Envestnet Asset Management Inc. Has $872.91 Million Position in Micron Technology, Inc. $MU

Envestnet Asset Management Inc. grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 14.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 756,236 shares of the semiconductor manufacturer’s stock after acquiring an additional 96,472 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Micron Technology worth $872,906,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Andar Capital Management HK Ltd grew its stake in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares in the last quarter. Norges Bank bought a new position in Micron Technology in the fourth quarter valued at approximately $6,433,456,000. Primecap Management Co. CA acquired a new position in Micron Technology during the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE lifted its stake in Micron Technology by 26.6% during the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after purchasing an additional 2,136,470 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Micron Technology by 1.6% in the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after purchasing an additional 155,073 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Micron Technology in a research note on Wednesday. Needham & Company LLC upped their price objective on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Zacks Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Wells Fargo & Company lowered their target price on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Erste Group Bank raised shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and an average target price of $1,296.47.

Insider Buying and Selling

In related news, CAO Scott Allen sold 879 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 177,204 shares of company stock valued at $182,156,264 over the last three months. 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: 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 Price Performance

Shares of MU traded down $24.28 during trading hours on Wednesday, reaching $1,071.88. The stock had a trading volume of 21,446,532 shares, compared to its average volume of 42,458,512. Micron Technology, Inc. has a 12 month low of $154.65 and a 12 month high of $1,255.00. The stock has a market capitalization of $1.21 trillion, a PE ratio of 24.27, a PEG ratio of 0.66 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The company’s 50-day moving average is $932.42 and its two-hundred day moving average is $785.75.

Micron Technology (NASDAQ:MU) last issued its earnings results 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 return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The business’s revenue for the quarter was up 345.8% compared to the same quarter last year. Research analysts expect that Micron Technology, Inc. will post 72.99 EPS for the current year.

Micron Technology Profile

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.