Micron Technology, Inc. $MU Shares Bought by SmartHarvest Portfolios LLC

SmartHarvest Portfolios LLC grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 13.1% in the first quarter, Holdings Channel reports. The institutional investor owned 4,606 shares of the semiconductor manufacturer’s stock after purchasing an additional 533 shares during the period. Micron Technology makes up 0.6% of SmartHarvest Portfolios LLC’s holdings, making the stock its 23rd biggest holding. SmartHarvest Portfolios LLC’s holdings in Micron Technology were worth $1,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Falcon Wealth Planning increased its holdings in shares of Micron Technology by 54.7% in the 1st quarter. Falcon Wealth Planning now owns 5,998 shares of the semiconductor manufacturer’s stock valued at $2,026,000 after acquiring an additional 2,120 shares during the last quarter. Decker Retirement Planning Inc. lifted its stake in Micron Technology by 61.5% during the first quarter. Decker Retirement Planning Inc. now owns 29,385 shares of the semiconductor manufacturer’s stock worth $9,927,000 after purchasing an additional 11,194 shares during the last quarter. Verus Financial Partners Inc. purchased a new stake in Micron Technology during the first quarter worth approximately $161,000. Pegasus Asset Management Inc. purchased a new stake in Micron Technology during the first quarter worth approximately $206,000. Finally, Aaron Wealth Advisors LLC boosted its holdings in Micron Technology by 1.0% in the first quarter. Aaron Wealth Advisors LLC now owns 14,086 shares of the semiconductor manufacturer’s stock valued at $4,759,000 after purchasing an additional 133 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MU. Needham & Company LLC raised their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho upped their target price on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus increased their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on shares of Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,228.30.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 146,000 shares of company stock worth $85,486,715 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Key Micron Technology News

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

• Positive Sentiment: Micron said customers have committed to about $22 billion in memory-chip purchases and signed long-term strategic agreements, improving visibility and reducing concerns about the usual boom-bust cycle.
• Positive Sentiment: Analysts across Wall Street raised price targets and reiterated bullish ratings, citing strong HBM and DRAM demand, tight supply, and better-than-expected margin expansion.
• Positive Sentiment: The earnings report sparked a broader rally in semiconductor stocks globally, helping sentiment across the AI and memory space.
• Positive Sentiment: Micron’s results also reignited the argument that AI infrastructure spending is creating a multi-year shortage in memory, which could support pricing power and earnings growth.
• Neutral Sentiment: Micron declared a quarterly dividend of $0.15 per share, which is a routine capital-return update and not a major driver of the stock move.

Micron Technology Trading Up 15.7%

MU opened at $1,213.56 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,255.00. The business’s 50 day moving average is $803.70 and its two-hundred day moving average is $520.37. The firm has a market cap of $1.37 trillion, a price-to-earnings ratio of 27.47 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 82.33% and a net margin of 55.91%.The company’s revenue was up 345.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts predict that Micron Technology, Inc. will post 60.62 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.0%. Micron Technology’s dividend payout ratio is currently 2.83%.

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.