Wellington Altus USA Inc. Buys 1,762 Shares of Micron Technology, Inc. $MU

Key Points

• Wellington Altus USA increased its Micron stake by 497.7% in the second quarter, purchasing 1,762 additional shares for a total of 2,116 shares valued at approximately $2.44 million. Institutional investors collectively own 80.84% of Micron.
• Micron shares rose 5.5% to $977.50, while the company reported quarterly EPS of $25.11 versus the $21.39 consensus and revenue of $41.46 billion, up 345.8% year over year.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $1,295.63, supported by strong AI-related memory demand. However, insiders have sold more than $182 million of stock over the past 90 days, highlighting a potential risk.

Wellington Altus USA Inc. grew its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 497.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,116 shares of the semiconductor manufacturer's stock after purchasing an additional 1,762 shares during the period. Micron Technology makes up about 1.6% of Wellington Altus USA Inc.'s holdings, making the stock its 10th largest holding. Wellington Altus USA Inc.'s holdings in Micron Technology were worth $2,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IKE Capital LLC purchased a new stake in Micron Technology in the 2nd quarter valued at about $629,000. Anchor Investment Management LLC increased its position in shares of Micron Technology by 2.0% during the second quarter. Anchor Investment Management LLC now owns 12,303 shares of the semiconductor manufacturer's stock valued at $14,201,000 after acquiring an additional 243 shares during the last quarter. Reynders McVeigh Capital Management LLC purchased a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $439,000. Bullseye Investment Management LLC purchased a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $27,000. Finally, ABS Direct Equity Fund LLC lifted its holdings in shares of Micron Technology by 156.6% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 2,309 shares of the semiconductor manufacturer's stock worth $2,665,000 after acquiring an additional 1,409 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Stock Up 5.5%

MU traded up $50.95 on Thursday, reaching $977.50. The company's stock had a trading volume of 21,964,075 shares, compared to its average volume of 42,768,016. The stock has a 50 day moving average of $927.56 and a two-hundred day moving average of $767.95. Micron Technology, Inc. has a fifty-two week low of $154.65 and a fifty-two 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 market capitalization of $1.10 trillion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 0.59 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating 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 firm had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same period last year, the firm posted $1.91 EPS. The company'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. As a group, analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Raymond James Financial increased their price objective on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. DA Davidson increased their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a "buy" rating in a research note on Thursday, June 25th. BMO Capital Markets began coverage on Micron Technology in a report on Friday, August 21st. They set an "outperform" rating and a $1,300.00 target price for the company. Rosenblatt Securities lifted their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Finally, Susquehanna boosted their price target on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a "positive" rating in a research note on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Micron Technology has an average rating of "Buy" and a consensus price target of $1,295.63.

Insider Activity

In other news, CAO Scott R. Allen sold 879 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares of the company's stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 177,204 shares of company stock worth $182,156,264 over the last ninety days. 0.24% of the stock is owned by corporate insiders.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Memory shortage and pricing power: Intel CEO Lip-Bu Tan reportedly warned that memory prices have surged more than 500% and that shortages could worsen next year. The supply constraint is especially supportive for Micron’s DRAM and high-bandwidth memory (HBM) businesses, with industry undersupply expected to persist through 2027–2028. Micron Jumps as Intel CEO Warns of Memory Shortage
• Positive Sentiment: New server-memory product: Micron introduced a 512GB DDR5 RDIMM capable of speeds up to 9,200 MT/s. The module can reduce power consumption by more than 60% versus equivalent configurations and is being validated by AMD and Intel, strengthening Micron’s position in AI and data-center infrastructure. Volume production is planned for the second half of 2027. Micron’s New 512GB Memory Module
• Positive Sentiment: India expansion: Micron opened a $2.75 billion semiconductor assembly and testing facility in India, with management expecting production to scale substantially next year. The project broadens manufacturing capacity and supports longer-term AI-related growth. Micron India Facility
• Positive Sentiment: Strong fundamentals and upcoming catalyst: Micron’s latest quarter substantially exceeded estimates, with revenue up roughly 346% year over year. Analysts remain optimistic because strategic contracts cover a meaningful portion of DRAM and NAND volumes, while the company maintains substantial net cash and low leverage. Micron Q4 Outlook
• Neutral Sentiment: Broader market support: Lower oil prices and Treasury yields improved sentiment toward technology shares, helping memory stocks recover alongside reports of potential Intel–SK Hynix U.S. manufacturing cooperation. Memory Stocks Rise
• Negative Sentiment: Risks remain elevated: Micron’s stock has already delivered a significant gain, remains highly volatile, and is consolidating below its 52-week high. Potential competition from Intel and SK Hynix, labor-related production concerns, routine insider selling, and the possibility of a large move around earnings could limit near-term upside. Micron Earnings Volatility

Micron Technology Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

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