Primecap Management Co. CA Sells 1,810,441 Shares of Micron Technology, Inc. $MU

Primecap Management Co. CA decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,655,435 shares of the semiconductor manufacturer’s stock after selling 1,810,441 shares during the period. Micron Technology makes up about 3.8% of Primecap Management Co. CA’s portfolio, making the stock its 2nd biggest position. Primecap Management Co. CA owned about 2.64% of Micron Technology worth $4,961,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Orleans Capital Management Corp LA acquired a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $256,000. iA Global Asset Management Inc. increased its position in Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock worth $24,578,000 after purchasing an additional 23,117 shares in the last quarter. Cary Street Partners Financial LLC lifted its stake in Micron Technology by 25.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock valued at $3,221,000 after purchasing an additional 5,233 shares during the last quarter. Wealthspire Advisors LLC boosted its position in Micron Technology by 27.8% in the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after buying an additional 3,208 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in Micron Technology by 9.8% in the third quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock valued at $15,962,000 after buying an additional 8,489 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

MU stock opened at $429.00 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The firm has a market cap of $482.84 billion, a price-to-earnings ratio of 40.78 and a beta of 1.52. The company’s fifty day simple moving average is $362.73 and its 200 day simple moving average is $249.11. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $455.50.

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

Micron Technology Announces Dividend

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

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Analyst comparison argues Micron is the superior AI memory pick thanks to booming HBM demand and tight supply that boosts pricing power and margins. This supports optimism for sustained revenue/margin gains. Micron vs. Oracle: One AI Stock Is a Clear Buy Right Now
• Positive Sentiment: Micron announced a massive U.S. buildout (~US$200B headline) to expand capacity for AI memory—moves that should secure long‑term share in HBM markets and underpin revenue growth as hyperscalers scale. Micron Ramps US$200b US Buildout As AI Demand Tests Valuation
• Positive Sentiment: Bullish market commentary and analyses (MarketBeat, Forbes, 247WallSt) highlight Micron’s momentum, HBM leadership, and room for further upside despite big YTD gains—driving investor FOMO into the AI memory trade. Forget Nvidia: Micron Is Up 330% in a Year and Still Looks Cheap
• Positive Sentiment: TD Cowen and other brokers have raised long‑run EPS/earnings scenarios (TD Cowen’s $60 EPS call cited), reinforcing a growth narrative and supporting higher analyst targets. What TD Cowen’s $60 EPS Call Means for Micron Technology (MU)
• Neutral Sentiment: Micron set its fiscal Q2 earnings date for March 18; that event is the next major catalyst and could produce volatility if guidance or demand commentary differs from bullish expectations. Micron Technology to Report Fiscal Second Quarter Results on March 18, 2026
• Neutral Sentiment: Market chatter includes stock‑split speculation and questions about whether to lock profits after large gains—these are sentiment drivers but not fundamental changes. Will Micron Technology Stock Split?
• Negative Sentiment: Several pieces note valuation is being tested—large capex and a rich multiple mean disappointment on guidance or slower HBM adoption could trigger a sharp pullback. Micron Ramps US$200b US Buildout As AI Demand Tests Valuation

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Manish H. Bhatia sold 26,623 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the transaction, the executive vice president directly owned 323,486 shares in the company, valued at approximately $126,495,965.44. This represents a 7.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven J. Gomo sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the sale, the director directly owned 19,139 shares of the company’s stock, valued at approximately $5,045,614.57. This trade represents a 20.71% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. 0.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MU has been the subject of several research analyst reports. Barclays upped their price target on shares of Micron Technology from $275.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Sanford C. Bernstein upped their target price on Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. JPMorgan Chase & Co. lifted their price target on Micron Technology from $220.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. UBS Group upped their price objective on Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, Mizuho raised their price objective on shares of Micron Technology from $390.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $358.38.

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.