Micron Technology, Inc. $MU Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 317.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,606 shares of the semiconductor manufacturer’s stock after buying an additional 30,119 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Micron Technology were worth $45,716,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MU. Andar Capital Management HK Ltd grew its stake in Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after acquiring an additional 34,278,413 shares during the period. Norges Bank acquired a new position in Micron Technology during the fourth quarter worth $6,433,456,000. Primecap Management Co. CA acquired a new position in Micron Technology during the second quarter worth $22,182,263,000. Bank of America Corp DE lifted its holdings in Micron Technology by 26.6% during the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after purchasing an additional 2,136,470 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Micron Technology by 1.6% during the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after purchasing an additional 155,073 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Price Performance

Shares of Micron Technology stock traded down $24.28 during trading hours on Wednesday, reaching $1,071.88. 21,446,532 shares of the company’s stock were exchanged, compared to its average volume of 42,458,512. The business has a fifty day moving average of $932.42 and a two-hundred day moving average of $785.75. The company has a market capitalization of $1.21 trillion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 0.66 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 1 year low of $154.65 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same period last year, the firm posted $1.91 earnings per share. As a group, research analysts predict that Micron Technology, Inc. will post 72.99 earnings per share for the current fiscal year.

More Micron Technology News

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

• Positive Sentiment: Citi raised its price target to $1,300 from $1,150 and maintained a Buy rating, citing stronger DRAM pricing, industry undersupply and sustained AI demand. The firm expects favorable memory conditions to continue into 2027. Micron Technology Target Lifted by Citi
• Positive Sentiment: UBS and Bank of America remain bullish, pointing to robust data-center demand, improving pricing, long-term contracts and potential shareholder returns. UBS said a chip shortage could deepen into 2027, while BofA is watching whether Micron can sustain gross margins near the mid-80% range. Analyst Views on Micron
• Positive Sentiment: Micron’s September 30 fiscal fourth-quarter earnings report is a major near-term catalyst. Analysts expect strong revenue, earnings and pricing commentary, with investors focused on demand visibility, margins and the duration of memory tightness.
• Neutral Sentiment: The memory trade has become a battleground. The broader semiconductor sector pulled back after a six-session advance, while Wells Fargo lowered its target and Citi raised its forecast. This reflects profit-taking and uncertainty over how much optimism is already priced into Micron after its substantial run. Micron Stock Becomes a Battleground
• Negative Sentiment: Michael Burry expanded his short position in Micron, warning that rising semiconductor production could ease supply constraints and pressure memory prices. China’s CXMT also announced a denser mobile DRAM product, raising longer-term competition concerns, although it reportedly lacks Micron’s comparable yields, HBM capabilities and global customer base. Michael Burry Expands Short Bets

Analyst Upgrades and Downgrades

MU has been the topic of several research analyst reports. Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Citigroup raised their price target on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group reiterated a “buy” rating on shares of Micron Technology in a report on Wednesday. Finally, Wedbush boosted their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Four 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 company currently has a consensus rating of “Buy” and an average price target of $1,296.47.

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 40,000 shares of the company’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 directly owned 85,737 shares in the company, valued at $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 177,204 shares of company stock worth $182,156,264 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.