NWF Advisory Services Inc. Sells 12,441 Shares of Micron Technology, Inc. $MU

NWF Advisory Services Inc. reduced its stake in Micron Technology, Inc. (NASDAQ:MU) by 12.5% during the 4th quarter, HoldingsChannel reports. The firm owned 86,983 shares of the semiconductor manufacturer’s stock after selling 12,441 shares during the quarter. Micron Technology makes up approximately 2.7% of NWF Advisory Services Inc.’s holdings, making the stock its 7th biggest holding. NWF Advisory Services Inc.’s holdings in Micron Technology were worth $24,826,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. High Note Wealth LLC boosted its stake in 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 buying an additional 34 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in Micron Technology by 295.8% during 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 in the last quarter. Steigerwald Gordon & Koch Inc. raised its stake in 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 acquiring an additional 96 shares in the last quarter. Joseph Group Capital Management acquired a new position in Micron Technology during the fourth quarter worth $31,000. Finally, Luken Investment Analytics LLC bought a new position in shares of Micron Technology during the fourth quarter valued at $31,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MU shares. Erste Group Bank downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. lifted their price target on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. KeyCorp boosted their price target on shares of Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. DA Davidson initiated coverage on shares of Micron Technology in a research note on Monday, May 11th. They set a “buy” rating and a $1,000.00 price objective on the stock. Finally, Cantor Fitzgerald lifted their target price on shares of Micron Technology from $700.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology has a consensus rating of “Buy” and a consensus target price of $913.47.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $1,133.99 on Friday. The business has a fifty day moving average of $748.09 and a 200-day moving average of $493.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,149.43. The firm has a market cap of $1.28 trillion, a PE ratio of 53.54 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. During the same quarter in the prior year, the company earned $1.56 EPS. The firm’s quarterly revenue was up 196 on a year-over-year basis. On average, equities research analysts predict that Micron Technology, Inc. will post 59.57 EPS for the current fiscal year.

More Micron Technology News

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

• Positive Sentiment: Multiple firms raised price targets on Micron (MU), citing stronger DRAM/NAND pricing, AI-driven memory demand, and rising data-center sales. Wedbush lifted its target to $1,300, while other reports pointed to even higher bullish targets, signaling continued confidence ahead of earnings. Article Title
• Positive Sentiment: Micron’s U.S. capacity expansion and advanced 1-alpha DRAM production were highlighted as strategic moves that could support long-term AI infrastructure demand, reinforcing the company’s role as a key memory supplier for AI data centers. Article Title
• Positive Sentiment: Several articles say MU is likely to beat fiscal Q3 estimates thanks to tight memory supply, strong pricing power, and new chip ramp-up, which would extend the company’s recent run and keep AI-related optimism alive. Article Title
• Neutral Sentiment: Investors are treating Micron’s June 24 earnings report as a key read-through on whether the AI-driven chip rally still has room to run. That makes the stock a high-expectation name going into results, but not automatically one with easy upside from here. Article Title
• Neutral Sentiment: Some commentary also suggests Micron (MU) could see a volatile reaction even if earnings are good, since the stock has already had a huge run and expectations are elevated. Article Title
• Negative Sentiment: Bearish pieces warn that Micron’s upcoming report is a “tough earnings test,” with some arguing the stock could fall if the company merely meets expectations instead of dramatically exceeding them. Article Title
• Negative Sentiment: SK Hynix’s plan to expand memory production over the next five years was flagged as a competitive risk for MU, potentially pressuring pricing and margins later if supply growth outpaces demand. Article Title

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 37,439 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the sale, the chief executive officer directly owned 387,064 shares of the company’s stock, valued at $371,728,524.32. This represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 146,000 shares of company stock worth $85,486,715. 0.24% of the stock is owned by insiders.

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.