Shelton Wealth Management LLC Trims Holdings in Micron Technology, Inc. $MU

Posted by George Bondi on Jul 7th, 2026

Shelton Wealth Management LLC cut its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 59.8% in the 1st quarter, Holdings Channel reports. The firm owned 4,509 shares of the semiconductor manufacturer’s stock after selling 6,720 shares during the period. Shelton Wealth Management LLC’s holdings in Micron Technology were worth $1,523,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares in the last quarter. State Street Corp increased its position in Micron Technology by 2.1% in the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after buying an additional 1,090,644 shares in the last quarter. Capital International Investors lifted its stake in shares of Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after buying an additional 155,860 shares in the last quarter. Norges Bank purchased a new stake in Micron Technology during the 4th quarter valued at approximately $6,433,456,000. Finally, Morgan Stanley increased its holdings in shares of Micron Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after purchasing an additional 794,289 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Analysts Set New Price Targets

MU has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Rosenblatt Securities boosted 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. The Goldman Sachs Group upped their target price on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. TD Cowen boosted their target price on shares of Micron Technology from $1,500.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Mizuho boosted their target price on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $1,263.76.

Check Out Our Latest Stock Report on Micron Technology

Micron Technology News Summary

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

Positive Sentiment: Micron’s new long-term Ford supply agreement reinforces demand visibility and strengthens its position in automotive memory, which investors see as a growth driver. Reuters: Micron, Ford sign semiconductor supply agreement for vehicles
Positive Sentiment: Recent coverage continues to emphasize record revenue, soaring AI-driven demand, and tight memory supply, supporting the bull case for Micron Technology. Motley Fool: Micron Stock Is Down 22% From Its High
Positive Sentiment: BofA and other bullish commentary say AI cloud spending still supports the chip cycle, helping offset some of the near-term fear. Yahoo Finance: BofA Stays Bullish on Micron
Neutral Sentiment: Micron is moving with the broader memory complex, so the stock is being driven as much by Samsung/SK Hynix sentiment and sector volatility as by company-specific news. MarketWatch: Micron’s stock falls as investors wonder if the memory market is near the top
Neutral Sentiment: Insider selling, including EVP April Arnzen’s share sale, adds some caution but does not change the company’s underlying growth narrative. InsiderTrades: April Arnzen Sells 40,000 Shares
Negative Sentiment: The biggest near-term drag is a memory-chip selloff tied to Samsung earnings and fears that AI-memory valuations have run too far, which is pushing Micron lower despite solid fundamentals. TipRanks: Micron Stock Drops as Asian Selloff Revived AI-Valuation Worries

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 28,506 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $1,149.28, for a total transaction of $32,761,375.68. Following the transaction, the chief executive officer directly owned 355,997 shares of the company’s stock, valued at approximately $409,140,232.16. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the transaction, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 187,300 shares of company stock worth $162,779,604 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Micron Technology Trading Down 7.5%

NASDAQ MU traded down $73.90 during trading on Tuesday, hitting $910.85. The stock had a trading volume of 22,694,971 shares, compared to its average volume of 45,734,559. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,255.00. The firm has a 50 day moving average price of $876.93 and a 200 day moving average price of $554.99. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.03 trillion, a PE ratio of 20.62 and a beta of 2.14.

Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same period last year, the business posted $1.91 earnings per share. Micron Technology’s revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Announces Dividend

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

Micron Technology Company Profile

(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.