Sen. Sheldon Whitehouse Purchases Micron Technology, Inc. (NASDAQ:MU) Stock

Posted by Doug Wharley on Jul 16th, 2026

Senator Sheldon Whitehouse (Democratic-Rhode Island) recently bought shares of Micron Technology, Inc. (NASDAQ:MU). In a filing disclosed on July 08th, the Senator disclosed that they had bought between $1,001 and $15,000 in Micron Technology stock on June 25th.

Senator Sheldon Whitehouse also recently made the following trade(s):

Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 6/30/2026.
Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 6/25/2026.
Purchased $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 6/25/2026.
Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 6/24/2026.
Sold $100,001 – $250,000 in shares of NVIDIA (NASDAQ:NVDA) on 5/8/2026.
Sold $15,001 – $50,000 in shares of Oracle (NYSE:ORCL) on 5/7/2026.
Sold $15,001 – $50,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 4/13/2026.

Micron Technology Trading Down 8.0%

Shares of NASDAQ:MU opened at $904.28 on Thursday. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,255.00. The business has a 50 day moving average of $943.28 and a 200-day moving average of $594.19. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.02 trillion, a PE ratio of 20.47 and a beta of 2.14.

Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period last year, the firm posted $1.91 EPS. The firm’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 1.36%.

Key Micron Technology News

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

Positive Sentiment: Several recent analyst and media pieces highlighted Micron as a key AI memory winner, citing strong demand for high-bandwidth memory (HBM), tighter supply, and improving pricing across DRAM and NAND. Micron and General Mills have been highlighted as Zacks Bull and Bear of the Day
Positive Sentiment: KeyCorp reiterated an Overweight view and raised its price target to $1,750, reflecting confidence that Micron’s earnings power can keep expanding well beyond current consensus. One AI Stock To Buy Right Now? This Fund Manager Picks Micron
Positive Sentiment: Commentary also pointed to Micron’s recent blockbuster results and the broader Q2 earnings backdrop as evidence that corporate fundamentals remain strong, supporting the stock’s AI-driven growth narrative. Zacks Earnings Trends Highlights: Micron, JPMorgan, Bank of America, Citigroup and Wells Fargo
Positive Sentiment: Micron was also featured as a premier “Bull of the Day,” with bullish calls saying it is directly addressing AI hardware bottlenecks and still has room to benefit from the memory shortage. Bull of the Day: Micron (MU)
Neutral Sentiment: Micron announced that executives will participate in an upcoming investor forum in August, which keeps management visible to investors but does not change fundamentals on its own. Micron Announces Participation in Investor Event
Negative Sentiment: Near-term trading pressure is coming from a broad semiconductor selloff and profit-taking in AI hardware names, with investors trimming exposure after a huge rally in the sector. One AI Stock To Buy Right Now? This Fund Manager Picks Micron
Negative Sentiment: Several articles also flagged rising competition from Chinese memory maker CXMT as a potential overhang for Micron’s pricing and market share outlook. Traders rush to place pre-IPO bets on Micron rival

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lynn A. Dugle sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 163,300 shares of company stock valued at $152,667,204 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently modified their holdings of MU. High Note Wealth LLC increased its position in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Elevation Wealth Partners LLC raised its position in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology during the first quarter worth about $27,000. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares in the last quarter. Finally, Bayban purchased a new position in shares of Micron Technology in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. The Goldman Sachs Group increased their price objective on shares of Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. KeyCorp boosted their price objective on Micron Technology from $1,600.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Tuesday. Mizuho upped their price target on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Wedbush lifted their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $1,268.93.

Check Out Our Latest Stock Analysis on MU

About Senator Whitehouse

Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2031.

Whitehouse (Democratic Party) ran for re-election to the U.S. Senate to represent Rhode Island. He won in the general election on November 5, 2024.

Micron Technology Company Profile

(Get Free Report)

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.