Permanens Capital L.P. Makes New $923,000 Investment in Micron Technology, Inc. $MU

Permanens Capital L.P. bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 800 shares of the semiconductor manufacturer’s stock, valued at approximately $923,000.

A number of other hedge funds have also recently bought and sold shares of the company. Ramsey Quantitative Systems bought a new position in shares of Micron Technology during the 2nd quarter valued at about $46,000. RHL Group LLC acquired a new position in shares of Micron Technology in the 2nd quarter worth approximately $47,000. Philadelphia Investment Partners LLC bought a new stake in shares of Micron Technology in the 2nd quarter worth approximately $54,000. Signature Resources Capital Management LLC raised its holdings in shares of Micron Technology by 1,125.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer’s stock worth $57,000 after purchasing an additional 45 shares in the last quarter. Finally, Davis Capital Management lifted its stake in Micron Technology by 510.0% during the second quarter. Davis Capital Management now owns 61 shares of the semiconductor manufacturer’s stock valued at $70,000 after purchasing an additional 51 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MU. Royal Bank Of Canada raised their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. The Goldman Sachs Group increased their price objective on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, June 25th. Susquehanna raised their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Thursday, June 25th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $1,295.63.

Insider Buying and Selling at Micron Technology

In related news, EVP April Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 177,204 shares of company stock valued at $182,156,264 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

Shares of MU stock opened at $1,016.59 on Friday. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 0.64 and a beta of 2.22. Micron Technology, Inc. has a 1-year low of $125.66 and a 1-year high of $1,255.00. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The stock’s fifty day simple moving average is $935.15 and its 200-day simple moving average is $734.51.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the prior year, the business earned $1.91 EPS. The business’s revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Key Micron Technology News

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

• Positive Sentiment: AI memory demand remains the key catalyst. Micron is reportedly increasing production capacity for more profitable, high-demand memory products used in AI servers, including high-bandwidth memory (HBM). Investors see sustained hyperscaler spending as supporting pricing, revenue and margins. Micron is doubling down on AI memory chips
• Positive Sentiment: Memory stocks led the market. Micron and other memory-related companies benefited from renewed enthusiasm for AI infrastructure, the release of a new OpenAI model and expectations that the NAND pricing cycle may be strengthening. Memory and AI-related stocks lead the market
• Positive Sentiment: Analyst upside forecasts added support. Lynx Equity Strategies said volatility has normalized and maintained an aggressive price target of $1,325 for MU, implying substantial potential upside from recent levels. Lynx Equity sees Micron and SanDisk breakout
• Positive Sentiment: Recent operating results provide fundamental support. Micron’s latest reported quarter significantly exceeded earnings and revenue expectations, with revenue up sharply year over year. The company also issued strong fourth-quarter guidance, reinforcing the view that AI-related memory shortages are translating into exceptional profitability.
• Neutral Sentiment: Long-term customer agreements may reduce—but not eliminate—cyclicality. Reports highlight 16 strategic agreements extending through 2030, some with price floors or bands. These contracts could improve earnings visibility, although investors remain concerned that new industry capacity could eventually pressure pricing. Micron’s contracts reveal the next AI bottleneck
• Negative Sentiment: Competition and execution risks remain. Chinese chipmaker CXMT is gaining DRAM market share, while planned capacity investments by Asian producers could eventually create oversupply. Micron also faces potential labor disruption in Taiwan after unions sought substantially higher compensation, creating a risk to costs and supply continuity. Chinese chipmaker CXMT gains DRAM share

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.