McAlister Sweet & Associates Inc. Buys 565 Shares of Micron Technology, Inc. $MU

McAlister Sweet & Associates Inc. grew its stake in Micron Technology, Inc. (NASDAQ:MU) by 37.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,081 shares of the semiconductor manufacturer’s stock after buying an additional 565 shares during the quarter. Micron Technology accounts for 1.3% of McAlister Sweet & Associates Inc.’s holdings, making the stock its 15th biggest position. McAlister Sweet & Associates Inc.’s holdings in Micron Technology were worth $2,402,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MU. Breachway Investments LLC acquired a new stake in shares of Micron Technology during the second quarter worth $260,000. Generali Investments CEE investicni spolecnost a.s. boosted its stake in Micron Technology by 44.7% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 10,223 shares of the semiconductor manufacturer’s stock worth $11,800,000 after purchasing an additional 3,157 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in Micron Technology in the 2nd quarter worth $260,000. Godsey & Gibb Inc. increased its holdings in Micron Technology by 3.4% during the 2nd quarter. Godsey & Gibb Inc. now owns 1,998 shares of the semiconductor manufacturer’s stock worth $2,306,000 after purchasing an additional 65 shares in the last quarter. Finally, Perennial Advisors LLC bought a new position in Micron Technology during the 2nd quarter worth about $317,000. Institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In related news, Director Lynn A. Dugle sold 1,300 shares of the business’s 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 completion of the sale, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the sale, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. The trade was 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 quarter, insiders have sold 162,179 shares of company stock worth $167,811,861. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on MU shares. Wells Fargo & Company boosted their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Needham & Company LLC increased their price objective on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. TD Cowen reiterated a “buy” rating on shares of Micron Technology in a report on Friday, July 10th. The Goldman Sachs Group lifted their target price on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Finally, Raymond James Financial boosted their target price on Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $1,260.31.

Micron Technology Trading Up 4.9%

Shares of NASDAQ:MU opened at $911.29 on Thursday. Micron Technology, Inc. has a 52-week low of $113.46 and a 52-week high of $1,255.00. The company has a market capitalization of $1.03 trillion, a P/E ratio of 20.63 and a beta of 2.18. The company has a 50-day simple moving average of $964.26 and a 200 day simple moving average of $671.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the prior year, the business earned $1.91 EPS. Micron Technology’s quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s payout ratio is presently 1.36%.

Micron Technology News Summary

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

• Positive Sentiment: AI infrastructure spending boosted semiconductor sentiment. Strong earnings and forecasts from CoreWeave and Super Micro Computer reassured investors that hyperscaler and data-center capital expenditures remain robust, supporting demand for Micron’s high-bandwidth memory and other products. AI infrastructure stocks surge after strong earnings from CoreWeave, Supermicro
• Positive Sentiment: Memory shortages and multi-year demand visibility remain bullish. Reports highlighted constrained DRAM and high-bandwidth memory supply, with demand reportedly extending through 2027. Micron’s take-or-pay and strategic customer agreements could lock in volumes, improve revenue visibility and reduce some of the industry’s historical cyclicality. Can Micron’s Take-or-Pay Deals Improve Revenue Growth Visibility?
• Positive Sentiment: Recent financial performance supports the rally. Micron’s fiscal third-quarter revenue rose roughly 346% year over year to about $41.5 billion, while gross margin reached approximately 85%. Analysts and investors cited the earnings surge, elevated pricing and potential benefits from AI, advanced computing and robotics as reasons for continued optimism.
• Neutral Sentiment: Profitability may be peaking in the near term. Although record margins are a major catalyst, some new customer contracts reportedly cap pricing. That could limit further margin expansion if memory prices continue rising, even as contracted demand supports revenue growth. Micron Set A Margin Record On Prices It Has Agreed To Cap
• Negative Sentiment: Netlist initiated new patent litigation against Micron. The action at the U.S. International Trade Commission creates potential legal costs, disruption or restrictions involving products alleged to infringe Netlist patents. The financial impact is uncertain, but the filing adds an overhang to the otherwise bullish narrative. Micron Technology Faces New Legal Action Over Alleged Infringement of Netlist Patents
• Negative Sentiment: Insider selling and cyclical concerns temper enthusiasm. Reported insider activity showed sales without purchases over the past six months, while critics warn that expectations for AI-driven growth and margins may already be extremely high.

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.