Centennial Wealth Advisory LLC Has $666,000 Holdings in Micron Technology, Inc. $MU

Centennial Wealth Advisory LLC cut its stake in Micron Technology, Inc. (NASDAQ:MU) by 31.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,971 shares of the semiconductor manufacturer’s stock after selling 922 shares during the period. Centennial Wealth Advisory LLC’s holdings in Micron Technology were worth $666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kercheville Advisors LLC raised its position in shares of Micron Technology by 54.4% during the first quarter. Kercheville Advisors LLC now owns 12,355 shares of the semiconductor manufacturer’s stock valued at $4,174,000 after buying an additional 4,355 shares during the last quarter. Weaver Capital Management LLC raised its holdings in Micron Technology by 22.7% in the 1st quarter. Weaver Capital Management LLC now owns 3,788 shares of the semiconductor manufacturer’s stock valued at $1,280,000 after acquiring an additional 700 shares in the last quarter. CENTRAL TRUST Co raised its holdings in Micron Technology by 15.0% in the 1st quarter. CENTRAL TRUST Co now owns 3,562 shares of the semiconductor manufacturer’s stock valued at $1,203,000 after acquiring an additional 464 shares in the last quarter. Cora Capital Advisors LLC lifted its position in shares of Micron Technology by 21.3% in the 1st quarter. Cora Capital Advisors LLC now owns 941 shares of the semiconductor manufacturer’s stock worth $318,000 after acquiring an additional 165 shares during the period. Finally, Cache Advisors LLC acquired a new stake in shares of Micron Technology during the 1st quarter worth approximately $657,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Down 13.2%

Shares of Micron Technology stock opened at $1,051.77 on Wednesday. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,213.56. The stock has a market capitalization of $1.19 trillion, a P/E ratio of 49.66 and a beta of 2.16. The company has a 50-day simple moving average of $776.51 and a 200 day simple moving average of $507.79. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Erste Group Bank lowered Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. UBS Group boosted their price target on shares of Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Barclays increased their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Wedbush raised their price objective on shares of Micron Technology from $500.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Finally, Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a research report on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $1,008.13.

More Micron Technology News

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

• Positive Sentiment: Micron announced a strategic AI infrastructure agreement with Anthropic that includes memory and storage supply, AI architecture collaboration, enterprise use of Claude, and an investment in Anthropic’s funding round. Reuters article
• Positive Sentiment: Several Wall Street firms raised price targets on Micron, signaling continued confidence in AI-driven memory demand and earnings upside. Benzinga analyst update
• Neutral Sentiment: Investors are positioning for a potentially large post-earnings move, with options markets pricing in elevated volatility heading into the Q3 report. TipRanks article
• Negative Sentiment: Micron was caught in a broad tech and memory-stock selloff as traders questioned whether massive AI capex spending will translate into sufficient returns. LA Times article
• Negative Sentiment: South Korea’s KOSPI plunge and weakness in SK Hynix and Samsung Electronics added pressure on Micron, reinforcing fears that memory-chip enthusiasm may be overheating. Barron’s article

Insider Activity

In other news, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the transaction, the executive vice president owned 125,737 shares of the company’s stock, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 146,000 shares of company stock valued at $85,486,715 over the last three months. 0.24% of the stock is owned by corporate 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.