Hoey Investments Inc. Raises Holdings in Micron Technology, Inc. $MU

Hoey Investments Inc. lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 35.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,600 shares of the semiconductor manufacturer’s stock after acquiring an additional 675 shares during the quarter. Hoey Investments Inc.’s holdings in Micron Technology were worth $878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Micron Technology during the first quarter valued at approximately $27,000. High Note Wealth LLC lifted its position in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 34 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its position in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 96 shares during the last quarter. Finally, Bayban acquired a new stake in Micron Technology in the fourth quarter valued at approximately $29,000. 80.84% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the sale, the director directly owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 187,300 shares of company stock valued at $162,779,604 in the last three months. Company insiders own 0.24% of the company’s stock.

Micron Technology Stock Down 6.7%

Shares of MU opened at $919.06 on Tuesday. The firm has a market cap of $1.04 trillion, a P/E ratio of 20.99 and a beta of 2.14. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,255.00. The stock’s 50 day moving average is $876.93 and its two-hundred day moving average is $554.99. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping 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 business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the previous year, the company earned $1.91 earnings per share. The company’s quarterly 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. Analysts predict that Micron Technology, Inc. will post 72.94 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is 1.36%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MU. Needham & Company LLC increased their price target on Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Susquehanna raised 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 report on Thursday, June 25th. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Barclays boosted their price target on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, Citigroup lifted their target price on Micron Technology from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $1,263.76.

Micron Technology News Summary

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

• Positive Sentiment: Micron signed a long-term strategic supply agreement with Ford, which improves revenue visibility and reinforces demand for its automotive memory products. Reuters: Micron, Ford sign semiconductor supply agreement for vehicles
• Positive Sentiment: Investors remain focused on Micron’s AI memory opportunity, with coverage highlighting record quarterly revenue, strong guidance, and customers locking in supply years ahead. Motley Fool: Micron Technology Just Dropped a $50 Billion Revenue Bombshell
• Positive Sentiment: Some analysts and commentators argue the recent pullback is a buy-the-dip opportunity because AI demand and memory tightness still support Micron’s earnings power. Barron’s: Micron Stock Dip Is a Buying Opportunity
• Neutral Sentiment: Micron also drew attention after EVP April Arnzen sold 40,000 shares, a disclosure that may weigh on sentiment but does not change the company’s operating outlook. InsiderTrades: Micron Technology EVP April Arnzen Sells 40,000 Shares of Stock
• Neutral Sentiment: Broader market commentary says the memory sector may be in a volatile reset after a strong run, with investors debating whether the AI memory rally is still early or becoming stretched. MarketWatch: Micron’s stock gains, signaling a return to optimism about the chip sector
• Negative Sentiment: Micron is falling alongside other memory and semiconductor names as traders react to Samsung’s results and worry that strong news may already be priced in. Benzinga: Why Is Micron Technology Stock Falling Tuesday?

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.