Legacy Wealth Management LLC MS Increases Stock Position in Micron Technology, Inc. $MU

Key Points

• Legacy Wealth Management LLC MS increased its Micron stake by 73.3% in the second quarter, ending with 3,544 shares valued at approximately $4.1 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $1,260.31, despite Citigroup lowering its target to $1,150 from $1,400.
• Micron reported strong quarterly results, including $41.46 billion in revenue, up 345.8% year over year, and EPS of $25.11 versus expectations of $21.39. However, investors face risks from potential future memory oversupply, changing Nvidia HBM requirements and increased industry capacity.

Legacy Wealth Management LLC MS grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 73.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,544 shares of the semiconductor manufacturer's stock after buying an additional 1,499 shares during the period. Micron Technology accounts for approximately 1.1% of Legacy Wealth Management LLC MS's holdings, making the stock its 16th biggest position. Legacy Wealth Management LLC MS's holdings in Micron Technology were worth $4,091,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. High Note Wealth LLC lifted its position in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 34 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology in the first quarter worth about $27,000. Steigerwald Gordon & Koch Inc. grew its holdings in Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 96 shares during the period. Bayban bought a new position in shares of Micron Technology during the fourth quarter valued at approximately $29,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Micron Technology by 91.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer's stock valued at $31,000 after purchasing an additional 52 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MU. Melius Research initiated coverage on Micron Technology in a research report on Monday, April 27th. They issued a "buy" rating and a $700.00 price target on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Micron Technology in a research report on Tuesday, May 12th. Raymond James Financial lifted 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. Citigroup dropped their target price on Micron Technology from $1,400.00 to $1,150.00 and set a "buy" rating on the stock in a report on Friday. Finally, Royal Bank Of Canada increased their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the stock 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 assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology has a consensus rating of "Buy" and a consensus price target of $1,260.31.

Micron Technology Price Performance

MU opened at $877.57 on Friday. The company's 50-day simple moving average is $975.03 and its two-hundred day simple moving average is $658.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The stock has a market capitalization of $991.12 billion, a P/E ratio of 19.87 and a beta of 2.18. Micron Technology, Inc. has a 52-week low of $111.67 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping 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 firm had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same period in the previous year, the business posted $1.91 earnings per share. The business'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. 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 announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology's payout ratio is 1.36%.

Key Micron Technology News

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

• Positive Sentiment: Citigroup lowered its price target to $1,150 from $1,400 but maintained a Buy rating, implying roughly 31% upside from the referenced price. The target cut reflects a more cautious outlook, but the continued Buy rating signals confidence in Micron’s earnings potential. Benzinga price target report
• Positive Sentiment: Micron’s latest quarterly results remain a major fundamental support: revenue rose 345.8% year over year to $41.46 billion, adjusted EPS reached $25.11, and fourth-quarter guidance calls for approximately $50 billion in revenue and about $31 in adjusted EPS. The company also disclosed 16 strategic customer agreements extending through 2030, several with pricing floors or bands that could provide more stable revenue and margins. Micron long-term AI memory contracts
• Positive Sentiment: Ongoing AI data-center expansion is supporting demand for high-bandwidth memory, while higher memory costs are contributing to increased capital spending by major cloud customers. This reinforces the view that Micron’s premium AI-memory products remain supply constrained. Amazon memory costs and capital spending
• Neutral Sentiment: SK Hynix approved approximately $38 billion for two new South Korean memory fabs. The investment highlights strong industry demand, but investors are concerned that additional supply could eventually pressure pricing and reduce Micron’s exceptional margins. SK Hynix new memory fabs
• Negative Sentiment: Fresh commentary from Citi points to a more cautious memory-pricing outlook, while weaker-than-expected outlooks from SanDisk and Western Digital have triggered a broader memory-stock selloff. Investors are increasingly focused on whether today’s AI-related shortage will lead to oversupply in future years. Why Micron stock is falling
• Negative Sentiment: Reports that Nvidia is considering lower-memory versions of future Rubin Ultra GPUs raise concerns that customers could reduce high-bandwidth memory content per system, potentially limiting long-term HBM growth. Nvidia Rubin Ultra memory report

Insiders Place Their Bets

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the business's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. The trade was a 10.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the transaction, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 164,179 shares of company stock worth $169,385,921 in the last 90 days. 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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