Wealthcare Advisory Partners LLC Cuts Stock Position in Micron Technology, Inc. $MU

Wealthcare Advisory Partners LLC cut its position in Micron Technology, Inc. (NASDAQ:MU) by 21.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,250 shares of the semiconductor manufacturer’s stock after selling 3,608 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Micron Technology were worth $15,295,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MU. High Note Wealth LLC grew its position in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 34 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology during the first quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. lifted its position in Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 96 shares during the last quarter. Bayban acquired a new stake in Micron Technology in the fourth quarter valued at approximately $29,000. Finally, GHP Investment Advisors Inc. grew its holdings in Micron Technology by 91.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: HBM supply remains exceptionally tight. UBS said Nvidia may have reduced planned HBM4E content in its upcoming VR300 GPU because of constrained availability. The shortage could strengthen Micron’s pricing power and support a “structural reset” higher in earnings potential. Micron poised for structural reset in earnings power
• Positive Sentiment: Fundamentals and long-term demand remain strong. Recent coverage highlights Micron’s $41.46 billion in quarterly revenue and $25.11 in EPS, while strategic customer agreements could secure a significant portion of future DRAM and NAND volumes. Automotive agreements and continued AI infrastructure spending may also reduce the company’s historical earnings cyclicality. Micron Could Reclaim Its Previous Highs
• Positive Sentiment: Analyst and investor attention is focused on the KeyBanc technology forum. Micron executives’ presentation could provide updated commentary on demand, supply, pricing and guidance, with some retail investors positioning for a possible outlook increase. MU Outpaced SNDK WDC This Week

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Mizuho upped their price target on Micron Technology from $1,150.00 to $1,375.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. DA Davidson boosted their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Raymond James Financial upped their target price on Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Barclays increased their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $1,260.31.

Micron Technology Stock Down 1.9%

Micron Technology stock opened at $861.00 on Tuesday. The business’s 50-day simple moving average is $971.54 and its two-hundred day simple moving average is $664.13. 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 has a market cap of $972.40 billion, a PE ratio of 19.49 and a beta of 2.19. Micron Technology, Inc. has a fifty-two week low of $113.46 and a fifty-two week high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period last year, the business posted $1.91 earnings per share. The company’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the sale, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 37,439 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the completion of the sale, the chief executive officer directly owned 387,064 shares in the company, valued at $371,728,524.32. This trade represents a 8.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 162,179 shares of company stock valued at $167,811,861. 0.24% of the stock is owned by corporate insiders.

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.