Tripletail Wealth Management LLC Makes New Investment in Micron Technology, Inc. $MU

Tripletail Wealth Management LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,509 shares of the semiconductor manufacturer’s stock, valued at approximately $307,000.

Several other institutional investors have also modified their holdings of MU. First Command Advisory Services Inc. lifted its holdings in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of Micron Technology during the 2nd quarter valued at $30,000. AlphaQuest LLC raised its holdings in shares of Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares during the period. Hilltop National Bank acquired a new stake in shares of Micron Technology in the second quarter worth $37,000. Finally, Saudi Central Bank purchased a new position in Micron Technology in the first quarter valued at about $38,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

NASDAQ MU opened at $246.92 on Tuesday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $260.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The stock has a market capitalization of $277.57 billion, a PE ratio of 32.53, a P/E/G ratio of 0.50 and a beta of 1.54. The stock has a 50-day simple moving average of $217.21 and a 200 day simple moving average of $155.94.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period last year, the business posted $1.18 EPS. The business’s quarterly revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the sale, the chief executive officer owned 446,578 shares in the company, valued at approximately $98,568,696.16. This represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the transaction, the executive vice president directly owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 399,852 shares of company stock worth $84,048,737. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MU has been the topic of several recent analyst reports. TD Cowen boosted their price target on Micron Technology from $200.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Raymond James Financial increased their price target on Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Susquehanna upped their target price on Micron Technology from $200.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday. CLSA assumed coverage on shares of Micron Technology in a report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 target price on the stock. Finally, Bank of America boosted their price objective on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $228.66.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.