Chapin Davis Inc. Increases Holdings in Micron Technology, Inc. $MU

Chapin Davis Inc. lifted its stake in Micron Technology, Inc. (NASDAQ:MU) by 737.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 17,943 shares of the semiconductor manufacturer’s stock after purchasing an additional 15,800 shares during the quarter. Micron Technology comprises about 3.6% of Chapin Davis Inc.’s holdings, making the stock its 5th biggest position. Chapin Davis Inc.’s holdings in Micron Technology were worth $20,711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MU. Norges Bank purchased a new stake in shares of Micron Technology in the fourth quarter worth $6,433,456,000. AQR Capital Management LLC lifted its stake in shares of Micron Technology by 411.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after buying an additional 2,918,535 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Micron Technology by 1,340.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock worth $805,148,000 after buying an additional 2,625,169 shares during the period. Amundi boosted its holdings in Micron Technology by 65.0% in the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock worth $1,424,025,000 after buying an additional 1,965,319 shares during the period. Finally, Vanguard Group Inc. increased its stake in Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after buying an additional 1,954,644 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analysts Set New Price Targets

MU has been the topic of a number of recent analyst reports. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Mizuho upped their price objective on Micron Technology from $1,150.00 to $1,375.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Raymond James Financial increased their target price on 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. Wedbush lifted their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Finally, ThinkEquity reissued a “buy” rating on shares of Micron Technology in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $1,268.93.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Elon Musk said memory-chip demand is growing much faster than global production, implying that elevated pricing could persist for years. The comments reinforced the outlook for Micron’s high-bandwidth memory and other AI-related products. Micron Retreats From Earlier Gains After Musk Flagged Surging Memory Prices
• Positive Sentiment: Samsung’s warning that memory shortages may worsen in 2027 and continue through 2028 strengthened expectations for a prolonged supply-constrained cycle. Micron’s sold-out 2026 HBM capacity and customer commitments further support revenue visibility. Micron Has More to Gain Than Nvidia Has to Lose From Samsung’s 2028 Warning
• Positive Sentiment: Bank of America reiterated its Buy rating and $1,550 price target, calling the recent pullback an enhanced buying opportunity. The firm said cloud and AI-infrastructure demand remains solid and Micron’s pricing power is intact. Micron Pullback Seen as Buying Opportunity Amid Solid End-Demand
• Positive Sentiment: Micron’s latest quarterly results showed record revenue of about $41.5 billion, sharply higher year over year, with earnings and revenue exceeding analyst estimates. Strong forward guidance and a robust semiconductor earnings season are providing additional support.
• Neutral Sentiment: A broader semiconductor rally tied to renewed AI optimism helped lift MU and other chip stocks, although gains faded as investors reassessed risk across high-growth technology shares. Semiconductor Rally Powers S&P 500 to Fresh Record High
• Negative Sentiment: Investors remain concerned that elevated expectations for AI spending could lead to oversupply, weaker pricing or a sharper memory-stock correction. Chinese competition and Micron’s substantial retreat from its recent peak add to volatility.
• Negative Sentiment: Michael Burry’s reported short position in MU and extensive insider selling are weighing on sentiment, even though these signals do not necessarily reflect the company’s operating outlook. Micron Technology Stock Opinions on AI Demand and Short Warnings

Micron Technology Stock Up 0.1%

Shares of MU stock opened at $893.19 on Thursday. The company’s fifty day simple moving average is $977.73 and its two-hundred day simple moving average is $653.36. Micron Technology, Inc. has a 52 week low of $106.75 and a 52 week high of $1,255.00. The stock has a market cap of $1.01 trillion, a P/E ratio of 20.22 and a beta of 2.18. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

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, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same quarter last year, the business posted $1.91 earnings per share. The business’s quarterly revenue 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. Analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction that occurred on 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 $20,394,823.04. The trade was a 6.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 164,179 shares of company stock worth $169,385,921 over the last three months. 0.24% of the stock is owned by company insiders.

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.