 95.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 200 shares of the semiconductor manufacturer’s stock after selling 3,800 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Micron Technology were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MU. Ramsey Quantitative Systems purchased a new stake in Micron Technology during the 2nd quarter valued at $46,000. RHL Group LLC bought a new stake in shares of Micron Technology in the 2nd quarter worth $47,000. Signature Resources Capital Management LLC raised its stake in shares of Micron Technology by 1,125.0% in the second quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer’s stock worth $57,000 after purchasing an additional 45 shares during the last quarter. Davis Capital Management raised its stake in shares of Micron Technology by 510.0% in the second quarter. Davis Capital Management now owns 61 shares of the semiconductor manufacturer’s stock worth $70,000 after purchasing an additional 51 shares during the last quarter. Finally, Glynn Capital Management LLC lifted its holdings in shares of Micron Technology by 40.9% during the second quarter. Glynn Capital Management LLC now owns 62 shares of the semiconductor manufacturer’s stock valued at $72,000 after purchasing an additional 18 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: AI demand is tightening memory supply. CEO Sanjay Mehrotra said data-center customers want roughly 50% more memory than Micron can currently supply, while Nvidia identified memory availability as a key constraint on AI-system growth. That supports Micron’s pricing power and demand visibility. Micron CEO AI Shift Breaks Traditional Memory Market Cycles
• Positive Sentiment: Nvidia’s purchasing commitments reinforce the bullish outlook. Nvidia reportedly more than doubled memory-related supplier commitments to $279 billion, potentially benefiting Micron as a major supplier. Micron also has approximately $22 billion in strategic commitments, including contracts extending through 2030. Nvidia Just Validated Micron’s Biggest AI Bull Case
• Positive Sentiment: Expansion plans strengthen Micron’s long-term positioning. The company is investing $10 billion in U.S. research labs, launching a $250 million venture fund and expanding its workforce-training infrastructure. President Donald Trump’s praise of Micron as one of the world’s “hottest” companies adds political visibility to the investment. Why Micron Stock Didn’t Get a Leg Up From SK Hynix’s Memory Optimism
• Neutral Sentiment: Analysts and bullish commentators point to surging DRAM and NAND prices, record margins and the possibility that AI demand has made memory cycles less volatile. However, much of this optimism may already be reflected in Micron’s substantial previous gains.
• Negative Sentiment: Profit-taking and valuation concerns are weighing on the shares. Micron has rallied sharply, encouraging investors to lock in gains even after favorable Nvidia news. A softer technology-market backdrop and concerns about potential U.S. chip tariffs are adding pressure. Why Is Micron Stock Falling
• Negative Sentiment: Investors remain concerned that the memory supercycle will eventually become cyclical. Increased industry capacity or new competitors could eventually reduce pricing and margins, while current supply shortages may constrain Nvidia’s shipments in the near term. Micron Stock Has Surged 220 Percent

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the transaction, the director owned 17,728 shares in the company, valued at $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 177,204 shares of company stock valued at $182,156,264 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Trading Down 0.3%

Shares of NASDAQ:MU opened at $932.86 on Friday. The stock has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 21.12 and a beta of 2.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The stock’s 50-day simple moving average is $951.63 and its two-hundred day simple moving average is $714.71. Micron Technology, Inc. has a 52-week low of $114.25 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the company posted $1.91 EPS. The business’s quarterly 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 year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.

Wall Street Analyst Weigh In

Several research firms recently commented on MU. TD Cowen reaffirmed a “buy” rating on shares of Micron Technology in a research report on Friday, July 10th. Royal Bank Of Canada lifted their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Zacks Research downgraded shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $1,295.63.

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.