Main Street Research LLC Grows Stock Holdings in Micron Technology, Inc. $MU

Main Street Research LLC lifted its stake in Micron Technology, Inc. (NASDAQ:MU) by 1,949.8% during the first quarter, HoldingsChannel.com reports. The firm owned 109,109 shares of the semiconductor manufacturer’s stock after purchasing an additional 103,786 shares during the quarter. Micron Technology makes up about 2.1% of Main Street Research LLC’s portfolio, making the stock its 25th largest holding. Main Street Research LLC’s holdings in Micron Technology were worth $36,861,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MU. High Note Wealth LLC raised its stake in 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% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Micron Technology during the first quarter valued at $27,000. Steigerwald Gordon & Koch Inc. increased its holdings in shares of 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 in the last quarter. Finally, Bayban purchased a new position in shares of Micron Technology in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In related news, Director Steven J. Gomo sold 2,000 shares of Micron Technology 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 completion of the sale, the director owned 17,139 shares of the company’s stock, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn A. Dugle sold 1,300 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 163,300 shares of company stock valued at $152,667,204 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of analyst reports. Stifel Nicolaus upped their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, March 19th. Susquehanna lifted their target price on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a report on Thursday, June 25th. Barclays upped their target price on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, Raymond James Financial raised their price target on shares of 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. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $1,263.76.

Micron Technology Stock Performance

Shares of MU stock opened at $991.64 on Friday. The company has a 50 day moving average price of $914.06 and a 200-day moving average price of $575.35. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,255.00. The firm has a market capitalization of $1.12 trillion, a PE ratio of 22.45 and a beta of 2.14. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU) last released 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 firm had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm’s quarterly revenue was up 345.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts expect that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders 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 0.1%. Micron Technology’s payout ratio is currently 1.36%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron announced plans to invest up to $3 billion to strengthen the U.S. semiconductor supply chain, including a $500 million financing package for GlobalWafers and a 10-year supply agreement that should improve supply security and support future production capacity. Article Title
• Positive Sentiment: The company also highlighted a much larger long-term U.S. expansion plan, raising its domestic investment commitment to more than $250 billion through 2035 and advancing construction at its New York fab, reinforcing confidence in future supply and demand. Article Title
• Positive Sentiment: Several reports say Micron is benefiting from strong AI-driven memory demand, with CEO Sanjay Mehrotra describing “unprecedented” demand and analysts pointing to tighter DRAM/NAND supply and upbeat earnings guidance as reasons investors are bidding the stock up. Article Title
• Positive Sentiment: After a recent memory-chip selloff, Micron and other chip names are rebounding as investors rotate back into AI hardware, with analyst commentary and peer strength helping sentiment improve across the sector. Article Title

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.