Elevation Point Wealth Partners LLC Boosts Holdings in Micron Technology, Inc. $MU

Elevation Point Wealth Partners LLC increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 32.3% in the 1st quarter, HoldingsChannel reports. The firm owned 35,511 shares of the semiconductor manufacturer’s stock after buying an additional 8,667 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Micron Technology were worth $12,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MU. Vanguard Group Inc. boosted 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 valued at $30,427,016,000 after acquiring an additional 1,954,644 shares during the last quarter. State Street Corp raised its stake in Micron Technology by 2.1% in the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after purchasing an additional 1,090,644 shares during the last quarter. Capital International Investors lifted its holdings in Micron Technology by 0.7% in the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after purchasing an additional 155,860 shares in the last quarter. Norges Bank purchased a new position in Micron Technology in the 4th quarter valued at about $6,433,456,000. Finally, Morgan Stanley boosted its stake in shares of Micron Technology by 5.1% during the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after purchasing an additional 794,289 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other news, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the firm’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 completion of the transaction, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 147,300 shares of company stock valued at $119,422,004. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on MU. Wedbush boosted their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. KeyCorp increased their target price on Micron Technology from $600.00 to $1,600.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Rosenblatt Securities lifted their price target on Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. UBS Group upped their price objective on shares of Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Barclays increased their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $1,263.76.

Micron Technology Price Performance

MU stock opened at $975.56 on Friday. The stock has a 50-day moving average price of $867.17 and a two-hundred day moving average price of $549.79. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,255.00. 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 company has a market cap of $1.10 trillion, a PE ratio of 22.09 and a beta of 2.14.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm’s revenue was up 345.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 72.94 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be issued a $0.15 dividend. The ex-dividend date is Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 1.36%.

Micron Technology News Roundup

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

• Positive Sentiment: Micron continues to benefit from strong fundamental news, including a new long-term supply agreement with General Motors for automotive memory and storage, which expands its customer base beyond AI data centers. Micron and General Motors Sign Strategic Agreement to Secure Supply and Accelerate Innovation
• Positive Sentiment: Micron’s latest earnings report was described as a major beat, and several analysts reportedly raised price targets or maintained bullish views after the results, reinforcing the company’s strong demand outlook. Micron Stock Gets Set to Go Higher as KeyBanc Analyst Predicts ‘Continued Strong Demand’ in 2026
• Neutral Sentiment: Micron also announced a $250 million commitment to Trump Accounts, which is generating headlines but is less likely to materially change near-term operating results. Micron Technology Announces $250 Mln Investment In Trump Accounts
• Neutral Sentiment: There are still bullish commentary pieces arguing Micron remains a key AI and memory-play, but these are being offset by valuation concerns after the stock’s huge year-to-date surge. Is Micron Stock Too Expensive After Its Huge Run-Up?
• Negative Sentiment: Memory and semiconductor stocks are selling off broadly, with articles pointing to profit-taking, rotation out of high-growth tech, and memory-supply-glut fears hitting MU alongside peers like SanDisk and Western Digital. Micron stock extends decline despite Trump’s praise and bullish analyst views
• Negative Sentiment: Morningstar-linked commentary warned investors may want to trim exposure to AI memory names like Micron as the trade cools, adding to caution around the sector’s near-term momentum. Diversifying Tech Portfolios: Navigating AI Chip Surge & Finding New Opportunities
• Negative Sentiment: Additional pressure came from reports of a new class-action lawsuit targeting DRAM makers and from worries that competing supply sources, including possible China sourcing by Apple, could eventually challenge Micron’s pricing power. Samsung, SK Hynix, Micron sued over DRAM prices: what’s at stake

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.