QRG Capital Management Inc. Has $250.04 Million Stock Holdings in Micron Technology, Inc. $MU

QRG Capital Management Inc. lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,617 shares of the semiconductor manufacturer’s stock after purchasing an additional 10,384 shares during the quarter. Micron Technology accounts for about 1.8% of QRG Capital Management Inc.’s portfolio, making the stock its 9th biggest position. QRG Capital Management Inc.’s holdings in Micron Technology were worth $250,039,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Andar Capital Management HK Ltd increased its stake in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new position in Micron Technology in the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE boosted its holdings in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after buying an additional 2,136,470 shares during the period. Legal & General Group Plc acquired a new position in shares of Micron Technology in the second quarter valued at approximately $8,402,393,000. Finally, Norges Bank bought a new stake in shares of Micron Technology during the fourth quarter worth $6,433,456,000. Institutional investors own 80.84% of the company’s stock.

Insider Activity

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by company insiders.

Micron Technology Stock Down 2.2%

Shares of MU stock traded down $24.28 during trading on Wednesday, reaching $1,071.88. The company’s stock had a trading volume of 21,446,532 shares, compared to its average volume of 42,458,512. The business has a fifty day moving average price of $932.42 and a 200-day moving average price of $785.75. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.21 trillion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 0.66 and a beta of 2.22. Micron Technology, Inc. has a one year low of $154.65 and a one 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 earnings per share for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter last year, the firm earned $1.91 earnings per share. The firm’s revenue for the quarter was up 345.8% compared to the same quarter last year. Analysts anticipate that Micron Technology, Inc. will post 72.99 earnings per share for the current year.

Micron Technology News Summary

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

• Positive Sentiment: Citi raised its price target to $1,300 from $1,150 and maintained a Buy rating, citing stronger DRAM pricing, industry undersupply and sustained AI demand. The firm expects favorable memory conditions to continue into 2027. Micron Technology Target Lifted by Citi
• Positive Sentiment: UBS and Bank of America remain bullish, pointing to robust data-center demand, improving pricing, long-term contracts and potential shareholder returns. UBS said a chip shortage could deepen into 2027, while BofA is watching whether Micron can sustain gross margins near the mid-80% range. Analyst Views on Micron
• Positive Sentiment: Micron’s September 30 fiscal fourth-quarter earnings report is a major near-term catalyst. Analysts expect strong revenue, earnings and pricing commentary, with investors focused on demand visibility, margins and the duration of memory tightness.
• Neutral Sentiment: The memory trade has become a battleground. The broader semiconductor sector pulled back after a six-session advance, while Wells Fargo lowered its target and Citi raised its forecast. This reflects profit-taking and uncertainty over how much optimism is already priced into Micron after its substantial run. Micron Stock Becomes a Battleground
• Negative Sentiment: Michael Burry expanded his short position in Micron, warning that rising semiconductor production could ease supply constraints and pressure memory prices. China’s CXMT also announced a denser mobile DRAM product, raising longer-term competition concerns, although it reportedly lacks Micron’s comparable yields, HBM capabilities and global customer base. Michael Burry Expands Short Bets

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective on the stock in a report on Friday, August 14th. Needham & Company LLC upped their target price on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. UBS Group reissued a “buy” rating on shares of Micron Technology in a research note on Wednesday. Finally, Susquehanna boosted their price target on Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $1,296.47.

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.