Meridian Investment Counsel Inc. Takes $623,000 Position in Micron Technology, Inc. $MU

Meridian Investment Counsel Inc. acquired a new stake in Micron Technology, Inc. (NASDAQ:MU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,721 shares of the semiconductor manufacturer’s stock, valued at approximately $623,000.

Other large investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC lifted its holdings in Micron Technology by 67.2% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 22,282 shares of the semiconductor manufacturer’s stock valued at $3,728,000 after acquiring an additional 8,959 shares during the last quarter. Citizens National Bank Trust Department raised its holdings in shares of Micron Technology by 0.7% in the 3rd quarter. Citizens National Bank Trust Department now owns 15,711 shares of the semiconductor manufacturer’s stock worth $2,629,000 after purchasing an additional 116 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Micron Technology by 122.6% during the third quarter. Benjamin Edwards Inc. now owns 10,689 shares of the semiconductor manufacturer’s stock valued at $1,788,000 after purchasing an additional 5,888 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Micron Technology during the third quarter valued at approximately $27,000. Finally, Ethos Financial Group LLC bought a new stake in Micron Technology during the third quarter worth approximately $467,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Down 1.1%

Shares of Micron Technology stock opened at $339.54 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The firm has a 50-day moving average of $252.40 and a 200-day moving average of $181.68. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $346.30. The stock has a market cap of $382.16 billion, a PE ratio of 32.28, a PEG ratio of 0.22 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period last year, the firm earned $1.79 earnings per share. Micron Technology’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, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on MU shares. Summit Insights raised Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Piper Sandler boosted their target price on Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday. BNP Paribas raised Micron Technology from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 13th. Morgan Stanley lifted their price target on Micron Technology from $338.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Finally, Cantor Fitzgerald boosted their price objective on Micron Technology from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $292.00.

Insider Activity

In other news, Director Steven J. Gomo sold 5,000 shares of the business’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 completion of the transaction, the director directly owned 19,139 shares in the company, valued at approximately $5,045,614.57. The trade was a 20.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the transaction, the chief financial officer owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 316,800 shares of company stock valued at $71,658,387. Company insiders own 0.24% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Accelerating AI demand — Nvidia highlighted next‑gen memory needs at CES, reinforcing investor expectations that Micron will benefit from stronger HBM and DRAM pricing and demand. Micron (MU) Stock; Gains 10% as Nvidia Highlights Next-Gen Memory Needs
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms (UBS, Piper Sandler and others) raised price targets and ratings this week, signaling renewed sell‑side conviction that MU’s earnings power and pricing leverage will improve. Analyst Price Target Coverage
• Positive Sentiment: Industry tailwinds — Samsung’s forecast of record memory profits and rising chip prices supports the thesis that industry pricing is tightening, which should boost Micron’s revenue and margins. Samsung Expects Record Profit as Memory Chip Prices Soar. What It Means for Micron Stock.
• Positive Sentiment: Strong fundamentals & guidance — Recent earnings beat and robust FY26 guidance (high revenue growth, gross margins and elevated EPS targets) underpin optimism about durable AI‑driven revenue streams. Micron Technology: Riding On AI-Driven Growth
• Positive Sentiment: Capacity investment and megafab — Micron announced a groundbreaking for a New York megafab and is boosting AI‑related capex, positioning the company to capture constrained HBM supply and long‑term AI demand. Micron Announces Groundbreaking for Historic New York Megafab
• Neutral Sentiment: Wall Street momentum & rankings — Micron made Zacks Rank #1 and appears on lists of top growth/momentum names, which can attract flows but also amplify volatility. Best Growth Stocks to Buy for January 8th
• Neutral Sentiment: Analyst notes and valuation debate — Several pieces outline a bullish long‑term case but also highlight that MU’s rapid run has lifted multiples; investors are split on sustainable upside versus mean reversion. Micron Technology Stock Is Surging: What Could Sustain The Rally?
• Negative Sentiment: Technical/near‑term pullback risk — Commentators flagged MU as overbought after the rally, raising the chance of short‑term profit‑taking and volatility. That dynamic likely explains today’s decline following the run. Stock Of The Day: Will Micron Technology Reverse?
• Negative Sentiment: Supply/capacity uncertainty — While shortages boost pricing now, investors should watch Micron’s ability to ramp targeted capacity without overshooting demand long term; execution and timing risks remain. Micron: No Longer A Commodity, But A Strategic AI Enabler

About Micron Technology

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.