Kingsview Wealth Management LLC Acquires 52,612 Shares of Micron Technology, Inc. $MU

Key Points

• Kingsview Wealth Management increased its Micron stake by 695.8% in the second quarter, acquiring 52,612 additional shares for a total of 60,173 shares valued at approximately $69.5 million. Institutional investors collectively own 80.84% of Micron.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $1,295.63, despite some target-price reductions.
• Micron’s latest quarterly results exceeded expectations, reporting $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. Investors remain focused on AI-related HBM demand, while potential future oversupply and valuation risks could pressure the stock.

Kingsview Wealth Management LLC increased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 695.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,173 shares of the semiconductor manufacturer's stock after acquiring an additional 52,612 shares during the period. Micron Technology comprises 0.8% of Kingsview Wealth Management LLC's investment portfolio, making the stock its 23rd biggest holding. Kingsview Wealth Management LLC's holdings in Micron Technology were worth $69,457,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Tilia Fiduciary Partners Inc. bought a new position in Micron Technology during the 2nd quarter valued at $265,000. Sankala Group LLC lifted its position in shares of Micron Technology by 135.0% during the second quarter. Sankala Group LLC now owns 94 shares of the semiconductor manufacturer's stock valued at $109,000 after purchasing an additional 54 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of Micron Technology during the second quarter valued at about $82,000. 49 Wealth Management LLC purchased a new position in Micron Technology during the second quarter worth about $616,000. Finally, Capasso Planning Partners LLC purchased a new position in Micron Technology during the second quarter worth about $449,000. Institutional investors own 80.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MU. Citigroup decreased their price objective on shares of Micron Technology from $1,400.00 to $1,150.00 and set a "buy" rating for the company in a research note on Friday, August 7th. DA Davidson boosted their target price 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. UBS Group restated a "buy" rating on shares of Micron Technology in a research note on Monday, August 10th. TD Cowen reaffirmed a "buy" rating on shares of Micron Technology in a report on Friday, July 10th. Finally, Barclays increased their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the company an "overweight" rating in a research report 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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $1,295.63.

Insider Buying and Selling at Micron Technology

In other news, Director Lynn A. Dugle sold 1,300 shares of the company's stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the sale, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Scott R. Allen sold 879 shares of the firm's stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares of the company's stock, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 177,204 shares of company stock worth $182,156,264 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology News Roundup

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?

Micron Technology Price Performance

MU opened at $1,016.59 on Tuesday. The company has a 50 day moving average of $932.58 and a 200 day moving average of $741.12. The company has a market cap 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 12 month low of $125.66 and a 12 month high of $1,255.00. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.

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 (EPS) for the quarter, topping 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 firm 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 posted $1.91 earnings per share. 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. On average, sell-side analysts expect 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. Investors of record on Monday, July 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology's dividend payout ratio is 1.36%.

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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