WealthBridge Investment Counsel Inc. Grows Stock Holdings in Micron Technology, Inc. $MU

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 Micron Technology, Inc. (NASDAQ:MU - Free Report) by 61.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,225 shares of the semiconductor manufacturer's stock after buying an additional 15,350 shares during the period. Micron Technology comprises approximately 1.6% of WealthBridge Investment Counsel Inc.'s holdings, making the stock its 28th biggest position. WealthBridge Investment Counsel Inc.'s holdings in Micron Technology were worth $4,958,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Mission Wealth Management LP lifted its position in Micron Technology by 195.2% during the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock worth $1,360,000 after purchasing an additional 10,348 shares during the period. Centre Asset Management LLC purchased a new position in shares of Micron Technology during the 1st quarter valued at about $7,720,000. Czech National Bank increased its stake in Micron Technology by 6.4% in the 1st quarter. Czech National Bank now owns 255,908 shares of the semiconductor manufacturer's stock worth $22,236,000 after acquiring an additional 15,485 shares during the last quarter. TB Alternative Assets Ltd. lifted its holdings in shares of Micron Technology by 331.3% in the 1st quarter. TB Alternative Assets Ltd. now owns 79,788 shares of the semiconductor manufacturer's stock worth $6,933,000 after buying an additional 61,288 shares during the period. Finally, Stock Yards Bank & Trust Co. acquired a new position in Micron Technology during the 1st quarter valued at about $228,000. 80.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, 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 directly owned 166,353 shares of the company's stock, valued at approximately $20,812,423.83. This trade represents a 10.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sumit Sadana sold 92,638 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the completion of the transaction, the executive vice president directly owned 201,326 shares of the company's stock, valued at $25,264,399.74. This trade represents a 31.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 275,946 shares of company stock worth $34,242,567. Company insiders own 0.30% of the company's stock.

Micron Technology Trading Down 3.6%

NASDAQ MU traded down $6.16 on Friday, hitting $162.73. 37,222,841 shares of the stock were exchanged, compared to its average volume of 20,882,956. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $170.45. The firm has a market capitalization of $182.11 billion, a P/E ratio of 29.32 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The stock has a fifty day moving average price of $123.82 and a two-hundred day moving average price of $105.66.

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

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Needham & Company LLC reissued a "buy" rating and set a $150.00 target price on shares of Micron Technology in a research note on Monday, August 11th. Wolfe Research lifted their target price on Micron Technology from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Wednesday. Piper Sandler boosted their target price on shares of Micron Technology from $120.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Rosenblatt Securities reissued a "buy" rating and set a $200.00 target price on shares of Micron Technology in a research report on Thursday. Finally, Arete Research raised shares of Micron Technology to a "strong-buy" rating in a research report on Friday, July 18th. Two research 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $163.50.

About Micron Technology

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.