US Bancorp DE Boosts Stake in Micron Technology, Inc. $MU

US Bancorp DE lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 967,728 shares of the semiconductor manufacturer’s stock after acquiring an additional 41,373 shares during the quarter. US Bancorp DE owned 0.09% of Micron Technology worth $161,920,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MU. Catalyst Financial Partners LLC raised its position in shares of Micron Technology by 5.9% in the 3rd quarter. Catalyst Financial Partners LLC now owns 5,593 shares of the semiconductor manufacturer’s stock valued at $936,000 after purchasing an additional 310 shares in the last quarter. Empirical Asset Management LLC acquired a new position in Micron Technology during the 3rd quarter worth $296,000. RWA Wealth Partners LLC increased its position in shares of Micron Technology by 24.5% in the 3rd quarter. RWA Wealth Partners LLC now owns 6,254 shares of the semiconductor manufacturer’s stock worth $1,046,000 after purchasing an additional 1,232 shares during the last quarter. Jag Capital Management LLC acquired a new stake in shares of Micron Technology in the 3rd quarter valued at about $18,662,000. Finally, Waddell & Associates LLC lifted its position in shares of Micron Technology by 122.9% during the third quarter. Waddell & Associates LLC now owns 5,061 shares of the semiconductor manufacturer’s stock worth $847,000 after purchasing an additional 2,790 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analysts Set New Price Targets

MU has been the subject of several research reports. Royal Bank Of Canada initiated coverage on Micron Technology in a research report on Thursday, January 15th. They issued an “outperform” rating and a $425.00 target price for the company. Cantor Fitzgerald boosted their target price on shares of Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. UBS Group raised their price target on shares of Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price objective on shares of Micron Technology from $220.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Finally, Morgan Stanley raised their target price on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $358.38.

Micron Technology Stock Up 2.6%

MU stock opened at $429.00 on Thursday. The firm’s 50-day moving average is $362.73 and its two-hundred day moving average is $249.11. The company has a market capitalization of $482.84 billion, a price-to-earnings ratio of 40.78 and a beta of 1.52. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $455.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping 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 firm had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the previous year, the company earned $1.79 earnings per share. The firm’s quarterly revenue was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron is ramping a US$200 billion U.S. buildout to expand memory capacity for AI workloads, a major capital commitment that supports long-term revenue, domestic supply assurance, and pricing power. Micron Ramps US$200b US Buildout As AI Demand Tests Valuation
• Positive Sentiment: Analysts note tight HBM supply and strong demand for AI accelerators, which is improving Micron’s pricing power and margins versus peers — a direct earnings tailwind if the dynamics continue. Micron vs Oracle: One AI Stock Is a Clear Buy Right Now
• Positive Sentiment: Multiple outlets highlight Micron’s outperformance among semiconductor names and sustained analyst optimism — sentiment that can attract momentum flows and analyst upgrades. How Is Micron Technology’s Stock Performance Compared to Other Semiconductor Stocks
• Positive Sentiment: Market commentators point to a technical breakout and continuation of the rally tied to Micron’s role as an HBM supplier, with upside scenarios well above current levels if momentum persists. 5 Hot Buys Ready to Spring Higher in March (Micron section)
• Positive Sentiment: Investor pieces argue Micron remains reasonably valued despite a multi-hundred-percent run, noting forecasted revenue that could exceed entire prior-year figures if memory demand stays elevated. This supports a buy case for longer-term investors. Up Over 300%, Should You Buy Micron Stock Right Now?
• Neutral Sentiment: Micron has scheduled its fiscal Q2 earnings call for March 18, 2026 — a near-term catalyst that could materially move the stock depending on revenue, margin and guidance commentary. Micron Technology to Report Fiscal Second Quarter Results on March 18, 2026
• Negative Sentiment: Coverage about Micron trading near record highs has raised the profittaking question — elevated valuations and talk of cashing out can increase short-term volatility and pullbacks if investor sentiment shifts. Micron Stock Trades Near Record High — Cash Out or Hold On?

Insiders Place Their Bets

In other Micron Technology news, CAO Scott R. Allen sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total value of $675,000.00. Following the transaction, the chief accounting officer owned 38,237 shares of the company’s stock, valued at approximately $12,904,987.50. This represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the transaction, the executive vice president owned 323,486 shares in the company, valued at $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders purchased 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. Company insiders own 0.24% of the company’s stock.

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.