Blue Trust Inc. Has $4.30 Million Stock Holdings in Micron Technology, Inc. $MU

Blue Trust Inc. boosted its position in Micron Technology, Inc. (NASDAQ:MU) by 28.3% during the first quarter, HoldingsChannel.com reports. The fund owned 12,716 shares of the semiconductor manufacturer’s stock after buying an additional 2,801 shares during the quarter. Blue Trust Inc.’s holdings in Micron Technology were worth $4,296,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Heritage Trust Co increased its position in Micron Technology by 9.7% in the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock valued at $4,289,000 after acquiring an additional 1,323 shares during the period. Westpac Banking Corp lifted its holdings in shares of Micron Technology by 251.0% during the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock worth $3,863,000 after purchasing an additional 16,509 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Micron Technology by 19.9% during the third quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer’s stock worth $1,196,427,000 after purchasing an additional 1,188,296 shares during the period. Fulton Bank N.A. grew its stake in shares of Micron Technology by 79.1% in the fourth quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer’s stock worth $4,619,000 after purchasing an additional 7,147 shares during the last quarter. Finally, Financial Synergies Wealth Advisors Inc. acquired a new stake in Micron Technology in the fourth quarter valued at $1,316,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Performance

Shares of MU opened at $1,037.93 on Thursday. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $788.74 and its two-hundred day simple moving average is $513.50. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,213.56. The stock has a market capitalization of $1.17 trillion, a P/E ratio of 49.01 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $20.98 by $4.13. The firm had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business’s quarterly revenue was up 345.8% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, analysts predict that Micron Technology, Inc. will post 60.34 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MU shares. Morgan Stanley reaffirmed an “overweight” rating and set a $1,200.00 target price on shares of Micron Technology in a research report on Thursday. Citigroup raised their price objective on Micron Technology from $840.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Wells Fargo & Company lifted their price objective on Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. DA Davidson initiated coverage on Micron Technology in a report on Monday, May 11th. They issued a “buy” rating and a $1,000.00 target price on the stock. Finally, Mizuho increased their target price on shares of Micron Technology to $800.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and an average price target of $1,013.13.

Key Micron Technology News

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

• Positive Sentiment: Micron reported fiscal Q3 revenue of $41.46 billion and non-GAAP EPS of $25.11, both far above Wall Street estimates, showing that AI-related memory demand is still accelerating. Article Title
• Positive Sentiment: The company issued stronger-than-expected Q4 guidance, with revenue and EPS forecasts well above consensus, signaling that the growth trajectory may continue into the next quarter. Article Title
• Positive Sentiment: Several reports highlighted Micron’s record margins and “blowout” results, with bullish commentary saying the AI trade is still alive and that pricing power is improving as memory shortages persist. Article Title
• Positive Sentiment: Analysts responded with higher price targets and upgrades, reinforcing confidence that Micron’s AI-driven earnings power may justify a richer valuation. Article Title
• Neutral Sentiment: The stock had been volatile ahead of earnings because of a broader tech sell-off and concerns that AI spending was getting overheated, so expectations were very high going into the report. Article Title
• Neutral Sentiment: Micron’s elevated capital spending plans and some analyst warnings suggest investors may still watch closely for signs that the memory boom cools or margins normalize later on. Article Title

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 37,439 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the transaction, the chief executive officer directly owned 387,064 shares in the company, valued at approximately $371,728,524.32. This represents a 8.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 146,000 shares of company stock worth $85,486,715. Company insiders own 0.24% of the company’s stock.

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.