Legacy Wealth Asset Management LLC Sells 691 Shares of Micron Technology, Inc. $MU

Legacy Wealth Asset Management LLC decreased its position in Micron Technology, Inc. (NASDAQ:MU) by 9.4% in the second quarter, Holdings Channel reports. The institutional investor owned 6,631 shares of the semiconductor manufacturer’s stock after selling 691 shares during the period. Micron Technology accounts for about 1.7% of Legacy Wealth Asset Management LLC’s portfolio, making the stock its 7th largest position. Legacy Wealth Asset Management LLC’s holdings in Micron Technology were worth $7,654,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MU. Pettinga Financial Advisors LLC purchased a new stake in shares of Micron Technology during the 2nd quarter worth about $393,000. Vertrix Wealth Management LLC acquired a new stake in shares of Micron Technology during the 2nd quarter valued at about $290,000. Alliance Wealth Advisors LLC purchased a new position in shares of Micron Technology in the 2nd quarter valued at about $293,000. Allied Private Wealth LLC purchased a new position in shares of Micron Technology in the 2nd quarter valued at about $1,242,000. Finally, StoneCrest Wealth Management Inc. raised its holdings in Micron Technology by 5.0% in the 2nd quarter. StoneCrest Wealth Management Inc. now owns 10,383 shares of the semiconductor manufacturer’s stock worth $11,985,000 after purchasing an additional 496 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MU. Wolfe Research set a $1,500.00 price target on Micron Technology in a research report on Thursday, June 25th. Rosenblatt Securities boosted their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 target price on Micron Technology in a research report on Monday, June 22nd. Finally, Wedbush lifted their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $1,260.31.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the sale, the executive vice president owned 85,737 shares of the company’s stock, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the sale, the director directly owned 17,728 shares of the company’s stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 162,179 shares of company stock valued at $167,811,861 in the last 90 days. 0.24% of the stock is owned by company insiders.

Key Micron Technology News

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

• Positive Sentiment: Citigroup lowered its price target to $1,150 from $1,400 but maintained a Buy rating, implying roughly 31% upside from the referenced price. The target cut reflects a more cautious outlook, but the continued Buy rating signals confidence in Micron’s earnings potential. Benzinga price target report
• Positive Sentiment: Micron’s latest quarterly results remain a major fundamental support: revenue rose 345.8% year over year to $41.46 billion, adjusted EPS reached $25.11, and fourth-quarter guidance calls for approximately $50 billion in revenue and about $31 in adjusted EPS. The company also disclosed 16 strategic customer agreements extending through 2030, several with pricing floors or bands that could provide more stable revenue and margins. Micron long-term AI memory contracts
• Positive Sentiment: Ongoing AI data-center expansion is supporting demand for high-bandwidth memory, while higher memory costs are contributing to increased capital spending by major cloud customers. This reinforces the view that Micron’s premium AI-memory products remain supply constrained. Amazon memory costs and capital spending
• Neutral Sentiment: SK Hynix approved approximately $38 billion for two new South Korean memory fabs. The investment highlights strong industry demand, but investors are concerned that additional supply could eventually pressure pricing and reduce Micron’s exceptional margins. SK Hynix new memory fabs
• Negative Sentiment: Fresh commentary from Citi points to a more cautious memory-pricing outlook, while weaker-than-expected outlooks from SanDisk and Western Digital have triggered a broader memory-stock selloff. Investors are increasingly focused on whether today’s AI-related shortage will lead to oversupply in future years. Why Micron stock is falling
• Negative Sentiment: Reports that Nvidia is considering lower-memory versions of future Rubin Ultra GPUs raise concerns that customers could reduce high-bandwidth memory content per system, potentially limiting long-term HBM growth. Nvidia Rubin Ultra memory report

Micron Technology Price Performance

NASDAQ:MU opened at $877.57 on Monday. Micron Technology, Inc. has a 12 month low of $111.67 and a 12 month high of $1,255.00. The stock has a 50 day moving average of $975.03 and a two-hundred day moving average of $660.64. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The firm has a market cap of $991.12 billion, a P/E ratio of 19.87 and a beta of 2.19.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business’s revenue was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s dividend payout ratio is currently 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.