GK Wealth Management LLC Purchases New Shares in Micron Technology, Inc. $MU

GK Wealth Management LLC acquired a new stake in Micron Technology, Inc. (NASDAQ:MU) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,635 shares of the semiconductor manufacturer’s stock, valued at approximately $6,505,000. Micron Technology makes up approximately 3.4% of GK Wealth Management LLC’s holdings, making the stock its 2nd largest position.

A number of other large investors have also modified their holdings of MU. Norges Bank acquired a new stake in shares of Micron Technology during the 4th quarter valued at about $6,433,456,000. AQR Capital Management LLC increased its stake in shares of Micron Technology by 411.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after purchasing an additional 2,918,535 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Micron Technology by 1,340.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock worth $805,148,000 after purchasing an additional 2,625,169 shares during the period. Amundi raised its holdings in Micron Technology by 65.0% in the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock worth $1,424,025,000 after purchasing an additional 1,965,319 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after purchasing an additional 1,954,644 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 164,179 shares of company stock worth $169,385,921 in the last quarter. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on MU. Needham & Company LLC raised their price objective on Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Rosenblatt Securities upped their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research report on Monday. Wedbush increased their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Stifel Nicolaus lifted their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $1,268.93.

Micron Technology Trading Up 7.6%

MU stock opened at $892.67 on Wednesday. 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, Inc. has a 12-month low of $106.75 and a 12-month high of $1,255.00. The stock has a market cap of $1.01 trillion, a price-to-earnings ratio of 20.21 and a beta of 2.18. The business’s 50-day moving average is $978.43 and its 200 day moving average is $649.44.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS 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 company had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same period in the previous year, the business earned $1.91 EPS. Micron Technology’s quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Bank of America reiterated its Buy rating and $1,550 price target, calling the pullback an “enhanced buying opportunity.” The firm said cloud and AI-infrastructure demand remains strong, while Micron’s memory pricing power is intact. Micron pullback seen as buying opportunity amid solid end-demand, says BofA
• Positive Sentiment: The broader semiconductor sector staged a strong rebound as the market’s AI trade regained momentum. Better-than-expected results and guidance from Palantir, along with a broader advance in technology shares, improved risk appetite and supported Micron. Why Micron, AMD and SanDisk stocks are leading today’s pre-market rally
• Positive Sentiment: Analysts and investors continue to view the AI memory cycle as a potential new growth phase. Micron’s recent earnings showed substantial revenue and profit growth, and long-term AI-related contracts and constrained high-end memory supply support the bullish outlook. Sandisk Jumps 8%, Micron Gains 6%, SK Hynix Climbs 4% as Wall Street Hikes Price Targets on AI Memory Boom
• Neutral Sentiment: Micron’s valuation and share-price performance remain a subject of debate. Bulls see the selloff as pricing in an overly pessimistic scenario, while the stock’s high volatility and large decline from its peak highlight the risks of investing in a cyclical memory-chip business.
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) is reportedly considering a second Beijing fabrication plant. Potentially higher Chinese DRAM output could increase global competition and pressure memory prices and Micron’s market share over time, although the threat is viewed as several years away. Micron Gains Memory-Chip Share—But So Does Hot Chinese Rival
• Negative Sentiment: Investor Michael Burry reportedly increased bearish positions in Micron and the semiconductor sector, adding a contrarian signal amid concerns that AI spending and elevated memory valuations may prove unsustainable. Michael Burry’s latest bet puts Nvidia stock and Micron’s AI boom on trial

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.