California First Leasing Corp Reduces Stake in Micron Technology, Inc. $MU

California First Leasing Corp lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 82,080 shares of the semiconductor manufacturer’s stock after selling 4,320 shares during the quarter. Micron Technology comprises about 8.9% of California First Leasing Corp’s portfolio, making the stock its 3rd largest holding. California First Leasing Corp’s holdings in Micron Technology were worth $27,730,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Meridian Investment Counsel Inc. raised its holdings in Micron Technology by 82.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 8,855 shares of the semiconductor manufacturer’s stock valued at $2,992,000 after acquiring an additional 3,999 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of Micron Technology by 70.7% during the first quarter. Kathmere Capital Management LLC now owns 3,646 shares of the semiconductor manufacturer’s stock worth $1,232,000 after acquiring an additional 1,510 shares during the period. Abel Hall LLC grew its position in shares of Micron Technology by 6.1% in the first quarter. Abel Hall LLC now owns 3,646 shares of the semiconductor manufacturer’s stock valued at $1,232,000 after purchasing an additional 210 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Micron Technology by 4,983.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 31,465 shares of the semiconductor manufacturer’s stock valued at $10,630,000 after purchasing an additional 30,846 shares during the last quarter. Finally, Whittier Trust Co. increased its stake in shares of Micron Technology by 1,536.5% during the first quarter. Whittier Trust Co. now owns 79,682 shares of the semiconductor manufacturer’s stock worth $26,920,000 after purchasing an additional 74,813 shares during the period. Institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron continues to benefit from strong earnings, tight memory-chip supply, and bullish analyst views following its blowout quarterly report. The Single Most Important Number from Micron’s Monster Earnings Report
• Positive Sentiment: A new long-term supply deal with General Motors broadens Micron’s customer base and supports demand visibility beyond AI data centers. General Motors Secures Micron Deal For Future Software Defined Vehicles
• Neutral Sentiment: Micron’s $250 million Trump Accounts commitment is generating headlines, but it is unlikely to materially affect near-term earnings. Micron Technology Announces $250 Mln Investment In Trump Accounts
• Negative Sentiment: Broad selling in semiconductor and memory stocks, along with fears of future oversupply, is pressuring MU alongside peers like SanDisk and Seagate. Micron Stock Extends Decline Despite Trump’s Praise and Bullish Analyst Views
• Negative Sentiment: Michael Burry’s new short position against Micron added a high-profile bearish catalyst and may be fueling caution around the stock. Michael Burry Says He Shorted Micron Technology

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Wells Fargo & Company upped their price objective on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. Needham & Company LLC lifted their target price on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, KeyCorp boosted their target price on shares of Micron Technology from $600.00 to $1,600.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $1,263.76.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $975.56 on Monday. The company has a market capitalization of $1.10 trillion, a P/E ratio of 22.09 and a beta of 2.14. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The business’s 50 day simple moving average is $876.93 and its 200 day simple moving average is $554.99.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating 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 return on equity of 71.13% and a net margin of 55.91%.The company’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts anticipate that Micron Technology, Inc. will post 72.94 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling

In related news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the sale, the director owned 17,728 shares in the company, valued at $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 147,300 shares of company stock worth $119,422,004 in the last ninety days. 0.24% of the stock is owned by company insiders.

Micron Technology 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.