Micron Technology (NASDAQ:MU) Stock Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (Democratic-New Jersey) recently bought shares of Micron Technology, Inc. (NASDAQ:MU). In a filing disclosed on June 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Micron Technology stock on May 21st. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 5/27/2026.
• Purchased $1,001 – $15,000 in shares of Lumentum (NASDAQ:LITE) on 5/22/2026.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 5/22/2026.
• Purchased $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 5/19/2026.
• Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 5/15/2026.
• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 5/14/2026.
• Sold $1,001 – $15,000 in shares of Nestle (OTCMKTS:NSRGY) on 5/14/2026.
• Purchased $1,001 – $15,000 in shares of Sandisk (NASDAQ:SNDK) on 5/7/2026.
• Sold $1,001 – $15,000 in shares of Nestle (OTCMKTS:NSRGY) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 5/5/2026.

Micron Technology Trading Down 7.7%

Shares of Micron Technology stock opened at $996.00 on Friday. The business has a fifty day simple moving average of $607.64 and a two-hundred day simple moving average of $434.99. Micron Technology, Inc. has a 1 year low of $103.38 and a 1 year high of $1,089.29. The company has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 47.03 and a beta of 2.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. During the same quarter last year, the firm posted $1.56 EPS. The company’s quarterly revenue was up 196 on a year-over-year basis. Research analysts forecast that Micron Technology, Inc. will post 58.62 EPS for the current year.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is 2.83%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their price target on Micron Technology from $470.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Rosenblatt Securities reaffirmed a “buy” rating and set a $500.00 price target on shares of Micron Technology in a report on Monday, March 16th. Morgan Stanley raised their price target on Micron Technology from $520.00 to $1,050.00 and gave the company an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Wedbush upped their price objective on Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $641.97.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors have recently modified their holdings of the business. REAP Financial Group LLC bought a new stake in Micron Technology during the 3rd quarter worth $25,000. High Note Wealth LLC grew its position 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 acquiring an additional 34 shares during the last quarter. Elevation Wealth Partners LLC grew its position in Micron Technology by 295.8% during the 4th 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 last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology during the 1st quarter worth $27,000. Finally, Steigerwald Gordon & Koch Inc. grew its position 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 last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the sale, 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 legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 37,439 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $960.38, for a total value of $35,955,666.82. Following the sale, the chief executive officer owned 387,064 shares in the company, valued at $371,728,524.32. This represents a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 146,000 shares of company stock worth $85,486,715. 0.24% of the stock is currently owned by insiders.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Wall Street remains broadly bullish on Micron, with several firms hiking price targets sharply; Morgan Stanley raised its target to $1,050 and UBS recently lifted its target to $1,625, reinforcing optimism around AI memory demand and tight supply. Micron Technology (MU) Is One Of The Best AI Infrastructure Stocks, According To Hedge Funds
• Positive Sentiment: Analysts and commentators continue to highlight Micron as a major AI infrastructure winner, with reports pointing to strong earnings momentum, higher margins, and long-term supply deals tied to high-bandwidth memory demand. Micron Locks In Long Term AI Memory Deals As Valuation Stretches
• Neutral Sentiment: Some articles frame Micron’s huge rally as part of a broader AI trade that may be entering a more “rational” phase, suggesting valuation risk even as the long-term demand story remains intact. AI Spending Has Been Huge. Now It Could Be Entering a ‘Rational’ Phase.
• Negative Sentiment: Micron was hit by a broad chip-sector rotation after Broadcom’s weak AI guidance raised doubts about the pace of future AI demand, pressuring semiconductor stocks across the board. Chip Stocks Get Hit as Traders Rotate Into Financials, Healthcare
• Negative Sentiment: Bearish commentary is also growing, with some analysts warning that memory-chip prices could be approaching a ceiling and that Micron’s valuation may already reflect much of the AI optimism. Micron Stock Drops, Brace for the Memory-Price Peak

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.