Sen. Sheldon Whitehouse Buys Shares of Micron Technology, Inc. (NASDAQ:MU)

Senator Sheldon Whitehouse (Democratic-Rhode Island) recently bought shares of Micron Technology, Inc. (NASDAQ:MU). In a filing disclosed on July 08th, the Senator disclosed that they had bought between $1,001 and $15,000 in Micron Technology stock on June 25th.

Senator Sheldon Whitehouse also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 6/25/2026.
• Purchased $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 6/25/2026.
• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 6/24/2026.
• Sold $100,001 – $250,000 in shares of NVIDIA (NASDAQ:NVDA) on 5/8/2026.
• Sold $15,001 – $50,000 in shares of Oracle (NYSE:ORCL) on 5/7/2026.
• Sold $15,001 – $50,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 4/13/2026.

Micron Technology Price Performance

MU stock traded down $39.74 during mid-day trading on Thursday, reaching $864.54. 13,604,612 shares of the company’s stock were exchanged, compared to its average volume of 45,455,645. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,255.00. The stock’s 50 day moving average is $943.28 and its 200 day moving average is $594.19. The company has a market cap of $976.40 billion, a price-to-earnings ratio of 19.45 and a beta of 2.14.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The company 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 revenue for the quarter was up 345.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts expect that Micron Technology, Inc. will post 72.94 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be issued a $0.15 dividend. The ex-dividend date of this dividend is 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 is presently 1.36%.

Analyst Ratings Changes

A number of brokerages have commented on MU. Bank of America increased their target price on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. KeyCorp boosted their price target on Micron Technology from $1,600.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Tuesday. Raymond James Financial increased their price objective on Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Mizuho raised their price objective on Micron Technology from $1,150.00 to $1,375.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, The Goldman Sachs Group lifted their target price on shares of Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Micron Technology has an average rating of “Buy” and a consensus price target of $1,268.93.

Key Micron Technology News

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

• Positive Sentiment: Micron announced strategic customer agreements with key Tier 1 suppliers and automotive ecosystem partners, strengthening long-term supply relationships in the automotive market and reinforcing demand visibility for its memory and storage products. Micron Strengthens Automotive Ecosystem Supply Through Strategic Customer Agreements
• Positive Sentiment: KeyCorp reiterated an Overweight view and a $1,750 price target, while also lifting estimates for Micron’s coming fiscal years, signaling confidence that AI-driven memory demand and pricing power can keep earnings growing rapidly.
• Positive Sentiment: Several bullish commentary pieces highlighted Micron as a top AI infrastructure beneficiary, with Zacks and other analysts pointing to strong results, robust earnings momentum, and continued demand for high-bandwidth memory.
• Neutral Sentiment: Micron also said executives will participate in the KeyBanc Capital Markets Technology Leadership Forum in August, which may provide another near-term catalyst if management offers a constructive update on demand and margins. Micron Announces Participation in Investor Event
• Negative Sentiment: Bears are focusing on Micron’s recent pullback, with articles citing a slide of roughly 20% over the past month, a break below the 50-day moving average, and elevated options activity that suggests traders are positioning for more downside.
• Negative Sentiment: Investor concern is also rising over intensifying Chinese competition, especially after ChangXin Memory Technologies reportedly raised a larger-than-expected war chest for expansion, raising fears of future pricing pressure in memory chips.
• Negative Sentiment: Broader semiconductor weakness and profit-taking have added to the pressure, with Micron down in premarket trading as investors rotate out of large-cap tech and reassess whether the AI rally has gotten ahead of itself.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MU. Ramsey Quantitative Systems acquired a new position in shares of Micron Technology in the 2nd quarter valued at $46,000. Signature Resources Capital Management LLC boosted its stake in Micron Technology by 1,125.0% during the second quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer’s stock worth $57,000 after buying an additional 45 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Micron Technology during the first quarter valued at about $27,000. High Note Wealth LLC raised its stake 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 valued at $25,000 after acquiring an additional 34 shares during the period. Finally, Elevation Wealth Partners LLC raised its stake in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were 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 in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 163,300 shares of company stock worth $152,667,204 in the last ninety days. 0.24% of the stock is owned by company insiders.

About Senator Whitehouse

Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2031.

Whitehouse (Democratic Party) ran for re-election to the U.S. Senate to represent Rhode Island. He won in the general election on November 5, 2024.

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.