Wellington Management Group LLP Buys 1,125,414 Shares of Micron Technology, Inc. $MU

Wellington Management Group LLP lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 28.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,045,141 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,125,414 shares during the period. Micron Technology accounts for about 1.0% of Wellington Management Group LLP’s portfolio, making the stock its 11th largest position. Wellington Management Group LLP’s holdings in Micron Technology were worth $5,823,556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MU. Lombard Odier Asset Management Europe Ltd boosted its stake in Micron Technology by 20.9% during the second quarter. Lombard Odier Asset Management Europe Ltd now owns 27,334 shares of the semiconductor manufacturer’s stock worth $31,551,000 after acquiring an additional 4,724 shares in the last quarter. Fox Hill Wealth Management increased its stake in Micron Technology by 16.0% in the second quarter. Fox Hill Wealth Management now owns 7,875 shares of the semiconductor manufacturer’s stock valued at $9,090,000 after purchasing an additional 1,089 shares in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Micron Technology during the second quarter valued at about $205,000. Kingsview Wealth Management LLC boosted its position in shares of Micron Technology by 695.8% during the 2nd quarter. Kingsview Wealth Management LLC now owns 60,173 shares of the semiconductor manufacturer’s stock worth $69,457,000 after purchasing an additional 52,612 shares in the last quarter. Finally, Tilia Fiduciary Partners Inc. bought a new position in shares of Micron Technology during the 2nd quarter worth about $265,000. 80.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 177,204 shares of company stock valued at $182,156,264 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron’s $50 Billion Guide Gets an 8.3% Signal From Seoul
• Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30
• Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat.
• Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250?
• Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam?

Micron Technology Stock Performance

NASDAQ MU opened at $1,016.59 on Tuesday. The company has a fifty day moving average price of $932.58 and a 200-day moving average price of $741.12. The firm has a market cap of $1.15 trillion, a price-to-earnings ratio of 23.02, a PEG ratio of 0.64 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology, Inc. has a 1 year low of $125.66 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating 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 company had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same period last year, the firm earned $1.91 earnings per share. The firm’s revenue 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 research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on MU shares. TD Cowen restated a “buy” rating on shares of Micron Technology in a research note on Friday, July 10th. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Raymond James Financial raised their price objective on Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective for the company in a report on Friday, August 14th. Finally, Bank of America boosted their price objective on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus target price of $1,295.63.

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.