HB Wealth Management 13F: Adds $11M to MU Stake

HB Wealth Management increased its position in Micron Technology, Inc. MU during the quarter, picking up 9,869 more shares to bring its total stake to 51,905 shares. According to a Form 13F filing with the SEC on October 23, 2026, the firm's investment was worth about $55.2 million at the time of reporting.

MU Micron Technology, Inc.

$877.55 ▲ +178.42% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in HB Wealth Management's Micron Technology Position

The fund expanded its holdings by 23.4%, growing from a prior count of 42,036 shares up to 51,905 shares. This notable increase demonstrates growing interest in the semiconductor stock from the wealth manager during the period.

Other Institutional Activity in Micron Technology

Other fund managers adjusted their positions in the memory chip manufacturer as well. Perigon Wealth Management reduced its holdings by 2,349 shares, ending with 29,670 shares worth about $31.6 million. RMR Wealth Builders trimmed its stake by 924 shares, leaving it with 11,686 shares valued at roughly $12.4 million. Oriental Harbor Investment Master Fund added 3,306 shares for a total of 150,893 shares worth about $160.7 million. Brookstone Capital Management grew its position by 20,369 shares, finishing with 59,878 shares valued at approximately $63.7 million. MBL Wealth lifted its holdings by 988 shares to reach 4,620 shares worth about $4.9 million.

Micron Technology, Inc. Stock Down 4.0%

Micron shares recently traded around $877.11 as of October 24, 2026. The stock closed at $877.55 on the day of the filing. While the stock sits below its 50-day moving average, it remains solidly above its 200-day moving average and well above its 52-week low.

Recent Earnings

The Boise, Idaho-based tech firm reported trailing twelve-month revenue of $133.18 billion alongside earnings of $74.33 per share. The company posts a net margin of 63.8% and a return on equity of 88.3%. Its next earnings report is expected on December 23, 2026.

Dividend

Micron pays an annual dividend rate of $0.60 per share, giving it a dividend yield of 0.07%. The payout ratio sits at 0.7% of earnings, reflecting a modest return of cash to shareholders while the business reinvests heavily in its memory and storage operations.

Insider Buying and Selling at Micron Technology, Inc.

Company insiders executed several sales ahead of the filing period. Chief Executive Officer Sanjay Mehrotra parted with 31,285 shares on July 24, 2026, and another 40,000 shares on August 21, 2026. Officer Sumit Sadana sold 15,000 shares at a price of $934.29 on August 18, 2026, totaling about $14.0 million. President Scott J. Deboer also sold 28,544 shares on October 16, 2026, worth roughly $25.6 million.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock through October. Mizuho maintained an Outperform rating while raising its price target to $1,400.00 from $1,300.00 on October 1. DA Davidson kept a Buy rating and bumped its target to $3,000.00 from $2,100.00 on October 7. Rosenblatt reiterated a Buy rating with a $1,900.00 target on October 13 and again on October 22. Needham also reiterated a Buy rating with a $1,650.00 target on October 22. The stock currently holds a consensus Strong Buy rating with a mean price target of $1,561.91 across 45 analyst opinions.

About Micron Technology

Micron Technology builds advanced semiconductor memory and storage products used across the globe. The company operates multiple divisions focused on cloud computing, core data centers, mobile devices, client computing, and automotive systems. Its hardware underpins modern computing infrastructure, making it a key player in the hardware supply chain.

Bottom Line

Investors will look toward Micron's upcoming earnings report on December 23, 2026, for further updates on storage demand and profit margins. Institutional filings will continue to provide a window into how major wealth managers position themselves ahead of the new year.