Angeles Wealth Management LLC Acquires 1,228 Shares of Micron Technology, Inc. $MU

Key Points

• Angeles Wealth Management increased its Micron stake by 16.7% in the second quarter, adding 1,228 shares for a total of 8,574 shares valued at approximately $9.9 million. Institutional investors collectively own 80.84% of Micron’s stock.
• AI-driven demand and tight memory supply remain key growth drivers. Long-term customer agreements, rising high-bandwidth memory demand and expectations for strong fiscal fourth-quarter results have kept analysts broadly bullish, with Micron holding an average “Buy” rating and a $1,295.63 target price.
• Micron’s valuation leaves limited room for disappointment. Shares opened at $975.26 after a major rally, while high expectations, potential memory-price moderation, new competition and macroeconomic pressure could trigger profit-taking; the company’s latest quarter nevertheless delivered $25.11 in EPS and $41.46 billion in revenue.

Angeles Wealth Management LLC boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 16.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,574 shares of the semiconductor manufacturer's stock after acquiring an additional 1,228 shares during the period. Angeles Wealth Management LLC's holdings in Micron Technology were worth $9,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its holdings in shares of Micron Technology by 2.1% in the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer's stock worth $15,061,310,000 after buying an additional 1,090,644 shares in the last quarter. Andar Capital Management HK Ltd grew its stake in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock valued at $39,571,847,000 after acquiring an additional 34,278,413 shares in the last quarter. Norges Bank bought a new stake in Micron Technology in the 4th quarter valued at $6,433,456,000. Primecap Management Co. CA bought a new stake in Micron Technology in the 2nd quarter valued at $22,182,263,000. Finally, Morgan Stanley lifted its stake in Micron Technology by 5.1% in 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 in the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: AI demand and supply constraints remain major tailwinds. Oracle’s strong cloud-infrastructure growth reinforced expectations for continued data-center AI spending, while limited DRAM and high-bandwidth memory supply could support Micron’s pricing and margins. Micron Stock Rises as This Key Number From Oracle Boosts AI Trade
• Positive Sentiment: Long-term customer agreements may reduce earnings volatility. Micron’s strategic contracts reportedly cover substantial memory volumes through 2030, with pricing protections that improve revenue visibility and could make the company less exposed to the traditional boom-and-bust memory cycle. Micron Bets on Long-Term SCA Deals
• Positive Sentiment: Analysts remain constructive ahead of fiscal fourth-quarter results. Bullish commentary points to persistent shortages, rising HBM4 demand and potentially strong revenue and gross-margin guidance at the September 30 earnings report. Micron’s Q4 Might Change the Game
• Neutral Sentiment: Employee rewards highlight both strong profitability and rising costs. Taiwan-based direct labor employees are slated to receive fiscal 2026 rewards equivalent to 35–68 months of pay. The payouts recognize exceptional results but may increase expense pressure, while unions representing about 10,000 workers continue to threaten industrial action. Micron’s Taiwan Workers to Get Rewards Worth Up to 68 Months of Pay
• Negative Sentiment: Valuation and execution expectations are unusually high. Despite record guidance and worsening shortages, investors appear concerned that much of the AI-memory upside is already reflected in MU’s valuation. Any moderation in memory pricing or results that merely meet expectations could trigger profit-taking. Micron’s 662% Rally Created a Problem Wall Street Cannot Ignore
• Negative Sentiment: Competitive and macroeconomic risks are weighing on sentiment. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising concerns about future pricing power. Separately, higher oil prices, inflation worries and interest-rate pressure have hurt high-beta technology stocks. Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market

Analyst Upgrades and Downgrades

Several research firms have commented on MU. Mizuho dropped their price objective on shares of Micron Technology from $1,375.00 to $1,300.00 and set an "outperform" rating for the company in a report on Tuesday, August 25th. Morgan Stanley lifted their target price on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of Micron Technology in a research report on Friday, August 7th. Erste Group Bank raised Micron Technology from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. Finally, ThinkEquity restated a "buy" rating on shares of Micron Technology in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has an average rating of "Buy" and an average target price of $1,295.63.

Micron Technology Stock Down 0.2%

Shares of NASDAQ MU opened at $975.26 on Friday. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 12-month low of $153.21 and a 12-month high of $1,255.00. The firm's 50-day moving average price is $929.44 and its 200-day moving average price is $754.92. The stock has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 0.62 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last released 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. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same quarter last year, the business posted $1.91 earnings per share. The firm's 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. On average, equities research analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology's dividend payout ratio (DPR) is presently 1.36%.

Insider Transactions at Micron Technology

In other news, CAO Scott Allen sold 879 shares of the business's stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares of the company's stock, valued at approximately $34,958,000. The trade was a 2.45% 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 Dugle sold 1,300 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director owned 17,728 shares in the company, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

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