Sunbelt Securities Inc. Trims Stock Holdings in Micron Technology, Inc. $MU

Sunbelt Securities Inc. lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 9.1% during the 4th quarter, HoldingsChannel reports. The fund owned 7,328 shares of the semiconductor manufacturer’s stock after selling 733 shares during the period. Sunbelt Securities Inc.’s holdings in Micron Technology were worth $2,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Cambient Family Office LLC purchased a new position in shares of Micron Technology in the fourth quarter valued at $657,000. Wick Capital Partners LLC bought a new stake in shares of Micron Technology during the fourth quarter valued at about $7,122,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Micron Technology during the fourth quarter valued at about $1,698,000. Compound Planning Inc. lifted its holdings in shares of Micron Technology by 22.2% in the fourth quarter. Compound Planning Inc. now owns 13,837 shares of the semiconductor manufacturer’s stock worth $3,949,000 after buying an additional 2,517 shares in the last quarter. Finally, TMB Capital Partners LLC bought a new position in shares of Micron Technology in the fourth quarter valued at approximately $250,000. 80.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MU. Melius Research initiated coverage on shares of Micron Technology in a report on Monday, April 27th. They set a “buy” rating and a $700.00 target price on the stock. Citigroup upped their price target on shares of Micron Technology from $840.00 to $1,200.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp increased their price objective on Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Summit Insights downgraded Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, Morgan Stanley lifted their price objective on Micron Technology from $520.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average target price of $913.47.

Insider Activity at Micron Technology

In related news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. The trade was a 24.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 146,000 shares of company stock valued at $85,486,715 over the last ninety days. 0.24% of the stock is currently owned by insiders.

Micron Technology News Roundup

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

• Positive Sentiment: Multiple firms raised price targets on Micron (MU), citing stronger DRAM/NAND pricing, AI-driven memory demand, and rising data-center sales. Wedbush lifted its target to $1,300, while other reports pointed to even higher bullish targets, signaling continued confidence ahead of earnings. Article Title
• Positive Sentiment: Micron’s U.S. capacity expansion and advanced 1-alpha DRAM production were highlighted as strategic moves that could support long-term AI infrastructure demand, reinforcing the company’s role as a key memory supplier for AI data centers. Article Title
• Positive Sentiment: Several articles say MU is likely to beat fiscal Q3 estimates thanks to tight memory supply, strong pricing power, and new chip ramp-up, which would extend the company’s recent run and keep AI-related optimism alive. Article Title
• Neutral Sentiment: Investors are treating Micron’s June 24 earnings report as a key read-through on whether the AI-driven chip rally still has room to run. That makes the stock a high-expectation name going into results, but not automatically one with easy upside from here. Article Title
• Neutral Sentiment: Some commentary also suggests Micron (MU) could see a volatile reaction even if earnings are good, since the stock has already had a huge run and expectations are elevated. Article Title
• Negative Sentiment: Bearish pieces warn that Micron’s upcoming report is a “tough earnings test,” with some arguing the stock could fall if the company merely meets expectations instead of dramatically exceeding them. Article Title
• Negative Sentiment: SK Hynix’s plan to expand memory production over the next five years was flagged as a competitive risk for MU, potentially pressuring pricing and margins later if supply growth outpaces demand. Article Title

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $1,133.99 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,149.43. The firm has a market cap of $1.28 trillion, a PE ratio of 53.54 and a beta of 2.16. The company has a 50 day simple moving average of $748.09 and a two-hundred day simple moving average of $493.40.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. The firm had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business’s revenue for the quarter was up 196 compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.56 EPS. Analysts expect that Micron Technology, Inc. will post 59.57 earnings per share for the current fiscal year.

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.