Wesbanco Bank Inc. Boosts Holdings in Micron Technology, Inc. $MU

Wesbanco Bank Inc. increased its position in Micron Technology, Inc. (NASDAQ:MU) by 601.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 24,763 shares of the semiconductor manufacturer’s stock after buying an additional 21,231 shares during the quarter. Wesbanco Bank Inc.’s holdings in Micron Technology were worth $8,366,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MU. Retirement Planning Group LLC NY purchased a new stake in Micron Technology during the 1st quarter worth $205,000. Poehling Capital Management INC. purchased a new position in Micron Technology in the 1st quarter valued at about $597,000. First United Bank & Trust acquired a new stake in shares of Micron Technology during the first quarter valued at about $88,000. Clarus Group Inc. acquired a new stake in shares of Micron Technology during the first quarter valued at about $220,000. Finally, Unique Wealth LLC purchased a new stake in shares of Micron Technology during the first quarter worth about $258,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Trading Down 6.7%

NASDAQ:MU opened at $1,132.33 on Friday. The company has a quick ratio of 2.32, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $817.22 and its two-hundred day moving average is $524.65. Micron Technology, Inc. has a 52 week low of $103.38 and a 52 week high of $1,255.00. The company has a market cap of $1.28 trillion, a PE ratio of 25.64 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business’s quarterly revenue was up 345.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts predict that Micron Technology, Inc. will post 60.62 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s dividend payout ratio is 2.83%.

Key Micron Technology News

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

• Positive Sentiment: Analysts turned more bullish after Micron’s blowout earnings and strong AI-memory demand, with multiple firms raising price targets and saying the company’s long-term customer agreements improve revenue visibility. Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
• Positive Sentiment: Micron’s results showed surging revenue, record margins, and management commentary that AI-driven memory shortages could persist for years, reinforcing the bull case for continued pricing power. Micron stock jumps over 16% in premarket trading after blockbuster earnings
• Positive Sentiment: New articles also argue Micron is a key beneficiary of the AI memory boom and may still have room to run because demand is outpacing supply across data centers and AI infrastructure. Micron + One Explosive AI Memory Stock to Buy Before H2 2026
• Neutral Sentiment: Some coverage says investors are reassessing Micron after a huge rally, with a few commentators warning the stock could already be pricing in peak-cycle profits. Micron Was Yesterday’s Win — Here’s How to Find Tomorrow’s
• Negative Sentiment: Micron is also being pressured by a broader tech and chip selloff, with traders taking profits after the post-earnings surge and global semiconductor stocks coming under pressure. Micron falls 5% in premarket, paring earlier gains amid tech rout

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Melius Research began coverage on Micron Technology in a research note on Monday, April 27th. They issued a “buy” rating and a $700.00 price target on the stock. Susquehanna lifted their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a report on Thursday. Royal Bank Of Canada upped their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Finally, Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a research report on Monday. Five research 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. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $1,263.76.

Insider Buying and Selling at Micron Technology

In related news, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This represents a 9.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 37,439 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 387,064 shares in the company, valued at approximately $371,728,524.32. This trade represents a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 146,000 shares of company stock valued at $85,486,715 over the last three months. 0.24% of the stock is currently owned by company insiders.

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.