WealthBridge Investment Counsel Inc. Has $16.28 Million Stock Holdings in Micron Technology, Inc. $MU

Key Points

• WealthBridge Investment Counsel cut its Micron position by 25.7% in the second quarter, selling 4,880 shares and retaining 14,101 shares valued at $16.28 million. Micron represents 4.3% of the firm’s portfolio, while institutional investors collectively own 80.84% of the stock.
• Micron reported quarterly EPS of $25.11, surpassing estimates of $21.39, while revenue rose 345.8% year over year to $41.46 billion. The company also maintained a quarterly dividend of $0.15 per share.
• Analyst sentiment remains broadly bullish, with New Street upgrading Micron to “Buy” and the consensus rating at “Buy”; however, Chinese competition, delayed fabrication capacity and potential memory-cycle volatility remain key risks.

WealthBridge Investment Counsel Inc. trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 25.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,101 shares of the semiconductor manufacturer's stock after selling 4,880 shares during the period. Micron Technology accounts for 4.3% of WealthBridge Investment Counsel Inc.'s portfolio, making the stock its 5th largest holding. WealthBridge Investment Counsel Inc.'s holdings in Micron Technology were worth $16,277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tompkins Financial Corp lifted its stake in shares of Micron Technology by 75.9% during the 2nd quarter. Tompkins Financial Corp now owns 102 shares of the semiconductor manufacturer's stock valued at $118,000 after buying an additional 44 shares in the last quarter. Secure Asset Management LLC increased its stake in Micron Technology by 4.6% in the 2nd quarter. Secure Asset Management LLC now owns 3,317 shares of the semiconductor manufacturer's stock worth $3,829,000 after buying an additional 146 shares in the last quarter. TCP Asset Management LLC purchased a new stake in Micron Technology in the 2nd quarter worth $585,000. Tensor Edge Capital LLC increased its stake in Micron Technology by 16.3% in the 2nd quarter. Tensor Edge Capital LLC now owns 271,199 shares of the semiconductor manufacturer's stock worth $313,042,000 after buying an additional 37,949 shares in the last quarter. Finally, Rainier Family Wealth Inc. bought a new stake in Micron Technology during the second quarter valued at about $457,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

MU stock opened at $971.66 on Friday. Micron Technology, Inc. has a 52 week low of $113.46 and a 52 week high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $965.49 and a two-hundred day simple moving average of $677.08. The firm has a market capitalization of $1.10 trillion, a P/E ratio of 22.00 and a beta of 2.18.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. During the same period last year, the company posted $1.91 EPS. The business's 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. Analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is currently 1.36%.

Micron Technology News Roundup

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

• Positive Sentiment: New Street upgraded Micron to “Buy” from “Neutral” and set a $1,250 price target, citing the possibility that AI is making memory demand less cyclical. The firm projects a potential $2 trillion-$3 trillion valuation for Micron by the end of the decade. Micron Upgraded to Buy on the Claim Memory Stopped Being Cyclical
• Positive Sentiment: DRAM and NAND prices are tightening again, potentially increasing the earnings impact of Micron’s rapidly expanding data-center business. Analysts are continuing to raise revenue estimates and price targets as AI infrastructure spending supports demand for high-bandwidth memory and storage. Micron Stock Jumps as Memory Pricing Tightens Again
• Positive Sentiment: Micron launched a $250 million Micron Ventures Paradigm Fund to invest across the AI technology stack, including model development, computing infrastructure, enterprise applications and physical AI. The initiative could strengthen partnerships and give Micron earlier insight into future memory and storage requirements. Micron Ventures Launches $250 Million Fund
• Neutral Sentiment: Broader semiconductor strength, record U.S. equity benchmarks and easing rate-hike expectations are supporting risk appetite for memory stocks. Technical analysts also identify approximately $1,012 as an important near-term resistance level. Micron Price Forecast
• Negative Sentiment: Risks remain from rising Chinese competition and execution timing. YMTC has surpassed Micron in NAND shipments, while Micron’s new $9.3 billion fabrication plant is not expected to produce chips until 2028. Michael Burry has also increased bearish positions involving Micron, underscoring concerns about valuation, supply growth and a possible return of memory-cycle volatility.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MU shares. Susquehanna boosted their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the company a "positive" rating in a research report on Thursday, June 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of Micron Technology in a research report on Friday, August 7th. Melius Research initiated coverage on Micron Technology in a research note on Monday, April 27th. They set a "buy" rating and a $700.00 target price on the stock. Wells Fargo & Company boosted their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Finally, New Street Research upgraded Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 price target for the company in a research note on Friday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $1,259.97.

Insider Buying and Selling

In other news, Director Lynn A. Dugle sold 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares of the company's stock, valued at $20,394,823.04. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president owned 85,737 shares of the company's stock, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 162,179 shares of company stock valued at $167,811,861. Insiders own 0.24% of the company's stock.

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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