Envestnet Asset Management Inc. Buys 96,472 Shares of Micron Technology, Inc. $MU

Envestnet Asset Management Inc. raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 14.6% in the second quarter, HoldingsChannel.com reports. The firm owned 756,236 shares of the semiconductor manufacturer’s stock after purchasing an additional 96,472 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Micron Technology were worth $872,906,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners raised its stake in Micron Technology by 12.3% during the second quarter. Silicon Valley Capital Partners now owns 7,387 shares of the semiconductor manufacturer’s stock worth $8,527,000 after buying an additional 809 shares during the last quarter. Wellington Altus USA Inc. boosted its position in Micron Technology by 497.7% during the second quarter. Wellington Altus USA Inc. now owns 2,116 shares of the semiconductor manufacturer’s stock valued at $2,442,000 after acquiring an additional 1,762 shares during the last quarter. IKE Capital LLC acquired a new stake in Micron Technology during the 2nd quarter worth about $629,000. Anchor Investment Management LLC grew its holdings in Micron Technology by 2.0% during the 2nd quarter. Anchor Investment Management LLC now owns 12,303 shares of the semiconductor manufacturer’s stock worth $14,201,000 after acquiring an additional 243 shares during the period. Finally, Reynders McVeigh Capital Management LLC bought a new position in shares of Micron Technology in the 2nd quarter worth about $439,000. Institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 177,204 shares of company stock valued at $182,156,264. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MU. Mizuho dropped their price objective on Micron Technology from $1,375.00 to $1,300.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Raymond James Financial lifted their target price on Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. UBS Group reissued a “buy” rating on shares of Micron Technology in a research note on Wednesday. Finally, Morgan Stanley increased their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus target price of $1,296.47.

More Micron Technology News

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

• Positive Sentiment: Citi raised its price target to $1,300 from $1,150 and maintained a Buy rating, citing stronger DRAM pricing, industry undersupply and sustained AI demand. The firm expects favorable memory conditions to continue into 2027. Micron Technology Target Lifted by Citi
• Positive Sentiment: UBS and Bank of America remain bullish, pointing to robust data-center demand, improving pricing, long-term contracts and potential shareholder returns. UBS said a chip shortage could deepen into 2027, while BofA is watching whether Micron can sustain gross margins near the mid-80% range. Analyst Views on Micron
• Positive Sentiment: Micron’s September 30 fiscal fourth-quarter earnings report is a major near-term catalyst. Analysts expect strong revenue, earnings and pricing commentary, with investors focused on demand visibility, margins and the duration of memory tightness.
• Neutral Sentiment: The memory trade has become a battleground. The broader semiconductor sector pulled back after a six-session advance, while Wells Fargo lowered its target and Citi raised its forecast. This reflects profit-taking and uncertainty over how much optimism is already priced into Micron after its substantial run. Micron Stock Becomes a Battleground
• Negative Sentiment: Michael Burry expanded his short position in Micron, warning that rising semiconductor production could ease supply constraints and pressure memory prices. China’s CXMT also announced a denser mobile DRAM product, raising longer-term competition concerns, although it reportedly lacks Micron’s comparable yields, HBM capabilities and global customer base. Michael Burry Expands Short Bets

Micron Technology Stock Down 2.2%

Shares of MU traded down $24.28 during trading hours on Wednesday, hitting $1,071.88. The stock had a trading volume of 21,446,532 shares, compared to its average volume of 42,458,512. 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 firm has a 50 day simple moving average of $932.42 and a 200-day simple moving average of $785.75. The firm has a market capitalization of $1.21 trillion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 0.66 and a beta of 2.22. Micron Technology, Inc. has a 1-year low of $154.65 and a 1-year high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results 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 the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.91 EPS. Sell-side analysts predict that Micron Technology, Inc. will post 72.99 EPS for the current fiscal year.

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.