Allspring Global Investments Holdings LLC Has $167.38 Million Holdings in Micron Technology, Inc. $MU

Allspring Global Investments Holdings LLC trimmed its position in Micron Technology, Inc. (NASDAQ:MU) by 22.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 455,027 shares of the semiconductor manufacturer’s stock after selling 131,679 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Micron Technology were worth $167,382,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Heritage Trust Co boosted its position in Micron Technology by 9.7% during the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after buying an additional 1,323 shares during the period. Fulton Bank N.A. increased its position in Micron Technology by 79.1% in the 4th quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer’s stock valued at $4,619,000 after acquiring an additional 7,147 shares during the period. Financial Synergies Wealth Advisors Inc. acquired a new position in Micron Technology in the 4th quarter valued at approximately $1,316,000. PKO BP BANKOWY Universal Pension Society JSC bought a new position in shares of Micron Technology during the fourth quarter valued at $61,306,000. Finally, Dara Capital US Inc. bought a new position in shares of Micron Technology during the fourth quarter valued at $2,926,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Trading Down 5.6%

Shares of MU stock opened at $853.20 on Friday. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,255.00. 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 stock has a 50 day simple moving average of $947.41 and a two-hundred day simple moving average of $598.20. The company has a market cap of $963.60 billion, a P/E ratio of 19.32 and a beta of 2.14.

Micron Technology (NASDAQ:MU) last posted its quarterly 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. The firm had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts forecast that Micron Technology, Inc. will post 72.99 earnings per share for the current year.

Micron Technology Announces Dividend

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

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron’s AI memory demand remains strong, with analysts calling the company a key beneficiary of the AI infrastructure cycle and a proxy for continued AI spending.
• Positive Sentiment: The company signed long-term automotive supply agreements with Qualcomm, Harman and other major suppliers, improving visibility and expanding its memory business into AI-enabled vehicles. Reuters: Micron signs deals with Qualcomm, others for AI-powered automobile chip components
• Positive Sentiment: Recent earnings commentary says Micron delivered standout quarterly results, reinforcing the company’s momentum and supporting bullish analyst sentiment.
• Neutral Sentiment: Analysts remain divided on how much upside is left, with some arguing the stock is still attractive relative to a range of earnings scenarios while others warn the move has become volatile.
• Negative Sentiment: Micron is falling with the broader chip sector as investors worry about an AI trade pullback and locking in gains after a sharp run-up.
• Negative Sentiment: Rising concern over Chinese memory competition, especially CXMT’s planned large IPO, is pressuring sentiment around pricing and future market share.

Analyst Ratings Changes

A number of equities analysts have recently commented on MU shares. Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Wolfe Research set a $1,500.00 target price on Micron Technology in a research report on Thursday, June 25th. Wells Fargo & Company raised their target price on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. Finally, KeyCorp upped their price target on Micron Technology from $1,600.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Tuesday. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,268.93.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares of the company’s stock, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 163,300 shares of company stock valued at $152,667,204 in the last ninety days. Insiders own 0.24% of the company’s stock.

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.