Convergence Investment Partners LLC Invests $251,000 in Micron Technology, Inc. $MU

Convergence Investment Partners LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,502 shares of the semiconductor manufacturer’s stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MU. Norges Bank acquired a new position in shares of Micron Technology in the 2nd quarter worth approximately $1,980,700,000. Slate Path Capital LP acquired a new stake in Micron Technology during the 2nd quarter worth $317,751,000. Vanguard Group Inc. raised its stake in shares of Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after purchasing an additional 1,973,294 shares during the last quarter. State Street Corp increased its position in Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after purchasing an additional 1,349,713 shares during the period. Finally, Orbis Allan Gray Ltd increased its holdings in Micron Technology by 50.2% in the second quarter. Orbis Allan Gray Ltd now owns 3,457,726 shares of the semiconductor manufacturer’s stock valued at $426,165,000 after buying an additional 1,156,086 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $437.66 on Tuesday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $455.50. The business has a fifty day moving average price of $305.59 and a two-hundred day moving average price of $214.69. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The stock has a market capitalization of $492.59 billion, a PE ratio of 41.60 and a beta of 1.51.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. During the same period in the prior year, the business earned $1.79 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Analysts Set New Price Targets

MU has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their price target on shares of Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Mizuho boosted their price objective on Micron Technology from $390.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Wells Fargo & Company boosted their target price on Micron Technology from $335.00 to $410.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. William Blair started coverage on Micron Technology in a research note on Thursday, January 22nd. They set an “outperform” rating for the company. Finally, Wolfe Research upped their price target on Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus target price of $349.76.

Insider Buying and Selling at Micron Technology

In other news, CAO Scott R. Allen sold 2,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total value of $675,000.00. Following the sale, the chief accounting officer directly owned 38,237 shares in the company, valued at approximately $12,904,987.50. This trade represents a 4.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $263.63, for a total value of $1,318,150.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 61,123 shares worth $19,547,151. 0.24% of the stock is owned by insiders.

More Micron Technology News

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

• Positive Sentiment: Multiple Fool.com pieces argue Micron is a top AI/memory beneficiary as hyperscalers ramp specialized memory demand, framing MU as a potential multi‑year growth winner. Is Micron the Next Nvidia?
• Positive Sentiment: Market recap notes Micron “soars again,” reflecting broad market recovery + stock‑specific momentum from the AI narrative and fresh analyst optimism. Stock Market Today, Feb. 2: Stocks Recover and Micron Technology Soars Again
• Positive Sentiment: Fool.com lists Micron among top AI stocks to buy in 2026, citing a relatively low valuation vs. rapidly growing memory revenue as customers scramble for HBM and other DRAM. My Top Artificial Intelligence (AI) Stocks to Buy in 2026
• Positive Sentiment: Analysts expect big 2026 earnings growth for Micron as memory demand surges; several articles highlight consensus expectations for materially higher EPS next year. This Dirt Cheap Stock Is Expected to Quadruple Its
• Positive Sentiment: Mizuho raised MU’s price target to $480 and maintained an Outperform rating, explicitly citing improved 2026 revenue and margin expectations — a direct catalyst for buy‑side interest. Mizuho Lifts Micron Technology, Inc. (MU)’s Price Target To $480
• Positive Sentiment: Several deep‑dive pieces highlight Micron’s exposure to Nvidia/AMD AI chips through HBM supply and the doubling of data center revenue last quarter, supporting a thesis of continued upside. How Much Higher Can Micron Stock Go?
• Neutral Sentiment: Positive coverage cites strong growth, but MU still carries market volatility and a stretched P/E vs historical levels; investors should weigh momentum against valuation and execution risk. This AI Stock Could Be Your Best Shot at Life

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.