Channing Global Advisors LLC Reduces Stock Holdings in Micron Technology, Inc. $MU

Channing Global Advisors LLC trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 24.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,638 shares of the semiconductor manufacturer’s stock after selling 4,163 shares during the period. Micron Technology accounts for approximately 2.5% of Channing Global Advisors LLC’s portfolio, making the stock its 11th largest holding. Channing Global Advisors LLC’s holdings in Micron Technology were worth $4,270,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Capital Advisors Ltd. LLC increased its stake in shares of Micron Technology by 10.3% in the first quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer’s stock worth $83,000 after buying an additional 23 shares during the period. Manning & Napier Advisors LLC raised its holdings in Micron Technology by 2.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock worth $301,000 after purchasing an additional 24 shares in the last quarter. SWAN Capital LLC lifted its holdings in Micron Technology by 9.7% in the fourth quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock worth $77,000 after buying an additional 24 shares during the period. Vivaldi Capital Management LP boosted its position in shares of Micron Technology by 1.2% during the fourth quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock valued at $561,000 after purchasing an additional 24 shares in the last quarter. Finally, Essex Bank grew its stake in Micron Technology by 2.0% in the first quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer’s stock worth $423,000 after purchasing an additional 24 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Micron announced plans to invest up to $3 billion to strengthen the U.S. semiconductor supply chain, including a $500 million financing package for GlobalWafers and a 10-year supply agreement that should improve supply security and support future production capacity. Article Title
• Positive Sentiment: The company also highlighted a much larger long-term U.S. expansion plan, raising its domestic investment commitment to more than $250 billion through 2035 and advancing construction at its New York fab, reinforcing confidence in future supply and demand. Article Title
• Positive Sentiment: Several reports say Micron is benefiting from strong AI-driven memory demand, with CEO Sanjay Mehrotra describing “unprecedented” demand and analysts pointing to tighter DRAM/NAND supply and upbeat earnings guidance as reasons investors are bidding the stock up. Article Title
• Positive Sentiment: After a recent memory-chip selloff, Micron and other chip names are rebounding as investors rotate back into AI hardware, with analyst commentary and peer strength helping sentiment improve across the sector. Article Title

Micron Technology Stock Up 4.5%

Shares of NASDAQ MU opened at $991.64 on Friday. The firm has a 50-day simple moving average of $914.06 and a two-hundred day simple moving average of $575.35. The company has a market cap of $1.12 trillion, a P/E ratio of 22.45 and a beta of 2.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its 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 analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business’s revenue was up 345.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts anticipate that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, July 6th. Micron Technology’s payout ratio is presently 1.36%.

Insider Buying and Selling at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. This represents a 31.81% 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 have sold 163,300 shares of company stock worth $152,667,204. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on MU shares. Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a research note on Monday, June 22nd. The Goldman Sachs Group boosted their target price on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. DA Davidson raised their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Finally, Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a report on Thursday, June 25th. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Micron Technology currently has an average rating of “Buy” and an average target price of $1,263.76.

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.