Elgethun Capital Management Invests $213,000 in Micron Technology, Inc. $MU

Elgethun Capital Management bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 747 shares of the semiconductor manufacturer’s stock, valued at approximately $213,000.

Other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC acquired a new position in shares of Micron Technology during the 3rd quarter worth about $25,000. High Note Wealth LLC grew its position in shares of 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 buying an additional 34 shares during the period. Elevation Wealth Partners LLC grew its position in shares of 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 buying an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. grew its position in shares of 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 buying an additional 96 shares during the period. Finally, GHP Investment Advisors Inc. grew its position in shares of Micron Technology by 91.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 52 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 125,737 shares of the company’s stock, valued at $43,679,776.43. This represents a 24.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the transaction, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 146,000 shares of company stock worth $85,486,715. Insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

Shares of MU opened at $1,079.57 on Thursday. The stock has a 50 day simple moving average of $595.64 and a 200 day simple moving average of $429.72. Micron Technology, Inc. has a 52-week low of $101.70 and a 52-week high of $1,089.29. The firm has a market capitalization of $1.22 trillion, a PE ratio of 50.97 and a beta of 2.16. 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 (NASDAQ:MU) last released 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 firm had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. During the same quarter last year, the business posted $1.56 EPS. The company’s revenue for the quarter was up 196 on a year-over-year basis. Sell-side analysts predict that Micron Technology, Inc. will post 58.62 EPS for the current fiscal year.

Micron Technology Increases Dividend

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

Trending Headlines about Micron Technology

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

• Positive Sentiment: Morgan Stanley more than doubled its price target on Micron to $1,050 and kept an Overweight rating, signaling continued confidence in the company’s memory pricing power and AI demand tailwinds.
• Positive Sentiment: Other recent coverage highlighted that booming AI infrastructure spending is still favoring Micron, with analysts saying the memory-stock runup may not be over yet and that shortages could keep supporting earnings and margins. Article Title
• Positive Sentiment: Micron’s AI strategy got another boost from reports around its COMPUTEX 2026 product lineup, including HBM4 and next-gen memory/storage products aimed at AI servers and edge AI applications.
• Positive Sentiment: Several articles also noted Micron’s strong recent business momentum, including soaring revenue growth and expectations that the company will benefit from the AI server buildout into its upcoming fiscal third-quarter earnings report.
• Neutral Sentiment: At the same time, some investors are starting to focus on risk factors: Chinese memory-chip makers are increasing production, which could narrow Micron’s competitive advantage over time.
• Neutral Sentiment: A few commentary pieces warned that after Micron’s huge run and trillion-dollar valuation, the stock may be priced for perfection, leaving less room for error if earnings or guidance disappoint.
• Negative Sentiment: Micron CEO Sanjay Mehrotra sold shares in late May, which may be viewed as a mild cautionary signal, though insider sales do not necessarily reflect a change in the company’s outlook.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MU. Rosenblatt Securities restated a “buy” rating and set a $500.00 target price on shares of Micron Technology in a research report on Monday, March 16th. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. Cantor Fitzgerald raised their price target on Micron Technology from $450.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Sanford C. Bernstein raised their price target on Micron Technology from $330.00 to $510.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Finally, Royal Bank Of Canada boosted their price objective on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $641.97.

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.