Essex Bank Makes New $247,000 Investment in Micron Technology, Inc. $MU

Essex Bank bought a new position in Micron Technology, Inc. (NASDAQ:MU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,477 shares of the semiconductor manufacturer’s stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Atlatl Advisers LLC increased its holdings in shares of Micron Technology by 323.9% in the third quarter. Atlatl Advisers LLC now owns 12,144 shares of the semiconductor manufacturer’s stock worth $2,032,000 after purchasing an additional 9,279 shares during the period. Chung Wu Investment Group LLC grew its holdings in shares of Micron Technology by 9,495.0% in the third quarter. Chung Wu Investment Group LLC now owns 9,595 shares of the semiconductor manufacturer’s stock worth $1,605,000 after purchasing an additional 9,495 shares during the last quarter. Mediolanum International Funds Ltd grew its stake in shares of Micron Technology by 230.5% in the third quarter. Mediolanum International Funds Ltd now owns 215,100 shares of the semiconductor manufacturer’s stock worth $35,255,000 after purchasing an additional 150,009 shares during the last quarter. Meridian Wealth Management LLC boosted its holdings in Micron Technology by 64.7% in the third quarter. Meridian Wealth Management LLC now owns 4,161 shares of the semiconductor manufacturer’s stock valued at $696,000 after acquiring an additional 1,634 shares in the last quarter. Finally, Souders Financial Advisors boosted its position in Micron Technology by 7.1% during the 3rd quarter. Souders Financial Advisors now owns 3,350 shares of the semiconductor manufacturer’s stock valued at $560,000 after acquiring an additional 221 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 5,000 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $263.63, for a total value of $1,318,150.00. Following the transaction, the director owned 19,139 shares of the company’s stock, valued at $5,045,614.57. This represents a 20.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total transaction of $675,000.00. Following the completion of the sale, the chief accounting officer directly owned 38,237 shares of the company’s stock, valued at approximately $12,904,987.50. This trade represents a 4.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have bought 23,200 shares of company stock worth $7,821,723 and have sold 61,123 shares worth $19,547,151. 0.24% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Multiple Fool.com pieces argue Micron is a top AI/memory beneficiary as hyperscalers ramp specialized memory demand, framing MU as a potential multi‑year growth winner. Is Micron the Next Nvidia?
• Positive Sentiment: Market recap notes Micron “soars again,” reflecting broad market recovery + stock‑specific momentum from the AI narrative and fresh analyst optimism. Stock Market Today, Feb. 2: Stocks Recover and Micron Technology Soars Again
• Positive Sentiment: Fool.com lists Micron among top AI stocks to buy in 2026, citing a relatively low valuation vs. rapidly growing memory revenue as customers scramble for HBM and other DRAM. My Top Artificial Intelligence (AI) Stocks to Buy in 2026
• Positive Sentiment: Analysts expect big 2026 earnings growth for Micron as memory demand surges; several articles highlight consensus expectations for materially higher EPS next year. This Dirt Cheap Stock Is Expected to Quadruple Its
• Positive Sentiment: Mizuho raised MU’s price target to $480 and maintained an Outperform rating, explicitly citing improved 2026 revenue and margin expectations — a direct catalyst for buy‑side interest. Mizuho Lifts Micron Technology, Inc. (MU)’s Price Target To $480
• Positive Sentiment: Several deep‑dive pieces highlight Micron’s exposure to Nvidia/AMD AI chips through HBM supply and the doubling of data center revenue last quarter, supporting a thesis of continued upside. How Much Higher Can Micron Stock Go?
• Neutral Sentiment: Positive coverage cites strong growth, but MU still carries market volatility and a stretched P/E vs historical levels; investors should weigh momentum against valuation and execution risk. This AI Stock Could Be Your Best Shot at Life

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MU shares. Raymond James Financial lifted their price target on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. KeyCorp upped their price target on shares of Micron Technology from $325.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Wedbush set a $320.00 price objective on shares of Micron Technology in a research report on Thursday, December 18th. Barclays lifted their target price on shares of Micron Technology from $275.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, HSBC boosted their target price on Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $349.76.

Micron Technology Trading Up 5.5%

Shares of Micron Technology stock opened at $437.66 on Tuesday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $455.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The company has a market capitalization of $492.59 billion, a P/E ratio of 41.60 and a beta of 1.51. The company has a fifty day moving average of $305.59 and a 200 day moving average of $214.69.

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

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 4.37%.

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.