Rice Partnership LLC Cuts Stock Position in Micron Technology, Inc. $MU

Rice Partnership LLC trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,484 shares of the semiconductor manufacturer’s stock after selling 3,649 shares during the quarter. Micron Technology comprises about 1.3% of Rice Partnership LLC’s investment portfolio, making the stock its 24th largest holding. Rice Partnership LLC’s holdings in Micron Technology were worth $9,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MU. Vanguard Group Inc. grew its holdings in Micron Technology by 0.7% in the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock worth $17,510,615,000 after purchasing an additional 773,788 shares during the last quarter. State Street Corp grew its stake in Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after buying an additional 1,349,713 shares during the last quarter. Geode Capital Management LLC increased its position in Micron Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after buying an additional 314,489 shares in the last quarter. Norges Bank purchased a new stake in Micron Technology in the second quarter valued at about $1,980,700,000. Finally, Invesco Ltd. boosted its holdings in Micron Technology by 3.2% in the second quarter. Invesco Ltd. now owns 8,913,450 shares of the semiconductor manufacturer’s stock worth $1,098,583,000 after acquiring an additional 277,507 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In related news, Director Teyin M. Liu purchased 7,820 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was bought at an average price of $337.50 per share, with a total value of $2,639,250.00. Following the acquisition, the director owned 25,910 shares in the company, valued at $8,744,625. The trade was a 43.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total transaction 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 trade represents a 4.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have acquired 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is owned by insiders.

Micron Technology Trading Down 1.7%

Shares of Micron Technology stock opened at $420.97 on Tuesday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $455.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The company has a market cap of $473.81 billion, a P/E ratio of 40.02 and a beta of 1.51. The firm has a 50-day simple moving average of $354.95 and a two-hundred day simple moving average of $245.74.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the prior year, the firm posted $1.79 EPS. Micron Technology’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. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors 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 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 4.37%.

Key Micron Technology News

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

• Positive Sentiment: Multiple bullish analyst moves lift the narrative that Micron’s earnings power is rising — TD Cowen raised its long-term EPS bull-case to as much as $60 for 2026, Deutsche Bank raised its price target to $500, and Needham bumped its target to $450, highlighting tighter DRAM/HBM supply and stronger pricing prospects. What TD Cowen’s $60 EPS Call Means for Micron Technology (MU) Deutsche Bank Raises Micron Price Target to $500 on Tightening DRAM Supply Needham Raises Micron (MU) Target to $450, Maintains Buy Rating
• Positive Sentiment: Fundamentals and product positioning remain strong: Micron reported a big Q1 beat, high-bandwidth memory (HBM) capacity is largely sold out through 2026 under multi‑year deals, and the company is central to the AI memory supply squeeze — supporting near-term pricing and margins. These 5 Stocks Are at the Center of the AI Supply Squeeze (MU)
• Neutral Sentiment: Market commentary and stock‑picking lists (Barron’s, Zacks, 247WallSt, MarketBeat) continue to highlight MU as a top AI/memory trade and a long‑term buy for many investors; positive coverage supports flows but is incremental to fundamentals. 3 High-Growth Stocks To By In February
• Negative Sentiment: Micron’s plan to invest up to ~$200 billion in U.S. fabrication through 2030 is being read two ways: necessary to meet AI demand but also a potential risk (cash/returns/cycle timing) that could pressure the stock if spending timelines or returns disappoint. Did Micron Technology Just Send a $200 Billion Warning to Shareholders?
• Negative Sentiment: Rising supply risks: competitors like SK Hynix have pledged increased HBM capacity and broader industry capex could blunt Micron’s pricing tailwind over time — a key reason some investors are trimming positions after the rally. SK Hynix Boss Pledges to Boost Output of AI Memory Chips Micron and Its Memory-Chip Peers Are Riding the AI Surge. How and When It Could Turn Sour.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MU. Phillip Securities upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Monday, February 2nd. Cantor Fitzgerald lifted their price target on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Bank of America increased their price objective on Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $200.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Wells Fargo & Company increased their price target on shares of Micron Technology from $335.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $358.38.

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.