Ferguson Wellman Capital Management Inc. Sells 13,315 Shares of Micron Technology, Inc. $MU

Key Points

• Ferguson Wellman Capital Management cut its Micron stake by 12.1%, selling 13,315 shares and retaining 96,572 shares valued at approximately $111.5 million. Institutional investors and hedge funds collectively own 80.84% of MU.
• Micron reported a strong quarter, with EPS of $25.11 versus $21.39 expected and revenue of $41.46 billion, up 345.8% year over year. The company also issued fourth-quarter 2026 guidance of $30.00–$32.00 EPS.
• Analysts remain broadly bullish, with the stock carrying an average “Buy” rating and a consensus price target of $1,295.63. However, insiders sold $182.2 million of shares in the last quarter, while Micron’s $0.15 quarterly dividend provides a yield of just 0.1%.

Ferguson Wellman Capital Management Inc. reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 12.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 96,572 shares of the semiconductor manufacturer's stock after selling 13,315 shares during the period. Micron Technology makes up approximately 1.4% of Ferguson Wellman Capital Management Inc.'s holdings, making the stock its 22nd biggest holding. Ferguson Wellman Capital Management Inc.'s holdings in Micron Technology were worth $111,472,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MU. M.E. Allison & CO. Inc. lifted its position in Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock valued at $1,528,000 after buying an additional 11 shares during the period. Cherrydale Wealth Management LLC increased its stake in shares of Micron Technology by 1.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer's stock worth $1,122,000 after acquiring an additional 13 shares in the last quarter. Bellevue Asset Management LLC lifted its position in Micron Technology by 25.5% during the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer's stock valued at $74,000 after acquiring an additional 13 shares during the period. Mowery & Schoenfeld Wealth Management LLC boosted its stake in Micron Technology by 8.8% during the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer's stock worth $186,000 after acquiring an additional 13 shares in the last quarter. Finally, Red Door Wealth Management LLC boosted its stake in Micron Technology by 0.7% during the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer's stock worth $2,209,000 after acquiring an additional 14 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $1,016.59 on Tuesday. The company has a 50-day simple moving average of $932.58 and a two-hundred day simple moving average of $741.12. The stock has a market capitalization of $1.15 trillion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.64 and a beta of 2.22. Micron Technology, Inc. has a 52-week low of $125.66 and a 52-week high of $1,255.00. 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 (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts' consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion for 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 business's revenue for the quarter was up 345.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MU. UBS Group reaffirmed a "buy" rating on shares of Micron Technology in a research note on Monday, August 10th. New Street Research raised Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 price target on the stock in a research report on Friday, August 14th. KeyCorp restated an "overweight" rating on shares of Micron Technology in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft raised their price objective on Micron Technology from $1,500.00 to $1,550.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a research note on Monday, June 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $1,295.63.

More Micron Technology News

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

• Positive Sentiment: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron's $50 Billion Guide Gets an 8.3% Signal From Seoul
• Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30
• Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat.
• Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250?
• Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam?

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CAO Scott Allen sold 879 shares of the stock in a transaction 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 sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 177,204 shares of company stock worth $182,156,264. Insiders own 0.24% of the company's stock.

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.

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