Smith Salley Wealth Management Buys 14,043 Shares of Micron Technology, Inc. $MU

Smith Salley Wealth Management grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 462.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,082 shares of the semiconductor manufacturer’s stock after acquiring an additional 14,043 shares during the period. Smith Salley Wealth Management’s holdings in Micron Technology were worth $2,858,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Micron Technology during the 2nd quarter valued at $1,980,700,000. Slate Path Capital LP purchased a new position in shares of Micron Technology during the second quarter valued at $317,751,000. Vanguard Group Inc. increased its stake in shares of Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock valued at $12,803,168,000 after buying an additional 1,973,294 shares during the period. State Street Corp raised its holdings in shares of Micron Technology by 2.7% in the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after acquiring an additional 1,349,713 shares in the last quarter. Finally, Orbis Allan Gray Ltd lifted its stake in Micron Technology by 50.2% in the second quarter. Orbis Allan Gray Ltd now owns 3,457,726 shares of the semiconductor manufacturer’s stock worth $426,165,000 after acquiring an additional 1,156,086 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: MarketBeat technical and fundamental bull case: breakout to new highs with technical targets implying ~30%–80% upside; analysts have raised price targets and the HBM shortage is expected to boost pricing and margins. Micron Gains Momentum, Again—30% to 80% Upside in 2026
• Positive Sentiment: Strong earnings and outlook remain the backbone of the rally: FQ1 beat, robust revenue guidance and management commentary underpin analyst upgrades and a Zacks #1 (Strong Buy) growth ranking. Best Growth Stocks to Buy for December 30th
• Positive Sentiment: Street narratives call MU undervalued despite a big YTD run; several outlets highlight MU as a long‑term AI/memory winner — reinforcing buying interest from both retail and institutional investors. Micron Technology Looks Like An Undervalued Long-Term Winner
• Positive Sentiment: ETF and sector flow tailwinds: semiconductor ETFs and memory‑supercycle narratives (HBM demand) are allocating to MU, amplifying momentum beyond company‑specific drivers. Find the Next NVIDIA With This Semiconductor ETF (MU referenced)
• Neutral Sentiment: Memory shortage story is mixed: shortages lift ASPs and margins (positive for MU) but can impede end‑market adoption in consumer segments (a timing/visibility risk). What the Recent Memory Shortage Means for Micron Technology Shareholders
• Neutral Sentiment: Small institutional buys continue (13F entries), but these filings are incremental and not yet a major directional signal. Apella Capital LLC Buys New Position in Micron Technology, Inc. $MU
• Negative Sentiment: Short‑term hedging and options trades: commentators highlight bear put spreads and other strategies positioned for a pullback from overbought levels — a sign some traders expect near‑term mean reversion. Micron Technology Bear Put Spread Could Return 197% in this Down Move

Micron Technology Stock Performance

Shares of MU stock opened at $292.51 on Wednesday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $298.83. The business’s fifty day simple moving average is $240.61 and its 200-day simple moving average is $173.98. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The company has a market cap of $329.23 billion, a PE ratio of 27.81, a PEG ratio of 0.19 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. During the same period in the previous year, the business earned $1.79 EPS. The firm’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 29th will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is presently 4.37%.

Wall Street Analyst Weigh In

MU has been the topic of a number of research reports. Raymond James Financial raised their target price on shares of Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Wells Fargo & Company increased their price objective on shares of Micron Technology from $300.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Barclays lifted their price objective on shares of Micron Technology from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. The Goldman Sachs Group upped their target price on Micron Technology from $205.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Finally, BNP Paribas Exane upgraded Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a report on Monday, October 13th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $282.61.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 3,743 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the transaction, the chief executive officer owned 396,578 shares in the company, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 354,300 shares of company stock worth $78,800,968 over the last ninety days. Company insiders own 0.24% of the company’s stock.

About Micron Technology

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.