Zhang Financial LLC Sells 3,069 Shares of Micron Technology, Inc. $MU

Key Points

• Zhang Financial LLC reduced its Micron Technology stake by 8.3% in the fourth quarter, selling 3,069 shares and leaving it with 33,892 shares worth about $9.67 million.
• Micron has seen broad institutional interest, with hedge funds and other investors actively adjusting positions and about 80.84% of the stock now held by institutions.
• The company posted strong quarterly results, beating earnings and revenue estimates, while analysts have continued to raise price targets and maintain a consensus Buy rating.

Zhang Financial LLC cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,892 shares of the semiconductor manufacturer's stock after selling 3,069 shares during the period. Zhang Financial LLC's holdings in Micron Technology were worth $9,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MU. Generation Capital Management LLC purchased a new stake in shares of Micron Technology during the 3rd quarter valued at $238,000. Wealthfront Advisers LLC lifted its holdings in shares of Micron Technology by 9.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock valued at $15,962,000 after purchasing an additional 8,489 shares during the last quarter. Westpac Banking Corp lifted its holdings in shares of Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock valued at $3,863,000 after purchasing an additional 16,509 shares during the last quarter. Avanda Investment Management Pte. Ltd. purchased a new stake in shares of Micron Technology during the 3rd quarter valued at $418,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Micron Technology by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock valued at $1,196,427,000 after purchasing an additional 1,188,296 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: UBS sharply raised its price target on Micron to $1,625 from $535, while Barclays also boosted its target, reinforcing the view that AI-driven memory demand could support much higher earnings and valuation multiples. Micron Technology had its price target raised by UBS Group AG from $535.00 to $1,625.00.
• Positive Sentiment: Several reports highlighted Micron’s record earnings strength, with soaring revenue, expanding gross margins, and management guidance that suggests AI memory shortages are still supporting strong pricing power. Will Micron's Gross Margin Expand Further With Higher Memory Pricing?
• Positive Sentiment: Multiple hedge funds and prominent investors reportedly increased their Micron stakes, a sign that institutional sentiment remains constructive despite the stock’s huge run-up. Bridgewater’s Ray Dalio Boosts Micron Stake by 586,064 Shares
• Neutral Sentiment: Micron announced that it will report fiscal third-quarter results on June 24, keeping attention on the next earnings update but not changing fundamentals by itself. Micron Technology to Report Fiscal Third Quarter Results on June 24, 2026
• Neutral Sentiment: Some articles warned the rally may be getting crowded or overextended after the trillion-dollar surge, with debate over whether valuations have outrun longer-term cycle risks. Micron: Beware Of Trillion-Dollar Trap, HBM4E Cannibalization, And Depreciation Cliff (Rating Downgrade)
• Negative Sentiment: Samsung’s new AI memory chip adds to competitive pressure, reminding investors that Micron still faces powerful rivals such as Samsung and SK Hynix in a fast-moving memory market. Samsung Ramps Up Micron Rivalry With Groundbreaking Memory Chip for AI

Micron Technology Stock Down 0.5%

MU opened at $923.52 on Friday. Micron Technology, Inc. has a fifty-two week low of $92.22 and a fifty-two week high of $956.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company has a fifty day moving average of $547.31 and a two-hundred day moving average of $407.37. The stock has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 43.60 and a beta of 1.91.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. During the same quarter last year, the business earned $1.56 earnings per share. The company's revenue for the quarter was up 196 compared to the same quarter last year. On average, research analysts expect that Micron Technology, Inc. will post 57.82 earnings per share for the current year.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is an increase from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's payout ratio is presently 2.83%.

Wall Street Analyst Weigh In

MU has been the subject of several analyst reports. Citigroup increased their price objective on Micron Technology from $425.00 to $840.00 and gave the company a "buy" rating in a report on Tuesday, May 19th. Wedbush raised their price target on shares of Micron Technology from $320.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, March 13th. Sanford C. Bernstein raised their price target on shares of Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, March 18th. Summit Insights cut shares of Micron Technology from a "buy" rating to a "hold" rating in a report on Thursday, March 19th. Finally, Barclays raised their price target on shares of Micron Technology from $450.00 to $675.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology has a consensus rating of "Buy" and an average price target of $554.80.

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 24,000 shares of the business's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. The trade was a 9.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven J. Gomo sold 2,000 shares of the business'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 transaction, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 106,000 shares of company stock valued at $47,032,460. 0.24% of the stock is currently owned by company insiders.

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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