Rep. Dan Newhouse Purchases Micron Technology, Inc. (NASDAQ:MU) Shares

Representative Dan Newhouse (Republican-Washington) recently bought shares of Micron Technology, Inc. (NASDAQ:MU). In a filing disclosed on July 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in Micron Technology stock on July 10th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Deere & Company (NYSE:DE) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 7/10/2026.

Micron Technology Stock Performance

Shares of MU stock traded up $80.25 during midday trading on Tuesday, hitting $945.71. 14,938,935 shares of the company were exchanged, compared to its average volume of 45,542,863. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,255.00. The firm has a market capitalization of $1.07 trillion, a P/E ratio of 21.31 and a beta of 2.14. The firm’s 50 day moving average price is $950.86 and its two-hundred day moving average price is $606.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period last year, the business posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s payout ratio is presently 1.36%.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 28,506 shares of Micron Technology stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the completion of the sale, the chief executive officer directly owned 355,997 shares in the company, valued at approximately $409,140,232.16. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 163,300 shares of company stock worth $152,667,204. Company insiders own 0.24% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Chip stocks are leading a broader market rebound, and Micron is benefiting as investors rotate back into AI-linked semiconductors after several days of declines. 5 Things to Know Before the Stock Market Opens on Tuesday
• Positive Sentiment: Multiple market reports say Micron is rallying alongside Sandisk and AMD as investors buy the dip in memory and AI chip names, with sentiment improving after a bruising selloff. Stock Market Today: Sandisk, Micron, AMD Jump As AI Rebounds; GM, 3M Lead Earnings Movers
• Positive Sentiment: Morgan Stanley argued the memory-stock selloff created a strong entry point, saying data-center memory shortages are still intensifying, which supports the bullish demand narrative around Micron. Why GM’s memory chip guidance could help stabilize stocks like Micron and Sandisk
• Positive Sentiment: Several articles highlighted that Micron remains a key AI memory beneficiary, with analyst targets and upgrades still pointing to substantial upside despite near-term volatility. Bank of America Insanely Bullish on Micron. Sees Shares Rising 83% From Here.
• Neutral Sentiment: Some coverage noted that big customers may try to reduce exposure to rising memory prices, which is a risk that could limit upside if pricing gets too aggressive. Micron and SK Hynix Stocks Jump. Watch for This Memory-Related Catalyst.
• Negative Sentiment: Bearish commentary remains in the background, including warnings that AI chip stocks could face a bigger correction if the recent rebound fails to hold. Stock Market Today: Dow Rises As GM Surges On Earnings Report; Marvell, Micron, Sandisk Rally (Live Coverage)

Analysts Set New Price Targets

A number of research analysts recently commented on MU shares. The Goldman Sachs Group raised their price target on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. TD Cowen reiterated a “buy” rating on shares of Micron Technology in a research report on Friday, July 10th. Stifel Nicolaus upped their target price on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Wells Fargo & Company lifted their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, Wedbush raised their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $1,268.93.

Institutional Trading of Micron Technology

Several institutional investors have recently modified their holdings of the business. High Note Wealth LLC raised its holdings in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology during the first quarter valued at $27,000. Steigerwald Gordon & Koch Inc. grew its holdings in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 96 shares during the period. Finally, Bayban bought a new position in shares of Micron Technology in the 4th quarter worth about $29,000. Institutional investors own 80.84% of the company’s stock.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.