Bellwether Advisors LLC Purchases Shares of 4,878 Micron Technology, Inc. $MU

Key Points

• Bellwether Advisors opened a new position in Micron Technology, buying 4,878 shares valued at about $1.65 million in the first quarter.
• Micron has attracted more bullish attention as memory stocks rebound, with analysts citing stronger AI-driven memory demand and data-center shortages as reasons the recent selloff may have been overdone.
• The company posted a strong quarter, beating earnings and revenue expectations, while analysts remain upbeat overall with a consensus Buy rating and a price target above current levels.

Bellwether Advisors LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,878 shares of the semiconductor manufacturer's stock, valued at approximately $1,648,000.

Several other institutional investors have also recently made changes to their positions in MU. High Note Wealth LLC boosted its stake in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 34 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Micron Technology in the 1st quarter worth about $27,000. Steigerwald Gordon & Koch Inc. raised its holdings in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 96 shares during the period. Finally, Bayban purchased a new position in Micron Technology during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron is benefiting from a broad rebound in memory stocks, with SanDisk, SK Hynix, and Western Digital also bouncing as investors bet the recent slump was overdone. MU, SNDK, SKHY: Memory Stocks Rip Higher as Key Names Lead a Buy-the-Dip Comeback
• Positive Sentiment: Bank of America’s bullish take that low-cost AI models could increase memory demand helped revive sentiment around Micron and other chip stocks. Micron stock jumps 12%: what is driving the memory stock today
• Positive Sentiment: Multiple notes highlighted that the recent memory-stock selloff may have created an attractive entry point, with analysts saying data-center shortages and AI spending should keep demand firm. Why Micron and other chip stocks are bouncing back so strongly
• Positive Sentiment: Wall Street commentary remained constructive, with reports that Micron was added to “best investment ideas” lists and that analysts still see strong profitability from the AI memory cycle. NVIDIA Isn't Leading AI Stocks in 2026 - These 2 Are Up Over 180%
• Neutral Sentiment: Some coverage also noted that traders are watching upcoming Big Tech earnings for clues on AI infrastructure spending, which could either extend the rally or cool it off. Micron and SK Hynix Stocks Jump. Watch for This Memory-Related Catalyst.
• Negative Sentiment: A few articles warned that valuations may already reflect a lot of the AI boom, and that customers could eventually push back against soaring memory costs, creating a risk of more volatility. Micron and SK Hynix Stocks Jump. Watch for This Memory-Related Catalyst.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the transaction, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 163,300 shares of company stock worth $152,667,204. Insiders own 0.24% of the company's stock.

Micron Technology Stock Up 12.2%

Shares of MU opened at $970.82 on Wednesday. The company's 50-day simple moving average is $954.95 and its 200-day simple moving average is $610.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,255.00. The stock has a market capitalization of $1.10 trillion, a PE ratio of 21.98 and a beta of 2.14.

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

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's payout ratio is currently 1.36%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MU shares. Rosenblatt Securities raised their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. Barclays upped their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an "overweight" rating in a research note on Thursday, June 25th. Bank of America increased their price objective on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. UBS Group increased their price target 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, Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a report on Monday, June 22nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $1,268.93.

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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