Howard Capital Management Group LLC Invests $693,000 in Micron Technology, Inc. $MU

Howard Capital Management Group LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 600 shares of the semiconductor manufacturer’s stock, valued at approximately $693,000.

Several other large investors also recently added to or reduced their stakes in MU. Northeast Investment Management bought a new position in shares of Micron Technology during the 2nd quarter valued at approximately $323,000. Seelaus Asset Management LLC purchased a new stake in Micron Technology during the 2nd quarter valued at $214,000. Lifelong Wealth Advisors Inc. bought a new stake in Micron Technology in the second quarter worth $222,000. Capital Advisors Ltd. LLC boosted its stake in Micron Technology by 18.2% during the second quarter. Capital Advisors Ltd. LLC now owns 292 shares of the semiconductor manufacturer’s stock worth $337,000 after buying an additional 45 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in Micron Technology by 18.1% during the second quarter. Crossmark Global Holdings Inc. now owns 67,693 shares of the semiconductor manufacturer’s stock worth $78,137,000 after buying an additional 10,372 shares during the period. 80.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 40,000 shares of the company’s 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 transaction, the executive vice president directly owned 85,737 shares of the company’s stock, valued at $92,933,763.78. This represents a 31.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sanjay Mehrotra sold 31,285 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $926.83, for a total value of $28,995,876.55. Following the completion of the sale, the chief executive officer directly owned 313,218 shares of the company’s stock, valued at approximately $290,299,838.94. This represents a 9.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 162,179 shares of company stock worth $167,811,861. 0.24% of the stock is currently owned by company insiders.

More Micron Technology News

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

• Positive Sentiment: Micron’s long-term AI opportunity remains a key bullish argument. Demand for high-bandwidth memory (HBM) used in AI data centers is absorbing significant wafer capacity, while Micron’s 2026 HBM output is reportedly fully allocated under long-term agreements. Uncle Sam’s Chip Trick: How the Government Built a Silicon Moat
• Positive Sentiment: U.S. efforts to discourage technology companies from purchasing memory from Chinese suppliers could reduce competition and strengthen Micron’s pricing power with domestic and allied customers. Micron’s planned U.S. manufacturing investments may benefit from this policy environment. Micron shares rise as White House pushes Apple away from Chinese memory chips
• Positive Sentiment: Bank of America reiterated a Buy rating and a $1,550 price target, arguing that concerns about a peak in the memory cycle are overblown and forecasting substantial long-term earnings growth. Analyst issues new Micron stock price target
• Neutral Sentiment: Micron’s recent quarterly results were exceptionally strong, with revenue up sharply year over year and earnings above consensus. However, the stock’s large advance has raised expectations and increased sensitivity to any signs of slowing demand or valuation concerns.
• Negative Sentiment: Higher Treasury yields are pressuring high-growth technology valuations and raising the financing cost of AI infrastructure. Investors also rotated out of heavily extended AI winners after Monday’s rally. AI chip stocks were riding high. Here’s why Micron and others are now pulling back
• Negative Sentiment: A report suggesting NVIDIA may use less memory in a future Rubin Ultra system raised concerns about the durability of Micron’s HBM growth. Separately, Appaloosa reportedly reduced its Micron position by 41% in the second quarter, adding to profit-taking concerns. Nvidia Is Cutting Rubin Ultra’s Memory

Micron Technology Price Performance

Shares of MU stock opened at $941.15 on Wednesday. The stock’s 50-day moving average is $966.84 and its 200 day moving average is $686.90. Micron Technology, Inc. has a 1-year low of $113.46 and a 1-year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The company has a market cap of $1.06 trillion, a P/E ratio of 21.31 and a beta of 2.19.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping 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 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 previous year, the firm earned $1.91 EPS. The company’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MU. Wells Fargo & Company raised their target price on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price target on Micron Technology in a report on Monday, June 22nd. ThinkEquity reissued a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Needham & Company LLC boosted their price target on Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Stifel Nicolaus increased their price objective on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average target price of $1,259.97.

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.