Bellars Harris Wealth Management LLC Buys Shares of 7,535 Micron Technology, Inc. $MU

Bellars Harris Wealth Management LLC bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, Holdings Channel.com reports. The fund bought 7,535 shares of the semiconductor manufacturer’s stock, valued at approximately $8,698,000. Micron Technology comprises approximately 1.8% of Bellars Harris Wealth Management LLC’s investment portfolio, making the stock its 24th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Micron Technology during the 4th quarter valued at $6,433,456,000. AQR Capital Management LLC raised its holdings in shares of Micron Technology by 411.9% in the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock worth $606,873,000 after acquiring an additional 2,918,535 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Micron Technology by 1,340.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock worth $805,148,000 after acquiring an additional 2,625,169 shares during the last quarter. Amundi lifted its position in shares of Micron Technology by 65.0% in the fourth quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock valued at $1,424,025,000 after acquiring an additional 1,965,319 shares in the last quarter. Finally, Employees Provident Fund Board acquired a new stake in shares of Micron Technology during the fourth quarter valued at $519,639,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Analyst optimism is supporting the rebound. BMO initiated coverage with an “outperform” rating and a $1,300 price target, while Mizuho maintained its “outperform” rating and set a $1,300 target despite lowering its estimate from $1,375. Finance giant sets aggressive Micron stock target after earnings
• Positive Sentiment: Investor commentary remains bullish on Micron’s long-term growth. The company’s latest quarter generated approximately $41.5 billion in revenue, up more than 345% year over year, with earnings substantially exceeding expectations. Analysts and commentators also point to accelerating revenue and profit growth and the possibility of the stock reaching $1,300 by year-end. Prediction: Micron Stock Will Reach $1,300 by the End of 2026
• Positive Sentiment: Reports that DRAM and high-bandwidth memory prices could rise sharply this quarter reinforce Micron’s pricing power. Demand from AI data centers continues to exceed supply, while management expects the memory industry to expand over the long run. Memory Shortage Deepens to Worst Levels Since 2017
• Neutral Sentiment: Micron promoted Manish Bhatia to president and chief operating officer and Scott DeBoer to president and chief technology and products officer. The changes are intended to improve execution and innovation as AI-related memory demand grows, but their financial impact will take time to assess. Micron Announces Leadership Appointments
• Neutral Sentiment: Micron will report fiscal fourth-quarter results on September 30. The release is a potential catalyst because investors will look for evidence that AI demand, pricing and margins remain strong. Micron to Report Fiscal Fourth Quarter Results
• Negative Sentiment: Risks include competition from China’s YMTC, the possibility that long-term contracts limit Micron’s ability to capture rising spot prices, and the memory industry’s historically cyclical downturns. CEO Sanjay Mehrotra’s sale of 40,000 shares for approximately $38.8 million—and continued insider selling without reported purchases—may also weigh on sentiment. Sanjay Mehrotra Sells 40,000 Shares

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 217,179 shares of company stock valued at $220,582,211 in the last 90 days. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MU. TD Cowen reissued a “buy” rating on shares of Micron Technology in a research report on Friday, July 10th. Rosenblatt Securities raised their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Wells Fargo & Company boosted their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. DA Davidson increased their price target on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price target on Micron Technology in a research note on Monday, June 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus target price of $1,295.63.

Micron Technology Stock Up 0.6%

Micron Technology stock opened at $938.40 on Thursday. The company has a 50-day simple moving average of $959.62 and a 200-day simple moving average of $709.37. 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 $1.06 trillion, a P/E ratio of 21.25 and a beta of 2.18. Micron Technology, Inc. has a one year low of $114.25 and a one year high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its earnings results 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. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter last year, the business posted $1.91 earnings per share. The company’s quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was 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 1.36%.

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.