RFG Holdings Inc. Purchases New Shares in Micron Technology, Inc. $MU

Posted by George Bondi on Jun 21st, 2026

RFG Holdings Inc. purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,100 shares of the semiconductor manufacturer’s stock, valued at approximately $1,385,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. High Note Wealth LLC boosted its stake in shares of Micron Technology by 65.4% during the fourth 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 increased its position in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. increased its position in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 96 shares during the period. Bayban purchased a new stake in Micron Technology during the 4th quarter valued at approximately $29,000. Finally, Joseph Group Capital Management purchased a new stake in Micron Technology during the 4th quarter valued at approximately $31,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on MU shares. UBS Group increased their price objective on Micron Technology from $535.00 to $1,625.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Wolfe Research upped their price target on Micron Technology from $550.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. The Goldman Sachs Group upped their price target on Micron Technology from $400.00 to $900.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Erste Group Bank downgraded Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, TD Cowen lifted their price objective on shares of Micron Technology from $660.00 to $1,500.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $913.47.

Check Out Our Latest Analysis on MU

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction 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 owned 224,021 shares in the company, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 146,000 shares of company stock worth $85,486,715. Insiders own 0.24% of the company’s stock.

Trending Headlines about Micron Technology

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

Positive Sentiment: Multiple firms raised price targets on Micron (MU), citing stronger DRAM/NAND pricing, AI-driven memory demand, and rising data-center sales. Wedbush lifted its target to $1,300, while other reports pointed to even higher bullish targets, signaling continued confidence ahead of earnings. Article Title
Positive Sentiment: Micron’s U.S. capacity expansion and advanced 1-alpha DRAM production were highlighted as strategic moves that could support long-term AI infrastructure demand, reinforcing the company’s role as a key memory supplier for AI data centers. Article Title
Positive Sentiment: Several articles say MU is likely to beat fiscal Q3 estimates thanks to tight memory supply, strong pricing power, and new chip ramp-up, which would extend the company’s recent run and keep AI-related optimism alive. Article Title
Neutral Sentiment: Investors are treating Micron’s June 24 earnings report as a key read-through on whether the AI-driven chip rally still has room to run. That makes the stock a high-expectation name going into results, but not automatically one with easy upside from here. Article Title
Neutral Sentiment: Some commentary also suggests Micron (MU) could see a volatile reaction even if earnings are good, since the stock has already had a huge run and expectations are elevated. Article Title
Negative Sentiment: Bearish pieces warn that Micron’s upcoming report is a “tough earnings test,” with some arguing the stock could fall if the company merely meets expectations instead of dramatically exceeding them. Article Title
Negative Sentiment: SK Hynix’s plan to expand memory production over the next five years was flagged as a competitive risk for MU, potentially pressuring pricing and margins later if supply growth outpaces demand. Article Title

Micron Technology Stock Performance

Shares of MU stock opened at $1,133.99 on Friday. The company has a market cap of $1.28 trillion, a price-to-earnings ratio of 53.54 and a beta of 2.16. The stock has a 50 day simple moving average of $748.09 and a 200-day simple moving average of $493.40. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,149.43. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 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 business had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. During the same period last year, the firm earned $1.56 EPS. The company’s quarterly revenue was up 196 compared to the same quarter last year. On average, equities analysts forecast that Micron Technology, Inc. will post 61.51 EPS for the current year.

About Micron Technology

(Free Report)

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.