River Road Asset Management LLC Has $9.26 Million Stock Holdings in Micron Technology, Inc. $MU

River Road Asset Management LLC cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 44.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,018 shares of the semiconductor manufacturer’s stock after selling 6,476 shares during the period. River Road Asset Management LLC’s holdings in Micron Technology were worth $9,255,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MU. M.E. Allison & CO. Inc. boosted its holdings in Micron Technology by 0.8% in the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after acquiring an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC grew its holdings in Micron Technology by 1.4% during the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after purchasing an additional 13 shares during the period. Red Door Wealth Management LLC grew its holdings in shares of Micron Technology by 0.7% in the 2nd 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. Signature Equity Partners LLC grew its stake in Micron Technology by 6.3% in the first quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer’s stock valued at $86,000 after acquiring an additional 15 shares during the period. Finally, Clearwater Capital Advisors LLC increased its stake in Micron Technology by 1.1% during the 1st quarter. Clearwater Capital Advisors LLC now owns 1,617 shares of the semiconductor manufacturer’s stock worth $546,000 after purchasing an additional 18 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron’s long-term AI opportunity remains a key bullish argument. Demand for high-bandwidth memory (HBM) used in AI data centers is absorbing significant wafer capacity, while Micron’s 2026 HBM output is reportedly fully allocated under long-term agreements. Uncle Sam’s Chip Trick: How the Government Built a Silicon Moat
• Positive Sentiment: U.S. efforts to discourage technology companies from purchasing memory from Chinese suppliers could reduce competition and strengthen Micron’s pricing power with domestic and allied customers. Micron’s planned U.S. manufacturing investments may benefit from this policy environment. Micron shares rise as White House pushes Apple away from Chinese memory chips
• Positive Sentiment: Bank of America reiterated a Buy rating and a $1,550 price target, arguing that concerns about a peak in the memory cycle are overblown and forecasting substantial long-term earnings growth. Analyst issues new Micron stock price target
• Neutral Sentiment: Micron’s recent quarterly results were exceptionally strong, with revenue up sharply year over year and earnings above consensus. However, the stock’s large advance has raised expectations and increased sensitivity to any signs of slowing demand or valuation concerns.
• Negative Sentiment: Higher Treasury yields are pressuring high-growth technology valuations and raising the financing cost of AI infrastructure. Investors also rotated out of heavily extended AI winners after Monday’s rally. AI chip stocks were riding high. Here’s why Micron and others are now pulling back
• Negative Sentiment: A report suggesting NVIDIA may use less memory in a future Rubin Ultra system raised concerns about the durability of Micron’s HBM growth. Separately, Appaloosa reportedly reduced its Micron position by 41% in the second quarter, adding to profit-taking concerns. Nvidia Is Cutting Rubin Ultra’s Memory

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 37,439 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the completion of the transaction, the chief executive officer owned 387,064 shares in the company, valued at $371,728,524.32. This trade represents a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 162,179 shares of company stock valued at $167,811,861 over the last three months. 0.24% of the stock is owned by insiders.

Micron Technology Trading Down 7.0%

Shares of Micron Technology stock opened at $941.15 on Wednesday. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 1 year low of $113.46 and a 1 year high of $1,255.00. The firm has a market capitalization of $1.06 trillion, a PE ratio of 21.31 and a beta of 2.19. The firm’s 50 day moving average is $966.84 and its 200 day moving average is $686.90.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business 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. 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 dividend payout ratio is presently 1.36%.

Analyst Ratings Changes

A number of equities analysts have issued reports on MU shares. TD Cowen reiterated a “buy” rating on shares of Micron Technology in a report on Friday, July 10th. New Street Research raised shares of Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price target on the stock in a research report on Friday, August 14th. Citigroup dropped their price objective on Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. Finally, Needham & Company LLC raised their price target on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,259.97.

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.