Rep. Julia Letlow Sells Micron Technology, Inc. (NASDAQ:MU) Shares

Representative Julia Letlow (Republican-Louisiana) recently sold shares of Micron Technology, Inc. (NASDAQ:MU). In a filing disclosed on January 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Micron Technology stock on September 17th. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of United Rentals (NYSE:URI) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Pinterest (NYSE:PINS) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Warner Bros. Discovery (NASDAQ:WBD) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Mettler-Toledo International (NYSE:MTD) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Icon Energy (NASDAQ:ICON) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of AstraZeneca (NASDAQ:AZN) on 12/8/2025.

Micron Technology Stock Performance

Micron Technology stock opened at $403.11 on Wednesday. The stock has a 50-day simple moving average of $384.09 and a 200 day simple moving average of $267.51. The stock has a market capitalization of $453.70 billion, a price-to-earnings ratio of 38.32 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $455.50.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The firm had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company’s revenue was up 56.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, December 29th. Micron Technology’s payout ratio is currently 4.37%.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Applied Materials announced partnerships that include Micron to accelerate AI memory chip production and tooling — a vote of confidence for Micron’s role in AI supply chains and potential to speed capacity ramp. Applied Materials partnership
• Positive Sentiment: Several brokers bumped price targets and reiterated buys (Susquehanna to $525; Citi to $430), signaling stronger revenue and margin expectations from AI-driven DRAM/HBM demand—this analyst momentum is directly supporting the rally. Susquehanna raises target Citigroup raises target
• Positive Sentiment: Market reaction to upgrades is visible: coverage notes the stock jumped after analyst actions and bullish write-ups highlighting tight HBM supply and strong pricing power for memory vendors. Stock up after upgrade
• Neutral Sentiment: Micron is nearing its Q2 earnings release (expected March 18); investors are positioning ahead of guidance and results — this raises short-term volatility but could validate the bullish thesis if revenue/EPS beat. Earnings release notice
• Neutral Sentiment: Company product milestones and expansion (e.g., shipping high-capacity server LPDRAM samples and opening an India assembly/test site) support longer-term growth but are less likely to move the stock intraday relative to analyst calls and earnings. AI memory milestone & India expansion
• Negative Sentiment: Potential competitive headwind: reports say NVIDIA selected Samsung and SK Hynix for next‑gen HBM4 supplies, which could limit Micron’s share of that specific high‑value segment and temper upside if HBM4 becomes the dominant standard. Nvidia selects HBM4 suppliers
• Negative Sentiment: Analyst/market caution pieces note that fast run-ups leave valuation and cyclicality as risks — strong short-term momentum could reverse if earnings or competitive developments disappoint. Valuation & competitive cautions

Analyst Ratings Changes

Several research firms have recently commented on MU. KeyCorp increased their price target on shares of Micron Technology from $325.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Wells Fargo & Company boosted their price objective on shares of Micron Technology from $335.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Needham & Company LLC upped their price objective on Micron Technology from $380.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Barclays increased their price objective on Micron Technology from $275.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, HSBC lifted their target price on Micron Technology from $350.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $381.14.

Institutional Trading of Micron Technology

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after purchasing an additional 1,954,644 shares during the period. State Street Corp lifted its stake 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. Geode Capital Management LLC boosted its holdings in Micron Technology by 1.2% during the second quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after buying an additional 314,489 shares during the last quarter. Capital International Investors boosted its holdings in Micron Technology by 0.7% during the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after buying an additional 155,860 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Micron Technology during the 4th quarter worth about $6,433,456,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP Manish H. Bhatia sold 26,623 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the transaction, the executive vice president owned 323,486 shares in the company, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the sale, the executive vice president directly owned 165,618 shares of the company’s stock, valued at $45,891,091.62. The trade was a 8.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. Insiders own 0.24% of the company’s stock.

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

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.