Segment Wealth Management LLC Makes New Investment in Micron Technology, Inc. $MU

Segment Wealth Management LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,181 shares of the semiconductor manufacturer’s stock, valued at approximately $1,363,000.

Several other hedge funds have also modified their holdings of the stock. M.E. Allison & CO. Inc. raised its position in Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC boosted its position in Micron Technology by 1.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after buying an additional 13 shares during the last quarter. Red Door Wealth Management LLC boosted its position in Micron Technology by 0.7% in the 2nd quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock valued at $2,209,000 after buying an additional 14 shares during the last quarter. Signature Equity Partners LLC increased its stake in shares of Micron Technology by 6.3% in the 1st quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer’s stock valued at $86,000 after buying an additional 15 shares during the period. Finally, Clearwater Capital Advisors LLC increased its stake in shares of Micron Technology by 1.1% in the 1st quarter. Clearwater Capital Advisors LLC now owns 1,617 shares of the semiconductor manufacturer’s stock valued at $546,000 after buying an additional 18 shares during the period. 80.84% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 31,285 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $926.83, for a total value of $28,995,876.55. Following the sale, the chief executive officer directly owned 313,218 shares in the company, valued at $290,299,838.94. The trade was a 9.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 162,179 shares of company stock worth $167,811,861 over the last three months. Company insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron’s long-term AI opportunity remains a key bullish argument. Demand for high-bandwidth memory (HBM) used in AI data centers is absorbing significant wafer capacity, while Micron’s 2026 HBM output is reportedly fully allocated under long-term agreements. Uncle Sam’s Chip Trick: How the Government Built a Silicon Moat
• Positive Sentiment: U.S. efforts to discourage technology companies from purchasing memory from Chinese suppliers could reduce competition and strengthen Micron’s pricing power with domestic and allied customers. Micron’s planned U.S. manufacturing investments may benefit from this policy environment. Micron shares rise as White House pushes Apple away from Chinese memory chips
• Positive Sentiment: Bank of America reiterated a Buy rating and a $1,550 price target, arguing that concerns about a peak in the memory cycle are overblown and forecasting substantial long-term earnings growth. Analyst issues new Micron stock price target
• Neutral Sentiment: Micron’s recent quarterly results were exceptionally strong, with revenue up sharply year over year and earnings above consensus. However, the stock’s large advance has raised expectations and increased sensitivity to any signs of slowing demand or valuation concerns.
• Negative Sentiment: Higher Treasury yields are pressuring high-growth technology valuations and raising the financing cost of AI infrastructure. Investors also rotated out of heavily extended AI winners after Monday’s rally. AI chip stocks were riding high. Here’s why Micron and others are now pulling back
• Negative Sentiment: A report suggesting NVIDIA may use less memory in a future Rubin Ultra system raised concerns about the durability of Micron’s HBM growth. Separately, Appaloosa reportedly reduced its Micron position by 41% in the second quarter, adding to profit-taking concerns. Nvidia Is Cutting Rubin Ultra’s Memory

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley upped their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. DA Davidson raised their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a research note on Friday. Finally, Susquehanna increased their price objective on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a report on Thursday, June 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $1,259.97.

Micron Technology Price Performance

Shares of MU opened at $941.15 on Wednesday. The stock has a market cap of $1.06 trillion, a P/E ratio of 21.31 and a beta of 2.19. Micron Technology, Inc. has a 1 year low of $113.46 and a 1 year high of $1,255.00. The stock’s 50-day moving average price is $966.84 and its two-hundred day moving average price is $686.90. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The company had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s revenue was up 345.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

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

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.