Thornburg Investment Management Inc. Purchases 6,668 Shares of Micron Technology, Inc. $MU

Thornburg Investment Management Inc. lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 27.1% in the second quarter, HoldingsChannel.com reports. The fund owned 31,289 shares of the semiconductor manufacturer’s stock after acquiring an additional 6,668 shares during the period. Thornburg Investment Management Inc.’s holdings in Micron Technology were worth $36,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. M.E. Allison & CO. Inc. increased its position in shares of Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after purchasing an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC raised its stake in shares of Micron Technology by 1.4% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock worth $1,122,000 after purchasing an additional 13 shares during the period. Bellevue Asset Management LLC boosted its holdings in shares of Micron Technology by 25.5% in the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock worth $74,000 after buying an additional 13 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its position in Micron Technology by 8.8% during the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock valued at $186,000 after buying an additional 13 shares during the period. Finally, Red Door Wealth Management LLC grew its position in Micron Technology by 0.7% during the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock valued at $2,209,000 after buying an additional 14 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Lynn Dugle sold 1,300 shares of the stock in a transaction on 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. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Scott Allen sold 879 shares of Micron Technology 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 transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 177,204 shares of company stock worth $182,156,264. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, June 25th. Morgan Stanley raised their price target on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Finally, KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,295.63.

Micron Technology Price Performance

NASDAQ MU opened at $1,000.26 on Wednesday. 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 $1.13 trillion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 0.64 and a beta of 2.22. Micron Technology, Inc. has a 52 week low of $131.56 and a 52 week high of $1,255.00. The firm’s 50-day simple moving average is $929.50 and its two-hundred day simple moving average is $745.20.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share 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 firm 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 company earned $1.91 earnings per share. The company’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. Research analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were 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 was Monday, July 6th. Micron Technology’s payout ratio is currently 1.36%.

More Micron Technology News

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

• Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data
• Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk
• Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom
• Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000
• Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now
• Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat

About Micron Technology

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.