Wealthstar Advisors LLC Grows Position in Micron Technology, Inc. $MU

Wealthstar Advisors LLC boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 352.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,851 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,778 shares during the period. Micron Technology comprises 0.8% of Wealthstar Advisors LLC’s holdings, making the stock its 26th biggest holding. Wealthstar Advisors LLC’s holdings in Micron Technology were worth $1,639,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology in the first quarter worth about $27,000. High Note Wealth LLC grew its stake in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 34 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 96 shares during the period. Finally, Bayban purchased a new stake in shares of Micron Technology in the fourth quarter worth approximately $29,000. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron continues to benefit from strong earnings, tight memory-chip supply, and bullish analyst views following its blowout quarterly report. The Single Most Important Number from Micron’s Monster Earnings Report
• Positive Sentiment: A new long-term supply deal with General Motors broadens Micron’s customer base and supports demand visibility beyond AI data centers. General Motors Secures Micron Deal For Future Software Defined Vehicles
• Neutral Sentiment: Micron’s $250 million Trump Accounts commitment is generating headlines, but it is unlikely to materially affect near-term earnings. Micron Technology Announces $250 Mln Investment In Trump Accounts
• Negative Sentiment: Broad selling in semiconductor and memory stocks, along with fears of future oversupply, is pressuring MU alongside peers like SanDisk and Seagate. Micron Stock Extends Decline Despite Trump’s Praise and Bullish Analyst Views
• Negative Sentiment: Michael Burry’s new short position against Micron added a high-profile bearish catalyst and may be fueling caution around the stock. Michael Burry Says He Shorted Micron Technology

Insider Transactions at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the sale, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at $227,643,978.78. This represents a 8.61% 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 Sumit Sadana sold 24,000 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares in the company, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 147,300 shares of company stock worth $119,422,004. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MU shares. The Goldman Sachs Group raised their price target on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Raymond James Financial upped their price objective 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. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. TD Cowen lifted their target price on Micron Technology from $1,500.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Citigroup boosted their target price on shares of Micron Technology from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $1,263.76.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $975.56 on Friday. 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 firm has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 22.09 and a beta of 2.14. The stock has a 50 day moving average price of $876.93 and a 200 day moving average price of $552.77. Micron Technology, Inc. has a 52-week low of $103.38 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s quarterly revenue was up 345.8% on a year-over-year basis. During the same period last year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 1.36%.

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.