Townsquare Capital LLC Has $2.97 Million Holdings in Micron Technology, Inc. $MU

Townsquare Capital LLC increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 229.0% during the fourth quarter, HoldingsChannel reports. The fund owned 10,394 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,235 shares during the quarter. Townsquare Capital LLC’s holdings in Micron Technology were worth $2,967,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MU. Heritage Trust Co increased its stake in shares of Micron Technology by 9.7% during the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after purchasing an additional 1,323 shares during the last quarter. Generation Capital Management LLC purchased a new stake in shares of Micron Technology during the 3rd quarter worth approximately $238,000. Wealthfront Advisers LLC increased its stake in shares of Micron Technology by 9.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock worth $15,962,000 after purchasing an additional 8,489 shares during the last quarter. Westpac Banking Corp increased its stake in shares of Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock worth $3,863,000 after purchasing an additional 16,509 shares during the last quarter. Finally, Avanda Investment Management Pte. Ltd. purchased a new stake in shares of Micron Technology during the 3rd quarter worth approximately $418,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron continues to benefit from strong AI-memory demand, with multiple recent articles highlighting HBM, server DRAM, and SSD exposure as key drivers of the company’s growth. Micron’s Parabolic Run May Have More Room To Go
• Positive Sentiment: Analysts remain broadly constructive: Goldman Sachs and Wells Fargo both raised price targets, reinforcing the view that earnings and AI demand can still support further upside. Micron Technology To $900? Here Are 10 Top Analyst Forecasts For Wednesday
• Positive Sentiment: Micron also announced it selected Bechtel for the first phase of its New York semiconductor campus, a sign that its U.S. manufacturing expansion is moving forward. Micron Selects Bechtel as Construction Partner for Historic New York Semiconductor Project
• Neutral Sentiment: Micron added a high-profile AI/cloud executive, Dr. Alexis Black Björlin, to its board of directors, which supports the company’s strategic positioning but is not a near-term financial catalyst. Micron Appoints Alexis Black Björlin to Board of Directors
• Neutral Sentiment: Several upbeat commentary pieces and momentum screens continue to frame MU as a top AI-infrastructure winner, but these are largely sentiment-driven rather than new operational disclosures. Micron & 2 Momentum Stocks to Buy Now for Explosive Upside
• Negative Sentiment: Shares are being dragged lower along with other AI hardware names as investors react to Super Micro’s stock sale, hotter inflation data, and geopolitical tensions, sparking a broader selloff in semiconductors. Stock Market Today, June 10: Super Micro Computer, Nvidia, Micron Fall as Risk-Off Mood Intensifies
• Negative Sentiment: The stock’s strong run has also left it vulnerable to profit-taking, with some analysts warning that expectations are very high heading into Micron’s June 24 earnings report. Is Micron’s Stock Price Dip a Buying Opportunity?

Micron Technology Stock Down 4.7%

MU opened at $891.88 on Thursday. The company has a 50 day moving average of $652.14 and a 200 day moving average of $454.31. The company has a market cap of $1.01 trillion, a PE ratio of 42.11 and a beta of 2.16. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,089.29. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating the consensus estimate of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. During the same period last year, the firm earned $1.56 EPS. The business’s quarterly revenue was up 196 compared to the same quarter last year. On average, sell-side analysts expect that Micron Technology, Inc. will post 59.12 EPS for the current year.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is 2.83%.

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the transaction, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 146,000 shares of company stock valued at $85,486,715 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MU shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Cantor Fitzgerald raised their price objective on shares of Micron Technology from $700.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Monday. DA Davidson initiated coverage on shares of Micron Technology in a report on Monday, May 11th. They issued a “buy” rating and a $1,000.00 price objective for the company. Melius Research initiated coverage on shares of Micron Technology in a report on Monday, April 27th. They issued a “buy” rating and a $700.00 price objective for the company. Finally, Bank of America raised their price objective on shares of Micron Technology from $400.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average price target of $707.63.

Micron Technology Company 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.