Phillips Wealth Planners LLC Has $197,000 Stock Position in Micron Technology, Inc. $MU

Phillips Wealth Planners LLC reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 58.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 691 shares of the semiconductor manufacturer’s stock after selling 964 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Micron Technology were worth $197,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Micron Technology in the 4th quarter valued at $6,433,456,000. AQR Capital Management LLC increased its stake in Micron Technology by 411.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after buying an additional 2,918,535 shares during the last quarter. Vanguard Group Inc. boosted its position in Micron Technology by 1.9% during the fourth 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. California Public Employees Retirement System grew its stake in shares of Micron Technology by 70.2% in the third quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer’s stock valued at $505,942,000 after buying an additional 1,246,773 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its position in Micron Technology by 1,064.3% during the third quarter. Voloridge Investment Management LLC now owns 1,304,471 shares of the semiconductor manufacturer’s stock worth $218,264,000 after acquiring an additional 1,192,433 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 146,000 shares of company stock valued at $85,486,715 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MU shares. Wells Fargo & Company lifted their price objective on shares of Micron Technology from $470.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Wedbush raised their target price on shares of Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Stifel Nicolaus lifted their price target on Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Raymond James Financial upped their price objective on Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Needham & Company LLC increased their target price on Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $641.97.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Morgan Stanley more than doubled its price target on Micron to $1,050 and kept an Overweight rating, signaling continued confidence in the company’s memory pricing power and AI demand tailwinds.
• Positive Sentiment: Other recent coverage highlighted that booming AI infrastructure spending is still favoring Micron, with analysts saying the memory-stock runup may not be over yet and that shortages could keep supporting earnings and margins. Article Title
• Positive Sentiment: Micron’s AI strategy got another boost from reports around its COMPUTEX 2026 product lineup, including HBM4 and next-gen memory/storage products aimed at AI servers and edge AI applications.
• Positive Sentiment: Several articles also noted Micron’s strong recent business momentum, including soaring revenue growth and expectations that the company will benefit from the AI server buildout into its upcoming fiscal third-quarter earnings report.
• Neutral Sentiment: At the same time, some investors are starting to focus on risk factors: Chinese memory-chip makers are increasing production, which could narrow Micron’s competitive advantage over time.
• Neutral Sentiment: A few commentary pieces warned that after Micron’s huge run and trillion-dollar valuation, the stock may be priced for perfection, leaving less room for error if earnings or guidance disappoint.
• Negative Sentiment: Micron CEO Sanjay Mehrotra sold shares in late May, which may be viewed as a mild cautionary signal, though insider sales do not necessarily reflect a change in the company’s outlook.

Micron Technology Stock Up 1.5%

Micron Technology stock opened at $1,079.57 on Thursday. The firm’s fifty day moving average is $595.64 and its 200 day moving average is $429.72. Micron Technology, Inc. has a 12-month low of $101.70 and a 12-month high of $1,089.29. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1.22 trillion, a PE ratio of 50.97 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. The company had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm’s revenue was up 196 compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.56 EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 58.62 EPS for the current fiscal year.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, March 30th. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is currently 2.83%.

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.