Wealth Management Partners LLC Reduces Stake in Micron Technology, Inc. $MU

Wealth Management Partners LLC lessened its holdings in Micron Technology, Inc. (NASDAQ:MU) by 10.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,951 shares of the semiconductor manufacturer’s stock after selling 1,037 shares during the period. Micron Technology accounts for about 0.9% of Wealth Management Partners LLC’s portfolio, making the stock its 29th biggest position. Wealth Management Partners LLC’s holdings in Micron Technology were worth $3,024,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. High Note Wealth LLC boosted its holdings in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 34 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares during the last quarter. Bayban purchased a new position in shares of Micron Technology during the fourth quarter worth $29,000. Finally, GHP Investment Advisors Inc. lifted its position in Micron Technology by 91.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 52 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Down 13.2%

MU stock opened at $1,051.77 on Wednesday. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,213.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The firm’s fifty day moving average is $776.51 and its 200 day moving average is $507.79. The firm has a market cap of $1.19 trillion, a PE ratio of 49.66 and a beta of 2.16.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Raymond James Financial upped their price target on shares of Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Stifel Nicolaus boosted their price objective on Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Royal Bank Of Canada boosted their price objective on Micron Technology from $525.00 to $1,200.00 and gave the company an “outperform” rating in a report on Monday, June 15th. TD Cowen upped their target price on Micron Technology from $660.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Finally, The Goldman Sachs Group raised their target price on Micron Technology from $400.00 to $900.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology has a consensus rating of “Buy” and an average price target of $1,008.13.

Micron Technology News Summary

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 related news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the transaction, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. The trade was a 24.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the transaction, the executive vice president directly owned 224,021 shares of the company’s stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 146,000 shares of company stock valued at $85,486,715. 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.