Bellars Harris Wealth Management LLC Purchases New Position in Micron Technology, Inc. $MU

Key Points

• Bellars Harris Wealth Management purchased 7,535 Micron shares worth approximately $8.7 million, making the stock 1.8% of its portfolio. Institutional investors collectively own 80.84% of Micron.
• Micron reported quarterly EPS of $25.11 versus the $21.39 consensus estimate, while revenue reached $41.46 billion, up 345.8% year over year. Analysts maintain a broadly bullish view, with an average price target of $1,295.63.
• Insider selling remains a potential concern: insiders sold 217,179 shares worth roughly $220.6 million over the past three months, while insiders own only 0.24% of the company.

Bellars Harris Wealth Management LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,535 shares of the semiconductor manufacturer's stock, valued at approximately $8,698,000. Micron Technology accounts for about 1.8% of Bellars Harris Wealth Management LLC's investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds also recently bought and sold shares of the business. Heritage Trust Co lifted its stake in Micron Technology by 9.7% in the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock valued at $4,289,000 after buying an additional 1,323 shares in the last quarter. Castleark Management LLC purchased a new stake in Micron Technology during the 1st quarter worth approximately $3,709,000. Legacy Wealth Management LLC MS increased its stake in Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock worth $4,091,000 after buying an additional 1,499 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer's stock valued at $56,006,000 after acquiring an additional 6,702 shares during the last quarter. Finally, Financial Synergies Wealth Advisors Inc. acquired a new position in shares of Micron Technology during the fourth quarter valued at approximately $1,316,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, 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 transaction, the director directly owned 17,728 shares of the company's stock, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 217,179 shares of company stock valued at $220,582,211. 0.24% of the stock is currently owned by insiders.

Micron Technology Stock Performance

Shares of MU stock opened at $938.40 on Thursday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 52 week low of $114.25 and a 52 week high of $1,255.00. The stock has a market capitalization of $1.06 trillion, a PE ratio of 21.25 and a beta of 2.18. The firm has a 50 day moving average of $959.62 and a two-hundred day moving average of $709.37.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company's revenue for the quarter was up 345.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Analyst optimism is supporting the rebound. BMO initiated coverage with an “outperform” rating and a $1,300 price target, while Mizuho maintained its “outperform” rating and set a $1,300 target despite lowering its estimate from $1,375. Finance giant sets aggressive Micron stock target after earnings
• Positive Sentiment: Investor commentary remains bullish on Micron’s long-term growth. The company’s latest quarter generated approximately $41.5 billion in revenue, up more than 345% year over year, with earnings substantially exceeding expectations. Analysts and commentators also point to accelerating revenue and profit growth and the possibility of the stock reaching $1,300 by year-end. Prediction: Micron Stock Will Reach $1,300 by the End of 2026
• Positive Sentiment: Reports that DRAM and high-bandwidth memory prices could rise sharply this quarter reinforce Micron’s pricing power. Demand from AI data centers continues to exceed supply, while management expects the memory industry to expand over the long run. Memory Shortage Deepens to Worst Levels Since 2017
• Neutral Sentiment: Micron promoted Manish Bhatia to president and chief operating officer and Scott DeBoer to president and chief technology and products officer. The changes are intended to improve execution and innovation as AI-related memory demand grows, but their financial impact will take time to assess. Micron Announces Leadership Appointments
• Neutral Sentiment: Micron will report fiscal fourth-quarter results on September 30. The release is a potential catalyst because investors will look for evidence that AI demand, pricing and margins remain strong. Micron to Report Fiscal Fourth Quarter Results
• Negative Sentiment: Risks include competition from China’s YMTC, the possibility that long-term contracts limit Micron’s ability to capture rising spot prices, and the memory industry’s historically cyclical downturns. CEO Sanjay Mehrotra’s sale of 40,000 shares for approximately $38.8 million—and continued insider selling without reported purchases—may also weigh on sentiment. Sanjay Mehrotra Sells 40,000 Shares

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MU. Barclays lifted their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Erste Group Bank upgraded Micron Technology from a "hold" rating to a "buy" rating in a report on Thursday, June 25th. Seaport Research Partners reaffirmed a "buy" rating on shares of Micron Technology in a research note on Friday, August 14th. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Micron Technology in a research note on Friday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $1,295.63.

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.

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