Envestnet Portfolio Solutions Inc. Grows Stake in Micron Technology, Inc. $MU

Envestnet Portfolio Solutions Inc. raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 317.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,606 shares of the semiconductor manufacturer’s stock after purchasing an additional 30,119 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Micron Technology were worth $45,716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MU. Heritage Trust Co grew its holdings in shares of Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock valued at $4,289,000 after buying an additional 1,323 shares during the last quarter. Denali Advisors LLC purchased a new position in Micron Technology in the 2nd quarter worth $7,364,000. Castleark Management LLC purchased a new position in Micron Technology in the 1st quarter worth $3,709,000. Oppenheimer & Co. Inc. lifted its position in Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after acquiring an additional 6,702 shares during the period. Finally, Legacy Wealth Management LLC MS lifted its position in Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after acquiring an additional 1,499 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Citi raised its price target to $1,300 from $1,150 and maintained a Buy rating, citing stronger DRAM pricing, industry undersupply and sustained AI demand. The firm expects favorable memory conditions to continue into 2027. Micron Technology Target Lifted by Citi
• Positive Sentiment: UBS and Bank of America remain bullish, pointing to robust data-center demand, improving pricing, long-term contracts and potential shareholder returns. UBS said a chip shortage could deepen into 2027, while BofA is watching whether Micron can sustain gross margins near the mid-80% range. Analyst Views on Micron
• Positive Sentiment: Micron’s September 30 fiscal fourth-quarter earnings report is a major near-term catalyst. Analysts expect strong revenue, earnings and pricing commentary, with investors focused on demand visibility, margins and the duration of memory tightness.
• Neutral Sentiment: The memory trade has become a battleground. The broader semiconductor sector pulled back after a six-session advance, while Wells Fargo lowered its target and Citi raised its forecast. This reflects profit-taking and uncertainty over how much optimism is already priced into Micron after its substantial run. Micron Stock Becomes a Battleground
• Negative Sentiment: Michael Burry expanded his short position in Micron, warning that rising semiconductor production could ease supply constraints and pressure memory prices. China’s CXMT also announced a denser mobile DRAM product, raising longer-term competition concerns, although it reportedly lacks Micron’s comparable yields, HBM capabilities and global customer base. Michael Burry Expands Short Bets

Micron Technology Stock Performance

Shares of NASDAQ MU traded down $24.28 during trading on Wednesday, reaching $1,071.88. 21,446,532 shares of the company traded hands, compared to its average volume of 42,458,512. The stock has a market cap of $1.21 trillion, a P/E ratio of 24.27, a PEG ratio of 0.66 and a beta of 2.22. The firm’s fifty day simple moving average is $932.42 and its 200 day simple moving average is $785.75. 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 12-month low of $154.65 and a 12-month high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the prior year, the business earned $1.91 earnings per share. The company’s revenue was up 345.8% compared to the same quarter last year. As a group, research analysts anticipate that Micron Technology, Inc. will post 72.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Micron Technology

In other news, EVP April Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares of the company’s stock, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Wells Fargo & Company dropped their target price on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Citigroup increased their price target on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $1,296.47.

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.