Patton Fund Management Inc. Decreases Stock Holdings in Micron Technology, Inc. $MU

Patton Fund Management Inc. reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 34.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,337 shares of the semiconductor manufacturer’s stock after selling 2,796 shares during the quarter. Micron Technology comprises 1.3% of Patton Fund Management Inc.’s investment portfolio, making the stock its 11th biggest position. Patton Fund Management Inc.’s holdings in Micron Technology were worth $6,160,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MU. Armstrong Advisory Group Inc. increased its holdings in shares of Micron Technology by 1.4% in the second quarter. Armstrong Advisory Group Inc. now owns 1,560 shares of the semiconductor manufacturer’s stock valued at $1,800,000 after purchasing an additional 22 shares during the last quarter. Southland Equity Partners LLC acquired a new position in Micron Technology during the second quarter worth $252,000. McAlister Sweet & Associates Inc. boosted its stake in Micron Technology by 37.3% during the second quarter. McAlister Sweet & Associates Inc. now owns 2,081 shares of the semiconductor manufacturer’s stock worth $2,402,000 after buying an additional 565 shares during the last quarter. Breachway Investments LLC purchased a new stake in Micron Technology in the 2nd quarter valued at $260,000. Finally, Generali Investments CEE investicni spolecnost a.s. grew its holdings in Micron Technology by 44.7% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 10,223 shares of the semiconductor manufacturer’s stock valued at $11,800,000 after buying an additional 3,157 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories 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.

Micron Technology Trading Up 4.9%

Shares of NASDAQ MU opened at $911.29 on Thursday. Micron Technology, Inc. has a twelve month low of $113.46 and a twelve month 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 has a fifty day simple moving average of $964.26 and a 200-day simple moving average of $671.13. The stock has a market capitalization of $1.03 trillion, a PE ratio of 20.63 and a beta of 2.18.

Micron Technology (NASDAQ:MU) last posted its earnings results 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 for the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the prior year, the company earned $1.91 EPS. Micron Technology’s 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. On average, equities analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend 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 currently 1.36%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MU shares. Citigroup reduced their price target on Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Bank of America upped their price objective on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Wedbush raised their price objective on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Finally, UBS Group reaffirmed a “buy” rating on shares of Micron Technology in a research note on Monday. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and an average target price of $1,260.31.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 31,285 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $926.83, for a total value of $28,995,876.55. Following the completion of the transaction, the chief executive officer owned 313,218 shares of the company’s stock, valued at approximately $290,299,838.94. This trade represents a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 162,179 shares of company stock worth $167,811,861 over the last ninety days. Company insiders own 0.24% of the company’s stock.

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.