Micron Technology, Inc. $MU Shares Purchased by Saturna Capital Corp

Saturna Capital Corp increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 83.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,778 shares of the semiconductor manufacturer’s stock after purchasing an additional 810 shares during the period. Saturna Capital Corp’s holdings in Micron Technology were worth $601,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Telligent Fund LP purchased a new stake in Micron Technology in the first quarter valued at approximately $4,054,000. Himension Capital Singapore PTE. LTD. boosted its position in shares of Micron Technology by 3.5% during the first quarter. Himension Capital Singapore PTE. LTD. now owns 50,176 shares of the semiconductor manufacturer’s stock worth $16,951,000 after buying an additional 1,697 shares during the period. Temasek Holdings Private Ltd purchased a new position in shares of Micron Technology during the first quarter worth $22,591,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Micron Technology during the first quarter worth $17,474,000. Finally, Bellwether Advisors LLC acquired a new stake in shares of Micron Technology in the first quarter valued at $1,648,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Ratings Changes

MU has been the topic of several research analyst reports. DA Davidson boosted their price objective on Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 target price on Micron Technology in a report on Monday, June 22nd. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. 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, Stifel Nicolaus boosted their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $1,268.93.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron is benefiting from a broad rebound in memory stocks, with SanDisk, SK Hynix, and Western Digital also bouncing as investors bet the recent slump was overdone. MU, SNDK, SKHY: Memory Stocks Rip Higher as Key Names Lead a Buy-the-Dip Comeback
• Positive Sentiment: Bank of America’s bullish take that low-cost AI models could increase memory demand helped revive sentiment around Micron and other chip stocks. Micron stock jumps 12%: what is driving the memory stock today
• Positive Sentiment: Multiple notes highlighted that the recent memory-stock selloff may have created an attractive entry point, with analysts saying data-center shortages and AI spending should keep demand firm. Why Micron and other chip stocks are bouncing back so strongly
• Positive Sentiment: Wall Street commentary remained constructive, with reports that Micron was added to “best investment ideas” lists and that analysts still see strong profitability from the AI memory cycle. NVIDIA Isn’t Leading AI Stocks in 2026 – These 2 Are Up Over 180%
• Neutral Sentiment: Some coverage also noted that traders are watching upcoming Big Tech earnings for clues on AI infrastructure spending, which could either extend the rally or cool it off. Micron and SK Hynix Stocks Jump. Watch for This Memory-Related Catalyst.
• Negative Sentiment: A few articles warned that valuations may already reflect a lot of the AI boom, and that customers could eventually push back against soaring memory costs, creating a risk of more volatility. Micron and SK Hynix Stocks Jump. Watch for This Memory-Related Catalyst.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the sale, the chief executive officer directly owned 424,503 shares in the company, valued at approximately $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s 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 sale, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 163,300 shares of company stock valued at $152,667,204. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Up 12.2%

Shares of NASDAQ MU opened at $970.82 on Wednesday. The stock has a market cap of $1.10 trillion, a P/E ratio of 21.98 and a beta of 2.14. 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 $103.38 and a 12-month high of $1,255.00. The business’s fifty day simple moving average is $954.95 and its 200-day simple moving average is $610.96.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the previous year, the firm posted $1.91 EPS. Micron Technology’s revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is currently 1.36%.

Micron Technology 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.