State Street Corp Has $57.80 Billion Stock Holdings in Micron Technology, Inc. $MU

State Street Corp cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.1% during the second quarter, Holdings Channel reports. The fund owned 50,075,870 shares of the semiconductor manufacturer’s stock after selling 2,163,613 shares during the quarter. Micron Technology comprises about 1.2% of State Street Corp’s holdings, making the stock its 10th biggest holding. State Street Corp’s holdings in Micron Technology were worth $57,802,076,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bullseye Investment Management LLC bought a new stake in shares of Micron Technology during the second quarter worth approximately $27,000. Montgomery Financial Services LLC acquired a new stake in Micron Technology during the 2nd quarter worth approximately $38,000. JNBA Financial Advisors boosted its stake in Micron Technology by 77.3% in the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock valued at $45,000 after purchasing an additional 17 shares during the period. Ramsey Quantitative Systems bought a new stake in Micron Technology in the 2nd quarter valued at $46,000. Finally, RHL Group LLC bought a new stake in shares of Micron Technology in the second quarter valued at about $47,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,204 shares of company stock worth $182,156,264 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MU. Bank of America increased their price target on Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Mizuho lowered their price target on shares of Micron Technology from $1,375.00 to $1,300.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. TD Cowen reaffirmed a “buy” rating on shares of Micron Technology in a research note on Wednesday, September 16th. Citigroup cut their target price on shares of Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Barclays boosted their target price on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a report 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $1,295.63.

Micron Technology Stock Up 3.5%

NASDAQ:MU traded up $36.77 during trading hours on Tuesday, reaching $1,080.73. The company had a trading volume of 16,527,434 shares, compared to its average volume of 42,501,480. Micron Technology, Inc. has a twelve month low of $154.65 and a twelve month high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.22 trillion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 0.64 and a beta of 2.22. The business’s 50-day simple moving average is $930.16 and its two-hundred day simple moving average is $780.85.

Micron Technology (NASDAQ:MU) last issued its 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. The business had revenue of $41.46 billion during 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 firm’s revenue was up 345.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities analysts expect that Micron Technology, Inc. will post 72.98 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were given a dividend of $0.15 per share. 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 dividend payout ratio is presently 1.36%.

Micron Technology News Roundup

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

• Positive Sentiment: AI memory demand remains the key catalyst. Reports say Micron’s high-bandwidth memory (HBM) capacity is sold out through 2027, while data-center customers continue seeking additional supply. Strategic supply agreements and industry-wide shortages could support pricing, margins and earnings. HBM Sold Out Through 2027
• Positive Sentiment: Analysts are raising expectations ahead of earnings. Stifel maintained a Buy rating and a $1,500 price target, while another bullish estimate places fair value as high as $2,050. Erste Group also modestly increased its FY2026 EPS forecast to $72.34, close to the $72.98 consensus. Options markets imply a potentially sizable move following the report. Analysts Revise Forecasts Ahead of Earnings
• Positive Sentiment: Recent operating momentum is strong. Micron’s latest reported quarter substantially exceeded analyst expectations, with revenue rising sharply year over year and EPS reaching $25.11. Investors are also responding positively to new advanced-memory products and expectations for another, potentially smaller, earnings beat.
• Neutral Sentiment: Valuation and the earnings event raise the stakes. MU has gained more than 500% over the past year and trades near its historical high range. While bullish analysts argue traditional memory-cycle valuation metrics understate its AI opportunity, the September 30 report is likely to determine whether the rally can continue. Micron Stock Options Signal a Move
• Negative Sentiment: China is emerging as a longer-term competitive risk. ChangXin Memory Technologies (CXMT) says it has begun mass production of a newer DRAM platform with improved manufacturing economics. If Chinese capacity scales successfully, it could eventually pressure Micron’s pricing, market share and margins.
• Negative Sentiment: Labor tensions add a near-term uncertainty. Employees at one Micron memory-chip plant are seeking a larger share of the company’s substantial profits, creating a potential operational or cost risk after the stock’s dramatic advance. Micron Stock Faces Crisis at Memory-Chip Plant

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.