Flputnam Investment Management Co. Cuts Stock Holdings in Micron Technology, Inc. $MU

Flputnam Investment Management Co. reduced its position in Micron Technology, Inc. (NASDAQ:MU) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,096 shares of the semiconductor manufacturer’s stock after selling 9,626 shares during the period. Micron Technology comprises about 1.7% of Flputnam Investment Management Co.’s portfolio, making the stock its 11th biggest holding. Flputnam Investment Management Co.’s holdings in Micron Technology were worth $138,626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M.E. Allison & CO. Inc. increased its stake in shares of Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after purchasing an additional 11 shares in the last quarter. Cherrydale Wealth Management LLC grew its holdings in Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after purchasing an additional 13 shares during the period. Bellevue Asset Management LLC increased its position in shares of Micron Technology by 25.5% in the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after buying an additional 13 shares in the last quarter. Red Door Wealth Management LLC raised its stake in shares of Micron Technology by 0.7% during the 2nd quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after buying an additional 14 shares during the period. Finally, Signature Equity Partners LLC raised its stake in shares of Micron Technology by 6.3% during the 1st quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer’s stock worth $86,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Analyst optimism is supporting the rebound. BMO initiated coverage with an “outperform” rating and a $1,300 price target, while Mizuho maintained its “outperform” rating and set a $1,300 target despite lowering its estimate from $1,375. Finance giant sets aggressive Micron stock target after earnings
• Positive Sentiment: Investor commentary remains bullish on Micron’s long-term growth. The company’s latest quarter generated approximately $41.5 billion in revenue, up more than 345% year over year, with earnings substantially exceeding expectations. Analysts and commentators also point to accelerating revenue and profit growth and the possibility of the stock reaching $1,300 by year-end. Prediction: Micron Stock Will Reach $1,300 by the End of 2026
• Positive Sentiment: Reports that DRAM and high-bandwidth memory prices could rise sharply this quarter reinforce Micron’s pricing power. Demand from AI data centers continues to exceed supply, while management expects the memory industry to expand over the long run. Memory Shortage Deepens to Worst Levels Since 2017
• Neutral Sentiment: Micron promoted Manish Bhatia to president and chief operating officer and Scott DeBoer to president and chief technology and products officer. The changes are intended to improve execution and innovation as AI-related memory demand grows, but their financial impact will take time to assess. Micron Announces Leadership Appointments
• Neutral Sentiment: Micron will report fiscal fourth-quarter results on September 30. The release is a potential catalyst because investors will look for evidence that AI demand, pricing and margins remain strong. Micron to Report Fiscal Fourth Quarter Results
• Negative Sentiment: Risks include competition from China’s YMTC, the possibility that long-term contracts limit Micron’s ability to capture rising spot prices, and the memory industry’s historically cyclical downturns. CEO Sanjay Mehrotra’s sale of 40,000 shares for approximately $38.8 million—and continued insider selling without reported purchases—may also weigh on sentiment. Sanjay Mehrotra Sells 40,000 Shares

Micron Technology Trading Up 0.6%

Shares of MU opened at $938.40 on Thursday. Micron Technology, Inc. has a 52-week low of $114.25 and a 52-week high of $1,255.00. The stock has a market cap of $1.06 trillion, a PE ratio of 21.25 and a beta of 2.18. The firm’s fifty day moving average is $959.62 and its two-hundred day moving average is $709.37. 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 (NASDAQ:MU) last issued 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. The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities lifted their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 target price on the stock in a research report on Friday, August 14th. TD Cowen reissued a “buy” rating on shares of Micron Technology in a research note on Friday, July 10th. Bank of America raised their price target on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Zacks Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Four investment 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. According to data from MarketBeat.com, Micron Technology currently has an average rating of “Buy” and an average price target of $1,295.63.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lynn A. Dugle sold 1,300 shares of the business’s 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 transaction, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. This trade represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 217,179 shares of company stock valued at $220,582,211. 0.24% of the stock is currently owned by company insiders.

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.