Jessup Wealth Management Inc Lowers Holdings in Micron Technology, Inc. $MU

Key Points

• Jessup Wealth Management reduced its Micron stake by 6.8% in the first quarter, selling 1,197 shares and retaining 16,339 shares valued at approximately $5.52 million. Institutional investors collectively own 80.84% of Micron.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $1,268.93. Recent targets from Rosenblatt, Citigroup and DA Davidson were raised as high as $2,000.
• Micron reported quarterly EPS of $25.11 versus a $21.39 estimate and revenue of $41.46 billion, up 345.8% year over year. Despite strong AI-driven memory demand and optimistic guidance, the stock faces volatility from semiconductor-sector profit-taking and insider selling.

Jessup Wealth Management Inc lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,339 shares of the semiconductor manufacturer's stock after selling 1,197 shares during the quarter. Micron Technology comprises about 2.0% of Jessup Wealth Management Inc's holdings, making the stock its 18th largest position. Jessup Wealth Management Inc's holdings in Micron Technology were worth $5,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of MU. Signature Equity Partners LLC grew its holdings in Micron Technology by 6.3% in the first quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer's stock valued at $86,000 after purchasing an additional 15 shares during the period. Clearwater Capital Advisors LLC raised its stake in Micron Technology by 1.1% during the first quarter. Clearwater Capital Advisors LLC now owns 1,617 shares of the semiconductor manufacturer's stock worth $546,000 after purchasing an additional 18 shares during the period. Capital Advisors Ltd. LLC raised its stake in Micron Technology by 10.3% during the first quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer's stock worth $83,000 after purchasing an additional 23 shares during the period. Manning & Napier Advisors LLC boosted its holdings in shares of Micron Technology by 2.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer's stock valued at $301,000 after purchasing an additional 24 shares during the last quarter. Finally, Essex Bank boosted its holdings in shares of Micron Technology by 2.0% in the 1st quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer's stock valued at $423,000 after purchasing an additional 24 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings restated a "buy (b)" rating on shares of Micron Technology in a report on Tuesday, May 12th. Rosenblatt Securities lifted their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 target price on Micron Technology in a report on Monday, June 22nd. Citigroup boosted 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. Finally, DA Davidson upped their price target on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Micron Technology currently has a consensus rating of "Buy" and a consensus price target of $1,268.93.

Micron Technology News Summary

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

• Positive Sentiment: Micron remains a key beneficiary of AI infrastructure spending, with bullish coverage highlighting rising demand for HBM, DRAM and NAND as memory intensity increases in next-generation AI systems. Micron Is A Strong Buy Again Because Of Kimi K3
• Positive Sentiment: Micron’s HBM4 ramp-up and faster yield gains could support revenue and margin growth, reinforcing its position in the AI memory race. Micron Boosts HBM4 Ramp-Up: Will It Help MU Lead the AI Memory Race?
• Neutral Sentiment: Analysts and market commentators continue to point to strong long-term fundamentals, but this support is being offset by near-term volatility in the chip trade. Micron Stock Price Stalls Below $1,000 – Here’s Why Analysts Aren’t Worried
• Negative Sentiment: Semiconductor stocks are sliding broadly as investors lock in gains after a huge 2026 rally, with valuation concerns and leveraged-position unwinding hitting the group. Semiconductor Crossroads: Healthy Consolidation or Deeper Repricing?
• Negative Sentiment: Chip stocks, including Micron, are also being pressured by weakness in Korean memory names and concern over Chinese memory developments, adding to the selloff in U.S. memory shares. Why Micron and other major chip stocks are falling — even as the rest of tech holds up

Insider Buying and Selling

In other news, Director Steven J. Gomo sold 2,000 shares of the company's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares of the company's stock, valued at $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the 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 of the company's stock, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 163,300 shares of company stock worth $152,667,204. Company insiders own 0.24% of the company's stock.

Micron Technology Price Performance

Micron Technology stock opened at $920.95 on Monday. The firm has a fifty day moving average of $966.27 and a 200-day moving average of $624.74. Micron Technology, Inc. has a 52-week low of $103.38 and a 52-week high of $1,255.00. 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 capitalization of $1.04 trillion, a P/E ratio of 20.85 and a beta of 2.14.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the previous year, the business posted $1.91 EPS. The business'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. As a group, analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were paid 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 was Monday, July 6th. Micron Technology's payout ratio is currently 1.36%.

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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