Townsend Asset Management Corp NC ADV Acquires 1,281 Shares of Micron Technology, Inc. $MU

Townsend Asset Management Corp NC ADV boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 111.4% in the first quarter, HoldingsChannel reports. The fund owned 2,431 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,281 shares during the period. Townsend Asset Management Corp NC ADV’s holdings in Micron Technology were worth $821,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Heritage Trust Co raised its stake in Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock valued at $4,289,000 after buying an additional 1,323 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of Micron Technology by 79.1% in the fourth quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer’s stock worth $4,619,000 after acquiring an additional 7,147 shares during the last quarter. Financial Synergies Wealth Advisors Inc. purchased a new stake in shares of Micron Technology in the fourth quarter worth $1,316,000. PKO BP BANKOWY Universal Pension Society JSC bought a new position in shares of Micron Technology during the fourth quarter valued at $61,306,000. Finally, Dara Capital US Inc. purchased a new position in shares of Micron Technology in the 4th quarter worth about $2,926,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Down 0.5%

Micron Technology stock opened at $848.95 on Friday. Micron Technology, Inc. has a one year low of $103.38 and a one year high of $1,255.00. The business’s fifty day moving average is $949.46 and its 200 day moving average is $599.95. The stock has a market capitalization of $958.80 billion, a PE ratio of 19.22 and a beta of 2.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s revenue was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts predict that Micron Technology, Inc. will post 72.99 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s payout ratio is presently 1.36%.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 163,300 shares of company stock valued at $152,667,204 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on MU shares. Mizuho increased their price objective on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Bank of America lifted their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Raymond James Financial upped their target price on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. TD Cowen reiterated a “buy” rating on shares of Micron Technology in a report on Friday, July 10th. Finally, Rosenblatt Securities raised their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $1,268.93.

More Micron Technology News

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

• Positive Sentiment: Micron continues to benefit from AI infrastructure spending, with multiple articles highlighting strong demand for advanced memory and storage as a long-term growth driver.
• Positive Sentiment: Analysts at KeyCorp reiterated an Overweight view and a $1,750 price target, signaling continued Wall Street confidence in Micron’s earnings power.
• Positive Sentiment: Recent coverage says Micron’s lower valuation, strong returns, and light debt load may make it more attractive than peers such as TSMC as an AI semiconductor investment.
• Positive Sentiment: Micron also announced long-term automotive supply agreements, expanding its AI-memory opportunity beyond data centers into next-generation vehicles.
• Neutral Sentiment: The stock is being described as highly volatile, with some analysts framing Micron as a momentum name that can swing sharply in either direction as sentiment around AI changes.
• Neutral Sentiment: Several recent commentaries argue the latest drop may be technical and sentiment-driven, creating a different risk-reward setup than Micron had a month ago. Micron: Things Change
• Negative Sentiment: Micron is falling alongside other chip stocks as investors rotate out of AI and momentum names, pressuring the whole semiconductor group.
• Negative Sentiment: Fresh concerns about future memory pricing, including reports of Chinese competitor CXMT preparing a large IPO and CoreWeave exploring hedges against falling memory costs, are weighing on sentiment.
• Negative Sentiment: Micron’s recent sharp pullback has revived worries that the memory cycle may be peaking, even though several bullish articles argue the long-term demand story remains intact.

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.