Saturna Capital Corp Increases Holdings in Micron Technology, Inc. $MU

Saturna Capital Corp raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 83.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,778 shares of the semiconductor manufacturer’s stock after acquiring an additional 810 shares during the quarter. Saturna Capital Corp’s holdings in Micron Technology were worth $601,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Telligent Fund LP acquired a new stake in shares of Micron Technology during the 1st quarter worth about $4,054,000. Himension Capital Singapore PTE. LTD. increased its stake in Micron Technology by 3.5% in the first quarter. Himension Capital Singapore PTE. LTD. now owns 50,176 shares of the semiconductor manufacturer’s stock valued at $16,951,000 after purchasing an additional 1,697 shares during the last quarter. Temasek Holdings Private Ltd acquired a new stake in Micron Technology during the first quarter worth approximately $22,591,000. Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Micron Technology during the 1st quarter worth approximately $17,474,000. Finally, Bellwether Advisors LLC purchased a new stake in shares of Micron Technology during the 1st quarter worth approximately $1,648,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

Micron Technology stock opened at $970.82 on Wednesday. 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 has a 50 day simple moving average of $954.95 and a 200-day simple moving average of $610.96. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,255.00. The stock has a market capitalization of $1.10 trillion, a PE ratio of 21.98 and a beta of 2.14.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data 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. The firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s quarterly revenue was up 345.8% on a year-over-year basis. During the same period last year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the transaction, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lynn A. Dugle sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 163,300 shares of company stock valued at $152,667,204. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Stifel Nicolaus lifted their target price on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a report on Monday. Finally, TD Cowen reissued a “buy” rating on shares of Micron Technology in a report on Friday, July 10th. Four research 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 stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus target price of $1,268.93.

Micron Technology News Roundup

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

• Positive Sentiment: Micron is benefiting from a broad rebound in memory stocks, with SanDisk, SK Hynix, and Western Digital also bouncing as investors bet the recent slump was overdone. MU, SNDK, SKHY: Memory Stocks Rip Higher as Key Names Lead a Buy-the-Dip Comeback
• Positive Sentiment: Bank of America’s bullish take that low-cost AI models could increase memory demand helped revive sentiment around Micron and other chip stocks. Micron stock jumps 12%: what is driving the memory stock today
• Positive Sentiment: Multiple notes highlighted that the recent memory-stock selloff may have created an attractive entry point, with analysts saying data-center shortages and AI spending should keep demand firm. Why Micron and other chip stocks are bouncing back so strongly
• Positive Sentiment: Wall Street commentary remained constructive, with reports that Micron was added to “best investment ideas” lists and that analysts still see strong profitability from the AI memory cycle. NVIDIA Isn’t Leading AI Stocks in 2026 – These 2 Are Up Over 180%
• Neutral Sentiment: Some coverage also noted that traders are watching upcoming Big Tech earnings for clues on AI infrastructure spending, which could either extend the rally or cool it off. Micron and SK Hynix Stocks Jump. Watch for This Memory-Related Catalyst.
• Negative Sentiment: A few articles warned that valuations may already reflect a lot of the AI boom, and that customers could eventually push back against soaring memory costs, creating a risk of more volatility. Micron and SK Hynix Stocks Jump. Watch for This Memory-Related Catalyst.

About Micron Technology

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.