Micron Technology, Inc. $MU Shares Sold by Cim Investment Management Inc.

Cim Investment Management Inc. lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 39.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,717 shares of the semiconductor manufacturer’s stock after selling 8,954 shares during the quarter. Micron Technology accounts for approximately 3.7% of Cim Investment Management Inc.’s holdings, making the stock its 4th largest holding. Cim Investment Management Inc.’s holdings in Micron Technology were worth $15,833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd increased its stake in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new position in Micron Technology in the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE lifted its stake in Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after buying an additional 2,136,470 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Micron Technology by 1.6% in the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after buying an additional 155,073 shares during the period. Finally, Legal & General Group Plc acquired a new position in shares of Micron Technology in the second quarter valued at approximately $8,402,393,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology News Roundup

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

• Positive Sentiment: Potential earnings beat and stronger shareholder returns: JPMorgan believes Micron is positioned for a “beat and raise,” supported by tight DRAM and HBM supply, rising prices and strong data-center demand. The firm also expects Micron could increase its dividend and stock buybacks, adding another potential catalyst. JPMorgan Sees Micron Positioned for Beat-and-Raise Ahead of Q4 Results
• Positive Sentiment: AI memory demand remains robust: Analysts point to accelerating DRAM and NAND pricing, constrained HBM4 supply, expanding data-center spending and long-term customer agreements as factors that could support revenue, margins and cash flow. Several firms have raised price targets, including Baird at $1,520 and JPMorgan at $1,540. Micron poised for upside as memory prices climb
• Neutral Sentiment: Earnings volatility is expected: Options markets imply a roughly 9%–10% move around the report, and investors are likely to focus more on fiscal 2027 guidance, memory pricing and supply conditions than on the quarter’s headline results. The stock’s large prior rally has created exceptionally high expectations. How Much Traders Expect Micron Stock to Move After Earnings
• Negative Sentiment: Key risks remain: A bearish analysis warns that increasing non-HBM DRAM supply from China and slowing spot and contract prices could pressure margins outside AI markets. Netlist has also sought a U.S. import ban on Micron chips used in AI-computing products, creating a legal and trade risk. Netlist seeks U.S. import ban on Micron chips

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This trade represents 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 90 days, insiders sold 135,879 shares of company stock worth $134,297,066. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MU shares. Argus dropped their price objective on shares of Micron Technology from $1,500.00 to $540.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. BNP Paribas Exane increased their target price on Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Barclays lifted their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Wolfe Research set a $1,500.00 price target on Micron Technology in a report on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology and gave the stock an “outperform” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,348.03.

Micron Technology Stock Up 1.1%

Shares of Micron Technology stock traded up $11.10 during trading hours on Tuesday, reaching $1,065.08. 19,368,340 shares of the company’s stock were exchanged, compared to its average volume of 42,000,906. The stock has a market cap of $1.20 trillion, a P/E ratio of 24.11, a P/E/G ratio of 0.68 and a beta of 2.22. The company has a 50 day moving average of $948.75 and a two-hundred day moving average of $804.96. 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 fifty-two week low of $163.96 and a fifty-two week high of $1,255.00.

Micron Technology Company Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.