Waverly Advisors LLC Has $118.54 Million Stock Position in Micron Technology, Inc. $MU

Waverly Advisors LLC reduced its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 14.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,693 shares of the semiconductor manufacturer's stock after selling 17,722 shares during the period. Waverly Advisors LLC's holdings in Micron Technology were worth $118,537,000 as of its most recent SEC filing.

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A number of other large investors have also made changes to their positions in the company. Empirical Finance LLC boosted its position in shares of Micron Technology by 3.4% in the second quarter. Empirical Finance LLC now owns 38,219 shares of the semiconductor manufacturer's stock worth $44,116,000 after buying an additional 1,249 shares during the period. Nykredit A S acquired a new position in Micron Technology during the second quarter valued at $350,886,000. Parkside Financial Bank & Trust raised its position in Micron Technology by 7.2% during the second quarter. Parkside Financial Bank & Trust now owns 3,916 shares of the semiconductor manufacturer's stock valued at $4,520,000 after buying an additional 262 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group purchased a new stake in Micron Technology in the 2nd quarter worth about $806,000. Finally, Range Advisory LLC lifted its stake in Micron Technology by 80.2% in the 2nd quarter. Range Advisory LLC now owns 3,504 shares of the semiconductor manufacturer's stock worth $4,044,000 after acquiring an additional 1,559 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Analyst Ratings Changes

MU has been the topic of several research analyst reports. Susquehanna lifted their target price on Micron Technology from $1,750.00 to $2,000.00 and gave the company a "positive" rating in a research note on Thursday, June 25th. Raymond James Financial increased their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. The Goldman Sachs Group raised their price target on shares of Micron Technology from $900.00 to $1,100.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. Citigroup lowered their price objective on shares of Micron Technology from $1,400.00 to $1,150.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company 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 given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of "Buy" and an average price target of $1,295.63.

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Check Out Our Latest Research Report on Micron Technology

Micron Technology Price 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 firm has a market cap of $1.04 trillion, a PE ratio of 20.92, a PEG ratio of 0.62 and a beta of 2.22. The firm's 50 day moving average price is $928.22 and its 200 day moving average price is $760.84. Micron Technology, Inc. has a twelve month low of $154.65 and a twelve month high of $1,255.00.

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Micron Technology (NASDAQ:MU - Get Free Report) last posted 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. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the firm posted $1.91 earnings per share. The company's revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Key Stories Impacting Micron Technology

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

Insider Transactions at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the sale, the chief executive officer owned 264,503 shares of the company's stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the company's stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director owned 17,728 shares of the company's stock, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 177,204 shares of company stock valued at $182,156,264 in the last three months. 0.24% of the stock is currently owned by company insiders.

Micron Technology Profile

(Free Report)

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.

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