Wellington Grp LLC Buys 1,676 Shares of Micron Technology, Inc. $MU

Key Points

• Wellington Group increased its Micron position by 48.3% in the first quarter, adding 1,676 shares for a total of 5,147 shares valued at approximately $1.74 million. Institutional investors collectively own 80.84% of Micron’s stock.
• Micron reported a significant quarterly earnings beat, with EPS of $25.11 versus the $21.39 consensus estimate and revenue of $41.46 billion, up 345.8% year over year. Strong memory demand tied to AI and ongoing supply constraints continue to support the company’s outlook.
• Analysts maintain a broadly bullish view, with a consensus “Buy” rating and a $1,268.93 price target, although the stock remains highly volatile and recent insider selling and bearish bets have added near-term pressure.

Wellington Grp LLC raised its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 48.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 5,147 shares of the semiconductor manufacturer's stock after acquiring an additional 1,676 shares during the period. Micron Technology comprises 0.5% of Wellington Grp LLC's portfolio, making the stock its 29th biggest position. Wellington Grp LLC's holdings in Micron Technology were worth $1,739,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Verus Capital Partners LLC grew its position in Micron Technology by 1,375.1% in the first quarter. Verus Capital Partners LLC now owns 85,438 shares of the semiconductor manufacturer's stock valued at $28,864,000 after purchasing an additional 79,646 shares in the last quarter. Evolutionary Tree Capital Management LLC acquired a new stake in Micron Technology in the 1st quarter valued at $2,505,000. GKV Capital Management Co. Inc. increased its stake in Micron Technology by 120.0% in the 1st quarter. GKV Capital Management Co. Inc. now owns 3,854 shares of the semiconductor manufacturer's stock valued at $1,302,000 after buying an additional 2,102 shares during the last quarter. Essential Partners LLC lifted its position in Micron Technology by 6.1% during the 1st quarter. Essential Partners LLC now owns 2,712 shares of the semiconductor manufacturer's stock worth $916,000 after buying an additional 155 shares in the last quarter. Finally, Vestor Capital LLC lifted its position in Micron Technology by 422.9% during the 1st quarter. Vestor Capital LLC now owns 22,619 shares of the semiconductor manufacturer's stock worth $7,642,000 after buying an additional 18,293 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology Stock Performance

Shares of MU opened at $823.03 on Friday. The firm has a 50-day moving average of $976.92 and a 200-day moving average of $639.97. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,255.00. The company has a market cap of $929.52 billion, a PE ratio of 18.63 and a beta of 2.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were given 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 of this dividend was Monday, July 6th. Micron Technology's payout ratio is 1.36%.

More Micron Technology News

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

• Positive Sentiment: Memory shortage outlook remains supportive: Apple CEO Tim Cook said memory costs rose significantly in the latest quarter and are likely to remain elevated, while Samsung indicated supply constraints could persist through 2028. These comments reinforce expectations for strong pricing and demand for Micron’s DRAM and high-bandwidth memory products. Why Micron Stock Is Rising on What Apple's Tim Cook Didn't Say
• Positive Sentiment: Sector fund flows and AI spending provide support: Semiconductor ETFs attracted substantial new money this week as investors responded to strong technology earnings. Separate analyst commentary continues to point to more than $750 billion in planned 2026 Big Tech AI spending, supporting long-term demand for Micron’s AI memory products. Semiconductor ETFs Draw Cash This Week as Chip Stocks Rally
• Positive Sentiment: Fundamentals and valuation remain bullish arguments: Micron recently reported much better-than-expected quarterly earnings and revenue, with revenue up more than 345% year over year. Analysts cited strong free cash flow, strategic customer agreements and AI-driven demand, with reported price targets substantially above the current trading level.
• Neutral Sentiment: Technical trading is highly volatile: MU rebounded from a key support area and generated a bullish trading signal, but significant overhead resistance remains. Large intraday swings and elevated options activity are making short-term direction difficult to predict. Micron stock rebounds off key support, but technical overhead persists
• Negative Sentiment: Near-term selling pressure weighs on the shares: Reports attributed the latest weakness to semiconductor-sector profit-taking, leveraged-fund liquidations and updated short positions. A prominent bearish investor, Michael Burry, also disclosed expanded bets against Micron and other chip stocks, adding to negative sentiment. Why Is Micron Stock Falling on Friday?
• Negative Sentiment: Insider selling is another overhang: Recent disclosures show extensive sales by Micron executives, including CEO Sanjay Mehrotra, with no reported insider purchases in the cited six-month period. While these transactions may be scheduled, investors may interpret them as a short-term confidence signal.

Insider Activity

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the company's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn A. Dugle sold 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The shares were 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 approximately $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 164,179 shares of company stock valued at $169,385,921. 0.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MU has been the subject of a number of recent research reports. Rosenblatt Securities raised their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Bank of America lifted their target price on Micron Technology from $950.00 to $1,500.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Susquehanna upped their target price on Micron Technology from $1,750.00 to $2,000.00 and gave the stock a "positive" rating in a report on Thursday, June 25th. Wells Fargo & Company increased their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. Finally, Wolfe Research set a $1,500.00 price target on Micron Technology in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $1,268.93.

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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