Wallington Asset Management LLC Has $21.62 Million Stake in Micron Technology, Inc. $MU

Key Points

• Wallington Asset Management cut its Micron Technology stake by 22.1% in the first quarter, selling 18,155 shares and ending with 64,011 shares worth about $21.6 million. Micron remains a meaningful holding, representing 2.9% of the fund’s portfolio.
• Micron posted blockbuster quarterly results, beating EPS and revenue estimates with $25.11 EPS and $41.46 billion in revenue, while revenue surged 345.8% year over year. The company also issued upbeat Q4 2026 guidance of $30–$32 EPS.
• Analysts remain broadly bullish after the earnings report, with several firms lifting price targets sharply and the consensus rating staying at “Buy.” The stock has also seen insider selling, including transactions by the CFO/EVP and CEO over the last quarter.

Wallington Asset Management LLC lessened its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 22.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,011 shares of the semiconductor manufacturer's stock after selling 18,155 shares during the quarter. Micron Technology accounts for approximately 2.9% of Wallington Asset Management LLC's investment portfolio, making the stock its 11th biggest holding. Wallington Asset Management LLC's holdings in Micron Technology were worth $21,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its stake in shares of Micron Technology by 10.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer's stock worth $83,000 after buying an additional 23 shares during the last quarter. Manning & Napier Advisors LLC lifted its position in Micron Technology by 2.4% during the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer's stock worth $301,000 after acquiring an additional 24 shares during the last quarter. Essex Bank boosted its holdings in shares of Micron Technology by 2.0% during the first quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer's stock worth $423,000 after acquiring an additional 24 shares during the period. SWAN Capital LLC grew its position 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 purchasing an additional 24 shares during the last quarter. Finally, Vivaldi Capital Management LP lifted its holdings in Micron Technology by 1.2% during the 4th quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer's stock worth $561,000 after purchasing an additional 24 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

Shares of MU opened at $1,132.33 on Monday. 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 $1.28 trillion, a price-to-earnings ratio of 25.64 and a beta of 2.15. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,255.00. The stock has a fifty day moving average of $817.22 and a 200-day moving average of $526.61.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating 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 company's revenue was up 345.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 61.55 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is 1.36%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MU shares. KeyCorp boosted their price target on Micron Technology from $600.00 to $1,600.00 and gave the company an "overweight" rating in a research note on Thursday. Wedbush lifted their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Thursday. DA Davidson boosted their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a "buy" rating in a research report on Thursday. Summit Insights downgraded shares of Micron Technology from a "buy" rating to a "hold" rating in a report on Thursday, March 19th. Finally, UBS Group raised their target price on shares of Micron Technology from $535.00 to $1,625.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $1,263.76.

More Micron Technology News

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

• Positive Sentiment: Analysts turned more bullish after Micron’s blowout earnings and strong AI-memory demand, with multiple firms raising price targets and saying the company’s long-term customer agreements improve revenue visibility. Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
• Positive Sentiment: Micron’s results showed surging revenue, record margins, and management commentary that AI-driven memory shortages could persist for years, reinforcing the bull case for continued pricing power. Micron stock jumps over 16% in premarket trading after blockbuster earnings
• Positive Sentiment: New articles also argue Micron is a key beneficiary of the AI memory boom and may still have room to run because demand is outpacing supply across data centers and AI infrastructure. Micron + One Explosive AI Memory Stock to Buy Before H2 2026
• Neutral Sentiment: Some coverage says investors are reassessing Micron after a huge rally, with a few commentators warning the stock could already be pricing in peak-cycle profits. Micron Was Yesterday's Win — Here's How to Find Tomorrow's
• Negative Sentiment: Micron is also being pressured by a broader tech and chip selloff, with traders taking profits after the post-earnings surge and global semiconductor stocks coming under pressure. Micron falls 5% in premarket, paring earlier gains amid tech rout

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the sale, the chief executive officer directly owned 424,503 shares of the company's stock, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,000 shares of company stock worth $85,486,715 over the last quarter. 0.24% of the stock is currently owned by insiders.

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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