Kornitzer Capital Management Inc. KS Invests $688,000 in Micron Technology, Inc. $MU

Kornitzer Capital Management Inc. KS bought a new stake in Micron Technology, Inc. (NASDAQ:MU) in the first quarter, HoldingsChannel.com reports. The fund bought 2,035 shares of the semiconductor manufacturer’s stock, valued at approximately $688,000.

Other large investors also recently bought and sold shares of the company. Manning & Napier Advisors LLC increased its holdings in shares of Micron Technology by 5.6% in the 1st quarter. Manning & Napier Advisors LLC now owns 1,088 shares of the semiconductor manufacturer’s stock worth $368,000 after buying an additional 58 shares during the last quarter. Equitable Trust Co. lifted its holdings in shares of Micron Technology by 14.0% in the 1st quarter. Equitable Trust Co. now owns 1,391 shares of the semiconductor manufacturer’s stock valued at $470,000 after acquiring an additional 171 shares during the last quarter. Winch Advisory Services LLC grew its position in Micron Technology by 4.9% in the first quarter. Winch Advisory Services LLC now owns 2,971 shares of the semiconductor manufacturer’s stock worth $1,004,000 after acquiring an additional 140 shares in the last quarter. Elevated Capital Advisors LLC grew its position in Micron Technology by 6,323.5% in the first quarter. Elevated Capital Advisors LLC now owns 2,184 shares of the semiconductor manufacturer’s stock worth $738,000 after acquiring an additional 2,150 shares in the last quarter. Finally, Accredited Investors Inc. increased its stake in Micron Technology by 68.6% during the first quarter. Accredited Investors Inc. now owns 1,445 shares of the semiconductor manufacturer’s stock worth $488,000 after acquiring an additional 588 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director owned 17,728 shares in the company, valued at $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction 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 sale, the director 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 163,300 shares of company stock worth $152,667,204. Insiders own 0.24% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: Micron is still being viewed as a long-term AI winner, with articles highlighting strong demand for DRAM/HBM memory, a persistent supply shortage, and large customer commitments that improve revenue visibility. Micron (MU) Just Put $3 Billion Into GlobalWafers To Secure AI Supply
• Positive Sentiment: Analysts and commentators continue to argue that Micron remains attractively valued after the pullback, pointing to strong growth, buy ratings, and upside potential if AI memory demand stays tight. Micron Offers a Lucrative Investment Opportunity at Current Valuation
• Neutral Sentiment: Several pieces frame Micron as part of a bigger AI-memory cycle, with bullish takes saying the memory market could stay tight for years, but also noting that investors are becoming more cautious after a huge run-up. The SK Hynix IPO and 2027’s AI Memory Squeeze (MU)
• Negative Sentiment: Micron is getting dragged lower in sympathy with SK Hynix and other memory names after a weak outlook from SK Hynix sparked fears that the AI memory rally may be overextended. Micron Stock Drops as Memory Rivals’ Surging Spending Stokes Fears
• Negative Sentiment: Broader market weakness, including a Nasdaq selloff and rising oil-related geopolitical concerns, is adding pressure to chip stocks and weighing on Micron shares. Dow Jones Futures: Nasdaq Sells Off, Oil Prices Spike On Trump Blockade; Micron, Sandisk, SK Hynix, SpaceX Dive

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MU shares. Mizuho upped their price objective on Micron Technology from $1,150.00 to $1,375.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Bank of America lifted their target price on Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. DA Davidson boosted their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Morgan Stanley increased their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Five equities research 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 company. According to data from MarketBeat, Micron Technology has an average rating of “Buy” and a consensus price target of $1,263.76.

Micron Technology Stock Down 4.4%

Shares of NASDAQ MU opened at $936.18 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The company has a market cap of $1.06 trillion, a P/E ratio of 21.19 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 50-day simple moving average of $931.65 and a two-hundred day simple moving average of $584.94.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 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 firm had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The company’s quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts anticipate that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s dividend payout ratio is 1.36%.

Micron Technology 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.