Micron Technology, Inc. $MU Position Raised by WealthBridge Investment Counsel Inc.

Key Points

• WealthBridge Investment Counsel Inc. increased its stake in Micron Technology by 61.7%, owning 40,225 shares valued at approximately $4.96 million.
• Several hedge funds, including Nuveen LLC and Goldman Sachs Group Inc., significantly bolstered their positions in Micron Technology amid a strong interest from institutional investors, who hold 80.84% of the stock.
• Micron Technology reported $1.91 earnings per share in its latest quarter, exceeding estimates, and set a Q4 2025 guidance of 2.350-2.650 EPS.

WealthBridge Investment Counsel Inc. increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 61.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,225 shares of the semiconductor manufacturer's stock after purchasing an additional 15,350 shares during the quarter. Micron Technology accounts for about 1.6% of WealthBridge Investment Counsel Inc.'s investment portfolio, making the stock its 28th largest holding. WealthBridge Investment Counsel Inc.'s holdings in Micron Technology were worth $4,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Butensky & Cohen Financial Security Inc. increased its position in Micron Technology by 1.9% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 43,840 shares of the semiconductor manufacturer's stock worth $5,403,000 after purchasing an additional 823 shares in the last quarter. Shelton Wealth Management LLC increased its position in Micron Technology by 22.5% during the 2nd quarter. Shelton Wealth Management LLC now owns 12,737 shares of the semiconductor manufacturer's stock worth $1,570,000 after purchasing an additional 2,337 shares in the last quarter. Diversified Trust Co increased its position in Micron Technology by 61.2% during the 2nd quarter. Diversified Trust Co now owns 8,222 shares of the semiconductor manufacturer's stock worth $1,013,000 after purchasing an additional 3,122 shares in the last quarter. TCV Trust & Wealth Management Inc. acquired a new stake in Micron Technology during the 2nd quarter worth approximately $231,000. Finally, Mandatum Life Insurance Co Ltd increased its position in Micron Technology by 16.3% during the 2nd quarter. Mandatum Life Insurance Co Ltd now owns 54,631 shares of the semiconductor manufacturer's stock worth $6,733,000 after purchasing an additional 7,650 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total transaction of $1,876,800.00. Following the completion of the transaction, the executive vice president directly owned 148,167 shares in the company, valued at approximately $18,538,655.04. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott J. Deboer sold 20,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $125.11, for a total value of $2,502,200.00. Following the transaction, the executive vice president owned 166,353 shares in the company, valued at $20,812,423.83. This trade represents a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 275,946 shares of company stock worth $34,242,567. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MU. Arete Research raised shares of Micron Technology to a "strong-buy" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Micron Technology from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Wolfe Research increased their price objective on shares of Micron Technology from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Wednesday. KGI Securities downgraded shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Finally, Mizuho increased their price objective on shares of Micron Technology from $155.00 to $182.00 and gave the company an "outperform" rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $163.50.

Micron Technology Stock Down 3.6%

Shares of Micron Technology stock traded down $6.16 on Friday, hitting $162.73. 37,222,841 shares of the company's stock traded hands, compared to its average volume of 19,869,376. The stock has a market cap of $182.11 billion, a P/E ratio of 29.32 and a beta of 1.47. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The firm's 50-day moving average is $123.82 and its 200 day moving average is $105.66. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $170.45.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating the consensus estimate of $1.57 by $0.34. The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same period in the prior year, the business posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, July 7th. Micron Technology's dividend payout ratio is 8.29%.

Micron Technology Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.