Sienna Gestion Boosts Stock Position in Micron Technology, Inc. $MU

Sienna Gestion increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 87.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,986 shares of the semiconductor manufacturer’s stock after purchasing an additional 43,822 shares during the quarter. Micron Technology makes up approximately 1.0% of Sienna Gestion’s holdings, making the stock its 19th largest holding. Sienna Gestion’s holdings in Micron Technology were worth $14,338,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Orleans Capital Management Corp LA purchased a new position in shares of Micron Technology during the second quarter valued at about $256,000. iA Global Asset Management Inc. grew its holdings in shares of Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock worth $24,578,000 after acquiring an additional 23,117 shares during the period. Cary Street Partners Financial LLC grew its holdings in shares of Micron Technology by 25.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after acquiring an additional 5,233 shares during the period. Wealthspire Advisors LLC raised its position in shares of Micron Technology by 27.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after acquiring an additional 3,208 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its position in shares of Micron Technology by 9.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock worth $15,962,000 after acquiring an additional 8,489 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP Manish H. Bhatia sold 26,623 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the transaction, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. This represents a 7.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven J. Gomo sold 5,000 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $263.63, for a total value of $1,318,150.00. Following the sale, the director owned 19,139 shares in the company, valued at approximately $5,045,614.57. This represents a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. Insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Aletheia bumped its price target sharply to $650 (from $315) and kept a Buy rating, citing sustained AI training/inference demand that should lift memory pricing and Micron’s earnings power. Aletheia Lifts PT on Micron Technology, Inc. (MU) to $650 From $315 – Here’s Why
• Positive Sentiment: UBS raised its price target to $475 and flagged prolonged supply tightness across memory markets, which supports stronger pricing and margins for Micron. That channel-check view reinforces a multi-quarter revenue/price tailwind. UBS Sees Prolonged Supply Tightness Supporting Micron Technology, Inc. (MU)
• Positive Sentiment: Micron’s S&P 100 inclusion and its customer-sampled 256GB SOCAMM2 LPDRAM (co‑designed with NVIDIA) highlight expanding role in AI memory — a structural demand story that can attract index flows and broader institutional interest. Micron’s S&P 100 Debut Highlights Expanding Role In AI Memory
• Neutral Sentiment: Micron is a meaningful holding in several ETFs focused on value/low-volatility (one fund notes ~10% weight). That can boost passive inflows but also concentrate downside if ETFs rebalance. (MarketBeat coverage on ETFs and holdings.)
• Negative Sentiment: Some analysts and articles warn Micron may be richly valued at current levels and list it among AI names vulnerable to sharp pullbacks if sentiment shifts — a reminder that multiple upside narratives are pricing in future growth. 2 Artificial Intelligence (AI) Stocks to Sell Before They Fall 40% and 55%, According to Wall Street Analysts

Micron Technology Stock Performance

Shares of MU stock opened at $370.30 on Monday. The company has a market capitalization of $416.78 billion, a price-to-earnings ratio of 35.20 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $455.50. The company’s 50-day moving average is $379.98 and its 200 day moving average is $263.57.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $1.01. The business had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business’s revenue for the quarter was up 56.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, December 29th. Micron Technology’s payout ratio is presently 4.37%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MU. KeyCorp lifted their price target on Micron Technology from $325.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Micron Technology from $200.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Itau BBA Securities restated an “outperform” rating on shares of Micron Technology in a report on Thursday, December 18th. Stifel Nicolaus upped their target price on shares of Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 price target on shares of Micron Technology in a research note on Tuesday, January 20th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $371.83.

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.