Tounjian Advisory Partners LLC Sells 4,026 Shares of Micron Technology, Inc. $MU

Key Points

• Tounjian Advisory Partners LLC trimmed its Micron stake by 32.6%, selling 4,026 shares and retaining 8,336 shares worth about $2.38 million.
• Micron delivered a blowout quarter (EPS $12.20 vs. $8.50 expected; revenue $23.86B, +196% YoY), spurring multiple analyst price-target increases (several to $500–$550) and an overall consensus rating of "Buy."

Tounjian Advisory Partners LLC reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 32.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,336 shares of the semiconductor manufacturer's stock after selling 4,026 shares during the period. Tounjian Advisory Partners LLC's holdings in Micron Technology were worth $2,379,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Micron Technology during the 2nd quarter worth approximately $1,980,700,000. AQR Capital Management LLC increased its position in shares of Micron Technology by 411.9% in the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock valued at $606,873,000 after acquiring an additional 2,918,535 shares during the last quarter. Slate Path Capital LP bought a new stake in Micron Technology during the second quarter worth about $317,751,000. State Street Corp boosted its position in Micron Technology by 2.7% during the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer's stock valued at $6,331,795,000 after purchasing an additional 1,349,713 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Micron Technology by 70.2% during the third quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer's stock valued at $505,942,000 after purchasing an additional 1,246,773 shares during the last quarter. Institutional investors own 80.84% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on MU shares. TD Cowen boosted their price target on Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Micron Technology from $500.00 to $550.00 and gave the company a "buy" rating in a report on Thursday. Royal Bank Of Canada boosted their target price on shares of Micron Technology from $425.00 to $525.00 and gave the stock an "outperform" rating in a report on Monday, March 16th. Raymond James Financial upped their price target on shares of Micron Technology from $190.00 to $310.00 and gave the stock an "outperform" rating in a research report on Thursday, December 18th. Finally, Wells Fargo & Company increased their price target on shares of Micron Technology from $470.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Micron Technology currently has an average rating of "Buy" and an average target price of $453.55.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $422.81 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.78 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $475.87 billion, a P/E ratio of 19.96 and a beta of 1.50. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $471.34. The stock has a 50 day moving average of $402.64 and a 200-day moving average of $284.19.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts' consensus estimates of $8.50 by $3.70. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $18.90 billion. During the same quarter in the prior year, the business earned $1.56 EPS. The firm's revenue for the quarter was up 196.3% on a year-over-year basis. As a group, equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 30th. This is a boost from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology's payout ratio is currently 2.17%.

Insider Activity at Micron Technology

In related news, Director Teyin M. Liu bought 7,820 shares of the business's stock in a transaction dated Wednesday, January 14th. The stock was bought at an average price of $337.50 per share, for a total transaction of $2,639,250.00. Following the purchase, the director owned 25,910 shares in the company, valued at $8,744,625. This represents a 43.23% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the sale, the executive vice president directly owned 323,486 shares of the company's stock, valued at $126,495,965.44. The trade was a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have acquired 23,200 shares of company stock worth $7,821,723 and have sold 68,623 shares worth $25,989,258. 0.24% of the stock is owned by corporate insiders.

Micron Technology News Roundup

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

• Positive Sentiment: Q2 blowout: Micron reported huge revenue and EPS beats and raised forward guidance, reinforcing AI-driven DRAM/HBM demand and pricing power. Micron’s Mic‑Drop Quarter: AI Memory Demand Supercharged Earnings
• Positive Sentiment: Wall Street lifts price targets and reiterates buys (multiple firms raised PTs substantially), signaling analyst conviction in a sustained AI memory cycle. Bank of America revamps Micron stock price target post earnings
• Positive Sentiment: Supply tightness/HBM momentum: Micron has started volume shipments of HBM4 and analysts highlight persistent HBM shortages that support pricing and margins. Micron Announces Starting Volume Shipment of HBM4 36GB
• Neutral Sentiment: Technical/volatility notes: commentators flag a fast breakout then pullback — some view current action as a potential re-entry/buy-the-dip opportunity while others warn of resistance and a possible bull trap. Is This A Bull Trap For Micron Technology?
• Negative Sentiment: Heavy capex warning: management plans “meaningfully” higher capital spending to expand capacity — investors fear margin pressure and near‑term cash intensity despite long‑term payoff. Micron shares slip as hefty spending plans eclipse strong AI‑fueled earnings
• Negative Sentiment: Sell‑the‑news & downgrade noise: despite stellar results, the stock has seen pullbacks driven by profit‑taking, an analyst downgrade or cautionary notes about sustainability of the cycle. Why Micron (MU) Stock Is Down Today
• Negative Sentiment: Macro/geopolitical risk: recent Middle East energy infrastructure attacks are cited as an additional market headwind that contributed to post‑earnings weakness. Why attack on Qatar's energy facility is bearish for Micron

Micron Technology 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.

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