Ruffer LLP Makes New Investment in Micron Technology, Inc. $MU

Ruffer LLP bought a new stake in Micron Technology, Inc. (NASDAQ:MU) in the 3rd quarter, Holdings Channel.com reports. The fund bought 25,664 shares of the semiconductor manufacturer’s stock, valued at approximately $4,294,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Micron Technology in the second quarter valued at approximately $1,980,700,000. Slate Path Capital LP purchased a new position in shares of Micron Technology in the 2nd quarter valued at about $317,751,000. Vanguard Group Inc. increased its stake in shares of Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after buying an additional 1,973,294 shares during the period. State Street Corp grew its holdings in Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after acquiring an additional 1,349,713 shares in the last quarter. Finally, Orbis Allan Gray Ltd raised its holdings in shares of Micron Technology by 50.2% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,457,726 shares of the semiconductor manufacturer’s stock valued at $426,165,000 after purchasing an additional 1,156,086 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This trade represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of Micron Technology stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the transaction, the chief accounting officer owned 38,237 shares in the company, valued at $12,904,987.50. The trade was a 4.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 61,123 shares valued at $19,547,151. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MU shares. Susquehanna upped their price objective on Micron Technology from $200.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, December 8th. William Blair initiated coverage on shares of Micron Technology in a report on Thursday, January 22nd. They set an “outperform” rating on the stock. KeyCorp increased their target price on shares of Micron Technology from $325.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Bank of America boosted their price target on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research report on Monday, October 13th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $349.76.

Micron Technology Trading Up 6.1%

Shares of MU stock opened at $435.28 on Thursday. The stock has a market cap of $489.91 billion, a P/E ratio of 41.38 and a beta of 1.50. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $438.94. The business has a fifty day simple moving average of $292.48 and a 200-day simple moving average of $207.46. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $1.01. The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were issued a $0.115 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.46 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is 4.37%.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron broke ground on a new advanced wafer fab in Singapore — a planned ~$24 billion investment over 10 years to add NAND/advanced memory capacity, signaling management’s conviction in persistent AI and data-center demand and supporting a multi-year growth runway. Micron (MU) Expands Manufacturing Footprint as AI Drives Long-Term Memory Demand
• Positive Sentiment: Analyst upgrades and higher price targets (including a Mizuho raise to $480) and coverage notes helped lift sentiment — headlines cite upgrades and the stock hitting new 12?month highs after those analyst moves. Upgrades reinforce upside expectations and likely drove buying. Micron Technology Reaches New 12-Month High Following Analyst Upgrade
• Positive Sentiment: Industry commentary and investor notes point to AI-driven memory tightness and margin expansion — multiple pieces highlight robust HBM/NAND demand, improving margins and revenue tailwinds that support higher earnings forecasts. This underpins the bullish narrative for MU. AI-Driven Demand Supports Micron Technology’s (MU) Margin Expansion
• Neutral Sentiment: Positive media/analyst pieces and lists (investor guides, “top AI chip stocks” features) continue to promote MU as a buy — helpful for sentiment but incremental vs. company-level catalysts. Top AI Stock Performers of 2025 That Could Soar Higher in 2026
• Negative Sentiment: Unusual put-option activity: elevated buying of out?of?the?money puts after MU’s rapid run suggests some market participants are hedging or speculating on a pullback, which can add short-term downside pressure or increase volatility. Unusual Put Options Activity In Micron Technology After MU Stock Doubles In 2 Months
• Negative Sentiment: Insider activity: a reported sale of 26,623 shares by Manish Bhatia could be interpreted as opportunistic profit-taking; insider sales sometimes temper sentiment even when the company outlook is strong. Manish Bhatia Sells 26,623 Shares of Micron Technology
• Negative Sentiment: Critical/contrarian views: some analysts/commentators warn of a cyclical bust risk after a sharp rally, reminding investors that memory markets are cyclical and that rapid multiple expansion can reverse. Micron: …At $400, It’s Time To Sell Before A Potential Bust Cycle

Micron Technology Company Profile

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.