First Community Trust NA Acquires 1,279 Shares of Micron Technology, Inc. $MU

First Community Trust NA grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 94.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,638 shares of the semiconductor manufacturer’s stock after buying an additional 1,279 shares during the period. Micron Technology makes up 1.4% of First Community Trust NA’s portfolio, making the stock its 15th largest holding. First Community Trust NA’s holdings in Micron Technology were worth $3,045,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares in the last quarter. State Street Corp increased its stake in Micron Technology by 2.1% during the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after acquiring an additional 1,090,644 shares during the last quarter. Norges Bank purchased a new stake in Micron Technology during the fourth quarter valued at approximately $6,433,456,000. Morgan Stanley raised its position in Micron Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after purchasing an additional 794,289 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Micron Technology by 1.9% in the 4th quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer’s stock valued at $3,040,858,000 after purchasing an additional 194,550 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

Shares of MU stock opened at $911.29 on Thursday. The stock has a 50 day moving average price of $964.26 and a 200 day moving average price of $671.13. Micron Technology, Inc. has a 52-week low of $113.46 and a 52-week high of $1,255.00. 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 firm has a market capitalization of $1.03 trillion, a P/E ratio of 20.63 and a beta of 2.18.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the prior year, the company posted $1.91 EPS. Micron Technology’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. As a group, sell-side analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 1.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. UBS Group reiterated a “buy” rating on shares of Micron Technology in a report on Monday. Raymond James Financial increased their price target on Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. DA Davidson raised their price target on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Needham & Company LLC lifted their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research report on Friday, August 7th. 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 stock. Based on data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average target price of $1,260.31.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: AI infrastructure spending boosted semiconductor sentiment. Strong earnings and forecasts from CoreWeave and Super Micro Computer reassured investors that hyperscaler and data-center capital expenditures remain robust, supporting demand for Micron’s high-bandwidth memory and other products. AI infrastructure stocks surge after strong earnings from CoreWeave, Supermicro
• Positive Sentiment: Memory shortages and multi-year demand visibility remain bullish. Reports highlighted constrained DRAM and high-bandwidth memory supply, with demand reportedly extending through 2027. Micron’s take-or-pay and strategic customer agreements could lock in volumes, improve revenue visibility and reduce some of the industry’s historical cyclicality. Can Micron’s Take-or-Pay Deals Improve Revenue Growth Visibility?
• Positive Sentiment: Recent financial performance supports the rally. Micron’s fiscal third-quarter revenue rose roughly 346% year over year to about $41.5 billion, while gross margin reached approximately 85%. Analysts and investors cited the earnings surge, elevated pricing and potential benefits from AI, advanced computing and robotics as reasons for continued optimism.
• Neutral Sentiment: Profitability may be peaking in the near term. Although record margins are a major catalyst, some new customer contracts reportedly cap pricing. That could limit further margin expansion if memory prices continue rising, even as contracted demand supports revenue growth. Micron Set A Margin Record On Prices It Has Agreed To Cap
• Negative Sentiment: Netlist initiated new patent litigation against Micron. The action at the U.S. International Trade Commission creates potential legal costs, disruption or restrictions involving products alleged to infringe Netlist patents. The financial impact is uncertain, but the filing adds an overhang to the otherwise bullish narrative. Micron Technology Faces New Legal Action Over Alleged Infringement of Netlist Patents
• Negative Sentiment: Insider selling and cyclical concerns temper enthusiasm. Reported insider activity showed sales without purchases over the past six months, while critics warn that expectations for AI-driven growth and margins may already be extremely high.

Insider Activity at Micron Technology

In related news, Director Lynn A. Dugle sold 1,300 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 37,439 shares of Micron Technology stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the sale, the chief executive officer owned 387,064 shares of the company’s stock, valued at $371,728,524.32. The trade was a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 162,179 shares of company stock valued at $167,811,861. Company insiders own 0.24% of the company’s stock.

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.