St. Louis Financial Planners Asset Management LLC Sells 6,237 Shares of Micron Technology, Inc. $MU

St. Louis Financial Planners Asset Management LLC cut its holdings in Micron Technology, Inc. (NASDAQ:MU) by 34.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,831 shares of the semiconductor manufacturer’s stock after selling 6,237 shares during the quarter. Micron Technology accounts for 7.1% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. St. Louis Financial Planners Asset Management LLC’s holdings in Micron Technology were worth $13,656,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. 55 North Private Wealth LLC grew its stake in Micron Technology by 31.6% in the 2nd quarter. 55 North Private Wealth LLC now owns 1,995 shares of the semiconductor manufacturer’s stock valued at $2,303,000 after acquiring an additional 479 shares during the period. Byrne Asset Management LLC increased its holdings in Micron Technology by 2.9% in the 2nd quarter. Byrne Asset Management LLC now owns 1,872 shares of the semiconductor manufacturer’s stock worth $2,161,000 after acquiring an additional 52 shares in the last quarter. Clark Asset Management LLC raised its position in Micron Technology by 34.6% during the second quarter. Clark Asset Management LLC now owns 977 shares of the semiconductor manufacturer’s stock worth $1,128,000 after acquiring an additional 251 shares during the period. Thrive Wealth Management LLC raised its position in Micron Technology by 3.5% during the second quarter. Thrive Wealth Management LLC now owns 706 shares of the semiconductor manufacturer’s stock worth $815,000 after acquiring an additional 24 shares during the period. Finally, Chapin Davis Inc. lifted its holdings in Micron Technology by 737.3% during the second quarter. Chapin Davis Inc. now owns 17,943 shares of the semiconductor manufacturer’s stock valued at $20,711,000 after purchasing an additional 15,800 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

More Micron Technology News

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

• Positive Sentiment: Micron remains a favored growth stock because its fiscal third-quarter results were well above expectations, with $41.5 billion in revenue, $25.11 in adjusted EPS and revenue growth of more than 345% year over year. The company also issued strong fourth-quarter guidance. Micron & 2 Profitable Stocks Smart Investors Are Buying in August
• Positive Sentiment: AI infrastructure demand continues to support Micron’s high-bandwidth memory business. Industry commentary indicates that memory demand may exceed global supply for several years, while Micron’s 2026 HBM output is reportedly sold out and customer agreements provide additional revenue visibility. How SpaceX’s Earnings Call Turned Bullish for Memory Stocks
• Positive Sentiment: Several analysts and financial publications view MU as attractively valued after its pullback, with reported price targets materially above the current trading level. Record cash flow could also support share repurchases across the memory industry. Micron Is an Incredible Bargain Below $1,000

Micron Technology Stock Performance

NASDAQ:MU opened at $881.47 on Friday. The company has a market cap of $995.52 billion, a P/E ratio of 19.96 and a beta of 2.18. Micron Technology, Inc. has a twelve month low of $110.79 and a twelve month high of $1,255.00. The company’s 50-day moving average price is $976.89 and its 200-day moving average price is $657.02. 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 data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s revenue was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were given a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is 1.36%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MU shares. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a research report on Thursday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Barclays increased their target price on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Needham & Company LLC raised their target price on Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Raymond James Financial lifted their price target on Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $1,268.93.

Insiders Place Their Bets

In related news, CAO Scott R. Allen sold 879 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the transaction, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 164,179 shares of company stock valued at $169,385,921. Insiders own 0.24% of the company’s stock.

Micron Technology Profile

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.