Rep. Julia Letlow Sells Off Shares of Micron Technology, Inc. (NASDAQ:MU)

Key Points

• Representative Julia Letlow sold $1,001–$15,000 of Micron (MU) stock on Sept. 17, disclosed in a Jan. 13 filing from her Merrill Lynch account; filings also show several other $1k–$15k trades in names like United Rentals, Pinterest and Salesforce.
• Micron posted a strong quarter, beating EPS estimates ($4.78 vs. $3.77) with revenue up 56.7% year‑over‑year, set Q2 2026 guidance of $8.22–$8.62 EPS, and has drawn multiple analyst price‑target raises supporting an overall “Buy” consensus.
• Institutional and insider activity diverged: large investors (Vanguard, State Street, Norges Bank) boosted or built sizable positions (institutions own ~80.8% of MU), while insiders have both sold and bought shares recently, including an EVP sale of 26,623 shares.

Representative Julia Letlow (Republican-Louisiana) recently sold shares of Micron Technology, Inc. NASDAQ: MU. In a filing disclosed on January 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Micron Technology stock on September 17th. The trade occurred in the Representative's "MERRILL LYNCH INVESTMENT ACCOUNT #025" account.

Representative Julia Letlow also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of United Rentals NYSE: URI on 12/16/2025.
• Sold $1,001 - $15,000 in shares of Pinterest NYSE: PINS on 12/16/2025.
• Sold $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 12/16/2025.
• Sold $1,001 - $15,000 in shares of Warner Bros. Discovery NASDAQ: WBD on 12/8/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 12/8/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 12/8/2025.
• Sold $1,001 - $15,000 in shares of Mettler-Toledo International NYSE: MTD on 12/8/2025.
• Purchased $1,001 - $15,000 in shares of Icon Energy NASDAQ: ICON on 12/8/2025.
• Purchased $1,001 - $15,000 in shares of Devon Energy NYSE: DVN on 12/8/2025.
• Purchased $1,001 - $15,000 in shares of AstraZeneca NASDAQ: AZN on 12/8/2025.

Micron Technology Stock Up 3.5%

MU stock opened at $403.11 on Wednesday. The company has a 50 day moving average of $384.09 and a two-hundred day moving average of $267.51. The company has a market cap of $453.70 billion, a price-to-earnings ratio of 38.32 and a beta of 1.50. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $455.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $13.64 billion for the quarter, compared to analysts' expectations of $12.62 billion. During the same period in the previous year, the company posted $1.79 EPS. Micron Technology's revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were given a $0.115 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. Micron Technology's dividend payout ratio is presently 4.37%.

Analyst Ratings Changes

MU has been the topic of a number of recent research reports. Sanford C. Bernstein boosted their target price on Micron Technology from $270.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, January 2nd. KeyCorp raised their price target on Micron Technology from $325.00 to $450.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 13th. Susquehanna lifted their price target on Micron Technology from $345.00 to $525.00 and gave the company a "positive" rating in a report on Monday. Wolfe Research boosted their price target on Micron Technology from $300.00 to $350.00 and gave the company an "outperform" rating in a research note on Thursday, December 18th. Finally, Itau BBA Securities restated an "outperform" rating on shares of Micron Technology in a report on Thursday, December 18th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $381.14.

Micron Technology News Roundup

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

• Positive Sentiment: Strong analyst support and big price‑target raises (Citigroup, Susquehanna, Stifel, Aletheia and others) have lifted sentiment and likely contributed to buying ahead of earnings. Should You Buy Micron Stock Before March 18? Citi Analysts Say Yes.
• Positive Sentiment: Market writeups highlight AI-driven memory demand, tight HBM supply and server DDR5 opportunity — fundamentals that underpin estimates of further revenue and margin upside. AI Bottlenecks: 3 Stocks Poised to Gain from the AI Buildout
• Positive Sentiment: Company milestones — shipping large‑capacity server LPDDR modules and expanding India assembly/testing — and partnership/expansion headlines are being cited as catalysts that support a higher valuation. Micron’s AI Memory Milestone And India Expansion Raise Valuation Questions
• Positive Sentiment: Pre‑earnings momentum and sector strength are drawing investors (multiple outlets note multi‑week gains and inclusion chatter around the S&P 100), prompting short‑term buying. Micron stock draws buzz on S&P 100 inclusion
• Neutral Sentiment: General bullish coverage and “why to like” pieces (Fool, Yahoo, 247Wall) are amplifying attention but mostly restate consensus drivers rather than new, stock‑moving data. Micron Technology: Analyzing Its Potential in a Booming Industry
• Neutral Sentiment: Macro noise (e.g., a deleted Energy Secretary tweet that roiled oil markets) increases intraday volatility risk but is not MU‑specific. Deleted Tweet From Energy Secretary Sends Oil Markets on Another Wild Ride
• Negative Sentiment: Product‑sourcing news: reports that NVIDIA chose Samsung and SK Hynix for next‑gen HBM4 could pressure Micron’s hopes for share gains in that specific HBM cycle. Nvidia Selects HBM4 Memory Suppliers
• Negative Sentiment: Critical takes and concern pieces warn about concentration, competition and market cyclicality (some articles call parts of the market “vulnerable” or point to stagnation), which could amplify pullbacks if guidance disappoints. This part of the market looks ’very vulnerable’ to a deeper pullback

Institutional Trading of Micron Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock valued at $30,427,016,000 after acquiring an additional 1,954,644 shares in the last quarter. State Street Corp boosted its position in Micron Technology by 2.1% during the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer's stock worth $15,061,310,000 after purchasing an additional 1,090,644 shares during the period. Geode Capital Management LLC boosted its position in Micron Technology by 1.2% during the second quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer's stock worth $3,152,974,000 after purchasing an additional 314,489 shares during the period. Capital International Investors grew its holdings in Micron Technology by 0.7% during the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer's stock valued at $3,910,198,000 after purchasing an additional 155,860 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Micron Technology in the fourth quarter valued at approximately $6,433,456,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Insiders Place Their Bets

In related news, EVP Manish H. Bhatia sold 26,623 shares of the firm's stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the transaction, the executive vice president directly owned 323,486 shares in the company, valued at approximately $126,495,965.44. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Teyin M. Liu bought 7,820 shares of the company's stock in a transaction that occurred on Wednesday, January 14th. The stock was purchased at an average price of $337.50 per share, for a total transaction of $2,639,250.00. Following the acquisition, the director directly owned 25,910 shares in the company, valued at approximately $8,744,625. This trade represents a 43.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. Corporate insiders own 0.24% of the company's stock.

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana's 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027. Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana's 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026. Julia Letlow earned a doctorate. Letlow's career experience includes working as a senior administrator with the University of Louisiana at Monroe.

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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