Micron Technology, Inc. $MU is Appleton Partners Inc. MA's 10th Largest Position

Key Points

• Appleton Partners Inc. MA reduced its Micron stake by 12.6% in the first quarter, selling 14,881 shares and leaving it with 102,823 shares worth about $34.7 million. Micron remains the fund’s 10th largest holding, representing 2.4% of its portfolio.
• Analyst sentiment is very bullish, with several firms recently raising price targets and reiterating buy/overweight ratings. MarketBeat data shows a consensus rating of “Buy” and an average price target of $1,263.76.
• Micron reported strong quarterly results, beating EPS and revenue estimates and posting 345.8% year-over-year revenue growth. The company also issued upbeat Q4 2026 guidance of 30.0 to 32.0 EPS.

Appleton Partners Inc. MA cut its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 12.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,823 shares of the semiconductor manufacturer's stock after selling 14,881 shares during the period. Micron Technology accounts for 2.4% of Appleton Partners Inc. MA's investment portfolio, making the stock its 10th largest holding. Appleton Partners Inc. MA's holdings in Micron Technology were worth $34,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Advisors Ltd. LLC lifted its holdings in shares of Micron Technology by 10.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer's stock valued at $83,000 after purchasing an additional 23 shares during the last quarter. Manning & Napier Advisors LLC lifted its stake in Micron Technology by 2.4% in the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer's stock valued at $301,000 after buying an additional 24 shares during the last quarter. Essex Bank boosted its holdings in shares of Micron Technology by 2.0% in the first quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer's stock valued at $423,000 after acquiring an additional 24 shares during the period. SWAN Capital LLC boosted its holdings in shares of Micron Technology by 9.7% in the fourth quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer's stock valued at $77,000 after acquiring an additional 24 shares during the period. Finally, Vivaldi Capital Management LP grew its position in shares of Micron Technology by 1.2% during the fourth quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer's stock worth $561,000 after acquiring an additional 24 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Micron Technology

In related news, Director Steven J. Gomo sold 2,000 shares of the firm's stock in a transaction dated Monday, May 11th. The shares were 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 in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sumit Sadana sold 24,000 shares of the business's stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 147,300 shares of company stock worth $119,422,004. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on MU shares. Barclays upped their price target on shares of 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. KeyCorp increased their target price on shares of Micron Technology from $600.00 to $1,600.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Cantor Fitzgerald reissued an "overweight" rating and set a $1,500.00 price target on shares of Micron Technology in a report on Thursday, June 25th. Erste Group Bank upgraded Micron Technology from a "hold" rating to a "buy" rating in a research report on Thursday, June 25th. Finally, TD Cowen upped their price objective on Micron Technology from $1,500.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $1,263.76.

Key Micron Technology News

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

• Positive Sentiment: Micron continues to benefit from strong earnings, tight memory-chip supply, and bullish analyst views following its blowout quarterly report. The Single Most Important Number from Micron's Monster Earnings Report
• Positive Sentiment: A new long-term supply deal with General Motors broadens Micron’s customer base and supports demand visibility beyond AI data centers. General Motors Secures Micron Deal For Future Software Defined Vehicles
• Neutral Sentiment: Micron’s $250 million Trump Accounts commitment is generating headlines, but it is unlikely to materially affect near-term earnings. Micron Technology Announces $250 Mln Investment In Trump Accounts
• Negative Sentiment: Broad selling in semiconductor and memory stocks, along with fears of future oversupply, is pressuring MU alongside peers like SanDisk and Seagate. Micron Stock Extends Decline Despite Trump's Praise and Bullish Analyst Views
• Negative Sentiment: Michael Burry’s new short position against Micron added a high-profile bearish catalyst and may be fueling caution around the stock. Michael Burry Says He Shorted Micron Technology

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $975.56 on Monday. The company has a market cap of $1.10 trillion, a price-to-earnings ratio of 22.09 and a beta of 2.14. The firm's 50-day simple moving average is $876.93 and its 200-day simple moving average is $554.99. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,255.00.

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 (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm's revenue for the quarter was up 345.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts predict that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, July 6th. Micron Technology's dividend payout ratio (DPR) 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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