Gateway Wealth Partners LLC Purchases 5,058 Shares of Micron Technology, Inc. $MU

Key Points

• Gateway Wealth Partners increased its Micron position by 622.1% in the first quarter, purchasing 5,058 additional shares for a total of 5,871 shares valued at approximately $1.98 million. Institutional investors own 80.84% of Micron.
• Micron reported strong quarterly results, with revenue up 345.8% year over year to $41.46 billion and EPS of $25.11, exceeding consensus by $3.72. Analysts remain broadly bullish, with a consensus price target of $1,268.93.
• Despite strong fundamentals, Micron shares have fallen 8.9% amid AI-bubble concerns, profit-taking and fears that expanding Chinese memory production could pressure pricing and market share. Insiders also sold more than $190.8 million of stock over the last quarter.

Gateway Wealth Partners LLC grew its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 622.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,871 shares of the semiconductor manufacturer's stock after purchasing an additional 5,058 shares during the period. Gateway Wealth Partners LLC's holdings in Micron Technology were worth $1,984,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MU. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology in the 1st quarter worth about $27,000. High Note Wealth LLC lifted its position in shares of Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 34 shares in the last quarter. Steigerwald Gordon & Koch Inc. lifted its position in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 96 shares in the last quarter. Bayban purchased a new position in shares of Micron Technology in the 4th quarter worth approximately $29,000. Finally, Financial Life Planners purchased a new position in shares of Micron Technology in the 1st quarter worth approximately $36,000. 80.84% of the stock is owned by institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Potential U.S. tariffs or restrictions on Chinese memory chips could strengthen Micron’s domestic competitive position, pricing power and margins by limiting lower-cost competition from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies. Chips & Clips: Memory Tariffs Rewire Tech Supply Chains
• Positive Sentiment: Micron’s latest results remain a fundamental support: quarterly revenue reached $41.46 billion, up 345.8% year over year, while earnings per share of $25.11 exceeded consensus by $3.72. Analysts and some commentary continue to view AI-driven demand, high-bandwidth memory and contracted customer agreements as evidence this cycle may be structurally stronger than prior memory booms. Micron: The Boom And Bust Memory Cycle Could Finally Be Dead
• Neutral Sentiment: CME Group launched nearly round-the-clock single-stock futures, including contracts linked to Micron. The move may improve access and liquidity but also allows investors to react more quickly to overnight semiconductor news. CME launches single stock futures enabling investors to trade SpaceX, Micron 23 hours a day
• Negative Sentiment: Investors are reducing exposure to the AI trade amid fears of an AI bubble, expensive data-center financing and concerns that semiconductor valuations and spending expectations have become excessive. Micron was among the weakest performers in the Philadelphia Semiconductor Index as memory stocks extended their pullback. Chip Stocks Extend Pullback Amid AI Bubble Fears
• Negative Sentiment: CXMT’s blockbuster Shanghai IPO and reports of advances in China’s domestic semiconductor equipment heightened fears that Chinese manufacturers could rapidly expand DRAM production, narrow the technology gap and pressure Micron’s future pricing and market share. Why Micron Stock Just Dropped Again
• Negative Sentiment: Profit-taking is also significant after Micron’s extraordinary year-long rally. A chief accounting officer’s sale of 879 shares at approximately $1,000 per share added a minor insider-selling signal, though the transaction represented only about 2.45% of that executive’s holdings.

Insider Transactions at Micron Technology

In related news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction dated 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 completion of the sale, the director 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the sale, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 204,179 shares of company stock worth $190,836,321 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Trading Down 8.9%

Shares of MU stock opened at $820.53 on Wednesday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The firm has a market cap of $926.70 billion, a P/E ratio of 18.58 and a beta of 2.14. The company has a 50 day moving average of $973.08 and a 200-day moving average of $632.05. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating 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 business had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the prior year, the business earned $1.91 earnings per share. Micron Technology's revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology's dividend payout ratio is currently 1.36%.

Analysts Set New Price Targets

A number of brokerages recently commented on MU. Citigroup increased their price target on Micron Technology from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Mizuho boosted their price objective on Micron Technology from $1,150.00 to $1,375.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Raymond James Financial upped their price objective on Micron Technology from $1,100.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Thursday, June 25th. Wedbush raised their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Finally, UBS Group raised their target price on Micron Technology from $535.00 to $1,625.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. Four analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average 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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