MICRON TECHNOLOGY INC
At today's price, MICRON TECHNOLOGY INC (MU) is priced for +28.0% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Micron has, for now, stopped behaving like a commodity memory maker: HBM high-bandwidth memory is sold out through 2026 under fixed-price contracts, data center is more than half of sales, and Q3 FY2026 revenue hit a record $41.46 billion, up 346% year over year [Source: Q3 FY2026 earnings release]. • The defining risk is the cycle, not the demand: today's roughly 48% operating margin is a peak, and the price embeds about 36% annual operating-income growth, a bet that only holds if memory pric
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2,932 institutional managers reported holding MU in 13F filings for the quarter ended 2026-03-31. Together they hold about 72% of the company; the top 10 hold 38%. 449 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 41.6M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MU's share count grew 0.6% over the past five years even with $4.95B spent on repurchases. It pays a dividend, and has for 5 years running; the current rate is $0.46 a share annually. Cash returned over the past three years: $1.60B in dividends and $950.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at MU over the trailing three years: 2026: 3 buys totaling $7.82M. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MU's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-30 | -3.7% | +11.5% |
| 2023-10-07 | -4.0% | +7.2% |
| 2023-12-22 | +4.0% | -0.6% |
| 2024-03-22 | +16.9% | +17.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MU's latest 8-K filings: 2026-06-24 (items 2.02, 9.01); 2026-06-09 (items 5.02, 9.01); 2026-04-01 (items 8.01, 9.01); 2026-03-25 (items 8.01, 9.01); 2026-03-18 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 3, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.