Castle Rock Wealth Management LLC Has $8.77 Million Stock Holdings in Micron Technology, Inc. $MU

Castle Rock Wealth Management LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 46.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,595 shares of the semiconductor manufacturer's stock after buying an additional 2,409 shares during the period. Micron Technology accounts for about 1.7% of Castle Rock Wealth Management LLC's portfolio, making the stock its 9th largest holding. Castle Rock Wealth Management LLC's holdings in Micron Technology were worth $8,767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC boosted its stake in shares of Micron Technology by 245.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 414 shares of the semiconductor manufacturer's stock worth $478,000 after buying an additional 294 shares during the last quarter. Czech National Bank grew its holdings in shares of Micron Technology by 4.7% in the 2nd quarter. Czech National Bank now owns 320,996 shares of the semiconductor manufacturer's stock valued at $370,522,000 after acquiring an additional 14,469 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its position in shares of Micron Technology by 3.2% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 218,417 shares of the semiconductor manufacturer's stock valued at $252,117,000 after acquiring an additional 6,845 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Micron Technology by 289.5% in the second quarter. Assenagon Asset Management S.A. now owns 172,319 shares of the semiconductor manufacturer's stock valued at $198,906,000 after acquiring an additional 128,075 shares during the last quarter. Finally, Apella Capital LLC raised its holdings in Micron Technology by 9.4% during the second quarter. Apella Capital LLC now owns 2,675 shares of the semiconductor manufacturer's stock worth $3,088,000 after acquiring an additional 230 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: Micron remains a favored growth stock because its fiscal third-quarter results were well above expectations, with $41.5 billion in revenue, $25.11 in adjusted EPS and revenue growth of more than 345% year over year. The company also issued strong fourth-quarter guidance. Micron & 2 Profitable Stocks Smart Investors Are Buying in August
• Positive Sentiment: AI infrastructure demand continues to support Micron’s high-bandwidth memory business. Industry commentary indicates that memory demand may exceed global supply for several years, while Micron’s 2026 HBM output is reportedly sold out and customer agreements provide additional revenue visibility. How SpaceX’s Earnings Call Turned Bullish for Memory Stocks
• Positive Sentiment: Several analysts and financial publications view MU as attractively valued after its pullback, with reported price targets materially above the current trading level. Record cash flow could also support share repurchases across the memory industry. Micron Is an Incredible Bargain Below $1,000

Analyst Ratings Changes

MU has been the subject of several recent research reports. DA Davidson increased their price target on Micron Technology from $1,500.00 to $2,000.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Barclays boosted their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. UBS Group upped their price objective on Micron Technology from $535.00 to $1,625.00 and gave the stock a "buy" rating in a research note on Tuesday, May 26th. Cantor Fitzgerald reissued an "overweight" rating and issued a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Finally, Wedbush raised their target price on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $1,268.93.

Micron Technology Stock Down 1.3%

MU stock opened at $881.47 on Friday. Micron Technology, Inc. has a fifty-two week low of $110.79 and a fifty-two week high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock has a market capitalization of $995.52 billion, a price-to-earnings ratio of 19.96 and a beta of 2.18. The business's fifty day moving average price is $976.89 and its two-hundred day moving average price is $657.02.

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 (EPS) for the quarter, beating analysts' consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. During the same quarter in the previous year, the business posted $1.91 earnings per share. Micron Technology's quarterly 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 analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Lynn A. Dugle sold 1,300 shares of the firm's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the transaction, the director owned 17,728 shares in the company, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott R. Allen sold 879 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at $34,958,000. This represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 164,179 shares of company stock valued at $169,385,921 in the last quarter. Company insiders own 0.24% of the company's stock.

Micron Technology 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.

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