Wealth Enhancement Trust Services Inc. Buys 1,515 Shares of Micron Technology, Inc. $MU

Wealth Enhancement Trust Services Inc. lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 38.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,415 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,515 shares during the period. Wealth Enhancement Trust Services Inc.’s holdings in Micron Technology were worth $5,768,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Andar Capital Management HK Ltd increased its holdings in Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new position in Micron Technology in the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE grew its holdings in Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after purchasing an additional 2,136,470 shares during the period. Invesco Ltd. grew its stake in shares of Micron Technology by 1.6% in the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after buying an additional 155,073 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Micron Technology during the second quarter valued at approximately $8,402,393,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MU shares. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. CLSA restated an “outperform” rating and set a $1,700.00 price objective on shares of Micron Technology in a report on Friday, October 2nd. Sanford C. Bernstein reissued an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Phillip Securities boosted their price target on shares of Micron Technology from $530.00 to $1,870.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Micron Technology in a report on Thursday, October 1st. Forty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

More Micron Technology News

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

• Positive Sentiment: Major price-target increase: D.A. Davidson raised its Micron price target to $3,000 from $2,100 while maintaining a Buy rating. Analyst Gil Luria expects AI infrastructure demand to keep memory supply constrained through 2028, implying substantial additional upside. Why is Micron stock rising on Wednesday?
• Positive Sentiment: AI demand and committed orders support the outlook: Recent coverage highlights that more than 75% of Micron’s fiscal 2027 shipments are committed, with customers already discussing 2028 allocations. Demand for high-bandwidth memory, server DRAM and data-center SSDs is helping reduce the company’s historical exposure to consumer-memory cycles. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: Record earnings reinforce momentum: Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted EPS of $33.42, well above the prior-year results. Its fiscal first-quarter 2027 guidance calls for $60 billion–$63 billion of revenue and $37.15–$39.15 of adjusted EPS, pointing to another sequential increase. Micron’s profits surge as Meta’s AI spending accelerates
• Neutral Sentiment: Patent settlement removes litigation uncertainty but adds cost: Micron agreed to pay Netlist $600 million, including quarterly licensing payments over five years, to resolve patent disputes. The agreement provides legal clarity but creates a sizeable cash expense. Micron Technology and Netlist settle patent dispute
• Negative Sentiment: Taiwan strike threat and valuation risks remain: Workers at Micron’s Taiwan facilities authorized a strike over bonus negotiations; no walkout has been announced, but disruption could affect a major production hub. Separately, critics warn that the stock’s substantial rally assumes unusually strong memory pricing and may be vulnerable when new capacity arrives. Micron’s Taiwan union secures authorization to strike

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is currently owned by company insiders.

Micron Technology Trading Up 4.1%

MU traded up $42.44 on Wednesday, hitting $1,088.00. 30,564,464 shares of the company were exchanged, compared to its average volume of 41,600,656. The firm has a fifty day simple moving average of $972.71 and a two-hundred day simple moving average of $836.22. Micron Technology, Inc. has a 12 month low of $179.61 and a 12 month high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The stock has a market capitalization of $1.23 trillion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 0.19 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.The company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same period last year, the firm earned $3.03 earnings per share. Micron Technology’s quarterly revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 167.29 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is currently 0.81%.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.