Micron Technology, Inc. $MU Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 14.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 214,739 shares of the semiconductor manufacturer’s stock after purchasing an additional 27,033 shares during the quarter. Micron Technology comprises approximately 0.7% of NewEdge Advisors LLC’s portfolio, making the stock its 23rd largest holding. NewEdge Advisors LLC’s holdings in Micron Technology were worth $247,873,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Heritage Trust Co lifted its holdings in shares of Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after purchasing an additional 1,323 shares during the period. Denali Advisors LLC acquired a new position in Micron Technology in the 2nd quarter valued at $7,364,000. Castleark Management LLC purchased a new position in Micron Technology during the 1st quarter worth $3,709,000. Oppenheimer & Co. Inc. raised its position in Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after buying an additional 6,702 shares during the last quarter. Finally, Legacy Wealth Management LLC MS lifted its stake in shares of Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after acquiring an additional 1,499 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Activity

In other news, CAO Scott R. Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction 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 owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 177,204 shares of company stock valued at $182,156,264 in the last ninety days. 0.24% of the stock is owned by company insiders.

More Micron Technology News

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

• Positive Sentiment: Micron’s long-term outlook remains supported by tight DRAM supply, strong HBM demand, and planned expansion of DRAM and HBM manufacturing capacity. Long-term customer agreements could support pricing and growth through 2027 and beyond. Micron Has More Firepower Left in Its Cylinder for the Long Term
• Positive Sentiment: Investors are looking ahead to Micron’s September 30 earnings report, with expectations for continued record DRAM and NAND pricing, strong results, and optimistic forward guidance. Prediction: Micron’s Sept. 30 Earnings Will Confirm the Memory Shortage Isn’t Over
• Neutral Sentiment: Technical analysts are monitoring a closely watched support level after the stock’s decline. A break below that level could signal additional near-term weakness, while stabilization could allow investors to refocus on Micron’s earnings and HBM expansion plans. Micron Stock Sends Urgent Signal as Shares Slide
• Negative Sentiment: Shares declined with other AI-related semiconductor stocks after Anthropic and OpenAI executives called for a slower pace of AI development. Investors fear that a moderation in AI spending could reduce demand expectations for memory chips and weaken the premium valuation assigned to HBM suppliers. Memory Stocks Lead AI Selloff
• Negative Sentiment: Additional risks include the possibility that Nvidia develops chips requiring less expensive memory, while Samsung and SK Hynix gain HBM market share. A report that DeepSeek materially reduced its HBM and SSD requirements has also challenged the assumption that AI usage will translate directly into proportional memory demand. DeepSeek Cut Its KV-Cache HBM Need
• Negative Sentiment: Potentially higher interest rates are adding pressure to high-growth technology stocks and amplifying the sector-wide selloff. Dow Jones Futures: Nvidia, Micron, Sandisk Dive on AI Fears

Micron Technology Stock Performance

Shares of MU opened at $924.03 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The company has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 20.92, a PEG ratio of 0.62 and a beta of 2.22. The company’s 50 day simple moving average is $928.22 and its 200 day simple moving average is $760.84. Micron Technology, Inc. has a 1 year low of $154.65 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. The firm 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%. Micron Technology’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 EPS. 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 EPS for the current year.

Micron Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MU. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research report on Friday, August 7th. Zacks Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Needham & Company LLC raised their target price on Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Royal Bank Of Canada upped their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Finally, Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $1,295.63.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.