Meridian Wealth Management LLC Has $53.68 Million Stock Holdings in Micron Technology, Inc. $MU

Meridian Wealth Management LLC trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,508 shares of the semiconductor manufacturer's stock after selling 1,500 shares during the quarter. Micron Technology accounts for 1.7% of Meridian Wealth Management LLC's portfolio, making the stock its 15th largest position. Meridian Wealth Management LLC's holdings in Micron Technology were worth $53,683,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Micron Technology during the 4th quarter worth approximately $6,433,456,000. AQR Capital Management LLC boosted its holdings in shares of Micron Technology by 411.9% in the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock valued at $606,873,000 after buying an additional 2,918,535 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Micron Technology by 1,340.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer's stock worth $805,148,000 after acquiring an additional 2,625,169 shares in the last quarter. Amundi increased its position in shares of Micron Technology by 65.0% during the fourth quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer's stock worth $1,424,025,000 after acquiring an additional 1,965,319 shares in the last quarter. Finally, Employees Provident Fund Board acquired a new stake in shares of Micron Technology during the fourth quarter worth $519,639,000. Institutional investors own 80.84% of the company's stock.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the sale, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 217,179 shares of company stock valued at $220,582,211 over the last three months. Corporate insiders own 0.24% of the company's stock.

Micron Technology Trading Up 2.5%

Shares of NASDAQ:MU opened at $932.97 on Wednesday. The company's 50-day moving average price is $961.71 and its two-hundred day moving average price is $705.45. Micron Technology, Inc. has a one year low of $114.25 and a one year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock has a market capitalization of $1.05 trillion, a PE ratio of 21.12 and a beta of 2.18.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating analysts' consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business's revenue was up 345.8% compared to the same quarter last year. During the same period last year, the company earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend 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 presently 1.36%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Rosenblatt Securities boosted their price target 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. Zacks Research cut Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. Barclays lifted their target price 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. Finally, TD Cowen restated a "buy" rating on shares of Micron Technology in a research note on Friday, July 10th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two 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 has an average rating of "Buy" and a consensus target price of $1,258.84.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Memory prices are expected to rise substantially this quarter, with some reports pointing to increases of as much as 50%. A shortage of DRAM and high-bandwidth memory (HBM), driven by AI data-center demand, supports Micron’s pricing power and margins. Why Micron Will Miss Out on a 50% Rise in Memory Prices
• Positive Sentiment: Analyst sentiment remains bullish. BMO initiated coverage with an “outperform” rating and a $1,300 target, while Mizuho retained “outperform” after reducing its target from $1,375 to $1,300. The target reductions temper enthusiasm slightly, but still imply substantial upside from the reference price. Finance giant sets aggressive Micron stock target after earnings
• Positive Sentiment: Commentary continues to support the long-term AI memory thesis. Micron’s recent quarterly results showed revenue of approximately $41.5 billion, up more than 345% year over year, while long-term supply agreements provide demand visibility amid constrained capacity. Micron Technology Stock Opinions on Q3 Earnings and AI Demand Strength
• Neutral Sentiment: Micron opened a 60,000-square-foot Boise training center and expanded its apprenticeship pipeline, supporting the workforce needed for its planned U.S. manufacturing expansion. The initiative is strategically positive but unlikely to materially affect near-term earnings. Micron Opens State-of-the-Art Training Center
• Negative Sentiment: Investors remain concerned that Micron’s long-term contracts could limit its ability to fully capture a potential memory-price surge. The stock has also experienced a large rally, increasing valuation and profit-taking risks. Micron’s Long-Term Contracts Cap Memory-Boom Upside
• Negative Sentiment: Competitive and sector risks remain: reports that Apple could source memory from Chinese suppliers, a potential IPO by Chinese rival YMTC and broad semiconductor weakness pressured MU recently. Micron insiders have also reported selling shares without purchases, a potential confidence signal that investors may monitor. Why Are Micron, SK Hynix and SanDisk Stocks Falling?

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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