Leavell Investment Management Inc. Purchases 3,739 Shares of Micron Technology, Inc. $MU

Leavell Investment Management Inc. increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 95.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,655 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,739 shares during the quarter. Leavell Investment Management Inc.’s holdings in Micron Technology were worth $1,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orleans Capital Management Corp LA bought a new stake in shares of Micron Technology during the second quarter worth approximately $256,000. Cary Street Partners Financial LLC lifted its holdings in Micron Technology by 25.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after purchasing an additional 5,233 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in Micron Technology by 27.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after purchasing an additional 3,208 shares during the period. KLP Kapitalforvaltning AS grew its holdings in Micron Technology by 6.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after buying an additional 23,600 shares in the last quarter. Finally, WealthBridge Capital Management LLC bought a new position in Micron Technology during the 2nd quarter worth $210,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their target price on shares of Micron Technology from $275.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday. KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. HSBC initiated coverage on shares of Micron Technology in a research report on Tuesday, December 9th. They issued a “buy” rating and a $330.00 price target for the company. Royal Bank Of Canada started coverage on Micron Technology in a research note on Thursday. They set an “outperform” rating and a $425.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their target price on Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology currently has an average rating of “Buy” and a consensus price target of $326.66.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 3,743 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the sale, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at $92,557,339.42. The trade was a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven J. Gomo sold 5,000 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the transaction, the director directly owned 19,139 shares of the company’s stock, valued at $5,045,614.57. The trade was a 20.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 307,261 shares of company stock valued at $69,906,762. 0.24% of the stock is currently owned by company insiders.

More Micron Technology News

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

• Positive Sentiment: Micron celebrated the official groundbreaking for its planned New York “megafab” — a multi‑year, large‑scale investment that underpins long‑term capacity growth for AI DRAM/NAND demand and signals strong political and local support. Read More.
• Positive Sentiment: High‑profile insider buys: former TSMC co‑CEO Mark Liu purchased several million dollars of MU shares and director Teyin M. Liu disclosed a ~$3.9M purchase — management and industry veteran buying is a strong confidence signal for investors. Read More.
• Positive Sentiment: Wall Street lifted targets and coverage: Cantor Fitzgerald and others raised targets (Cantor to $450), RBC initiated with Outperform, Wells Fargo and Citi raised theirs — these notes broaden institutional demand and support higher valuations. Read More.
• Positive Sentiment: Analyst/market commentary points to strong AI data‑center demand and Micron’s HBM ramp, reinforcing revenue/margin upside expectations tied to the AI memory shortage. Read More.
• Neutral Sentiment: Media coverage highlights MU as a top semiconductor/AI pick (Zacks, Investopedia): helps attract flows, but also places MU into a crowded thematic trade that can amplify intra‑day moves. Read More.
• Neutral Sentiment: CEO and company commentary emphasize ongoing AI memory tightness — bullish for fundamentals but timing/size of revenue realization remains the key variable for investors. Read More.
• Negative Sentiment: Risk/volatility reminders: analysts and commentators note MU’s history of sharp drawdowns and the potential for profit‑taking after a massive rerating, which raises short‑term downside risk despite strong momentum. Read More.
• Negative Sentiment: Competition/rotation risk: some analysts warn other AI chip names could soak up investor flows, and thematic rotation could redirect capital away from memory names if expectations shift. Read More.

Micron Technology Trading Up 7.8%

MU opened at $362.75 on Monday. The company has a market cap of $408.28 billion, a P/E ratio of 34.48, a PEG ratio of 0.22 and a beta of 1.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $267.89 and its 200-day moving average is $192.79. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $365.81.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, beating the consensus estimate of $3.77 by $1.01. The business had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm’s revenue was up 56.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were given a $0.115 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.46 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 4.37%.

Micron Technology Profile

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.