Nolet Wealth Management LLC Purchases Shares of 688 Micron Technology, Inc. $MU

Nolet Wealth Management LLC bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 688 shares of the semiconductor manufacturer’s stock, valued at approximately $794,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares during the last quarter. State Street Corp lifted its holdings in Micron Technology by 2.1% in the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after buying an additional 1,090,644 shares during the period. Norges Bank acquired a new position in Micron Technology in the fourth quarter valued at $6,433,456,000. Morgan Stanley boosted its position in Micron Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after acquiring an additional 794,289 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Micron Technology by 1.9% during the 4th quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer’s stock worth $3,040,858,000 after acquiring an additional 194,550 shares during the period. Institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MU. Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a research note on Monday, June 22nd. Needham & Company LLC lifted their target price on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. The Goldman Sachs Group boosted their price target on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft increased their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, Stifel Nicolaus lifted their price objective on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued 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 price target of $1,260.31.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $868.52 on Wednesday. Micron Technology, Inc. has a one year low of $113.46 and a one year high of $1,255.00. The firm has a market capitalization of $980.90 billion, a price-to-earnings ratio of 19.66 and a beta of 2.18. The business has a 50-day simple moving average of $967.63 and a 200 day simple moving average of $667.51. 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 (NASDAQ:MU) last posted its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the prior year, the business earned $1.91 EPS. The firm’s revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

Insider Transactions at Micron Technology

In related 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 value of $43,357,600.00. Following the completion of the sale, the executive vice president owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the sale, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This trade represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 162,179 shares of company stock valued at $167,811,861 in the last 90 days. 0.24% of the stock is currently owned by company insiders.

Micron Technology News Roundup

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

• Positive Sentiment: Tight memory supply remains the key bullish catalyst. A Mizuho analyst sees approximately 60% upside, arguing that constrained DRAM and high-bandwidth memory supply could persist through 2027. Nvidia reportedly reducing memory specifications for some upcoming products may actually increase demand for scarce HBM capacity. Mizuho analyst sees upside for Micron
• Positive Sentiment: Long-term AI demand and customer contracts improve visibility. Analysts highlight Micron’s strategic take-or-pay agreements, which lock in customer commitments, pricing protections, and contracted revenue through 2030. The agreements could reduce the company’s exposure to traditional memory-cycle swings. Micron take-or-pay agreements
• Positive Sentiment: Bullish forecasts point to further upside. Seeking Alpha commentary says MU remains attractively valued even under conservative earnings scenarios, while other analyses cite potential gains toward prior highs. Rising demand from AI infrastructure and future humanoid robots is viewed as a multiyear growth opportunity. Micron bear case analysis
• Neutral Sentiment: Investors remain divided after the recent selloff. Some analysts view MU as inexpensive relative to the S&P 500 and Nasdaq-100, while others question whether its record growth and margins can persist. The stock’s recent decline and subsequent rebound reflect uncertainty over the durability of the AI memory boom.
• Negative Sentiment: Cycle and competition risks are limiting enthusiasm. Commentary warns that slower DRAM and NAND price growth could pressure future results. SpaceX’s proposed Terrafab facility reportedly aims to challenge the memory-chip oligopoly, while Apple’s testing of Chinese memory supplier CXMT raises longer-term competitive concerns. Citigroup also lowered its MU price target to $1,150. Apple tests Chinese memory chips
• Neutral Sentiment: The reported short-interest figures show zero shares and a zero-day days-to-cover ratio, with an invalid percentage change; therefore, they provide no reliable signal about short-selling pressure.

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.