Townsend Asset Management Corp NC ADV Boosts Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Townsend Asset Management increased its Micron Technology stake by 111.4% in the first quarter, ending with 2,431 shares worth about $821,000.
• Micron reported blowout quarterly results, with EPS of $25.11 and revenue of $41.46 billion, both well above estimates. The company also raised Q4 2026 guidance to 30.0-32.0 EPS.
• Wall Street remains broadly bullish on MU, with several firms lifting price targets and a consensus rating of Buy; meanwhile, insiders have been selling shares, including the CEO and a director, during the past 90 days.

Townsend Asset Management Corp NC ADV grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 111.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,431 shares of the semiconductor manufacturer's stock after buying an additional 1,281 shares during the quarter. Townsend Asset Management Corp NC ADV's holdings in Micron Technology were worth $821,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MU. Heritage Trust Co grew its holdings in shares of Micron Technology by 9.7% in the fourth 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. Fulton Bank N.A. raised its holdings in Micron Technology by 79.1% during the 4th quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer's stock valued at $4,619,000 after buying an additional 7,147 shares during the last quarter. Financial Synergies Wealth Advisors Inc. bought a new stake in Micron Technology during the 4th quarter valued at $1,316,000. PKO BP BANKOWY Universal Pension Society JSC purchased a new stake in Micron Technology during the 4th quarter valued at $61,306,000. Finally, Dara Capital US Inc. purchased a new stake in Micron Technology during the 4th quarter valued at $2,926,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Down 0.5%

Shares of NASDAQ MU opened at $848.95 on Friday. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,255.00. The firm has a market capitalization of $958.80 billion, a PE ratio of 19.22 and a beta of 2.14. The firm has a fifty day simple moving average of $949.46 and a two-hundred day simple moving average of $599.95.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company's quarterly revenue was up 345.8% compared to the same quarter last year. During the same period last year, the company posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities analysts expect that Micron Technology, Inc. will post 72.99 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Analysts Set New Price Targets

MU has been the topic of a number of analyst reports. Needham & Company LLC boosted their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Morgan Stanley increased their target price on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Stifel Nicolaus raised their target price on Micron Technology from $550.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Thursday, June 18th. Wells Fargo & Company boosted their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Finally, UBS Group upped their price target on Micron Technology from $535.00 to $1,625.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $1,268.93.

Key Headlines Impacting Micron Technology

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.

Insider Transactions at Micron Technology

In other news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director owned 17,728 shares of the company's stock, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 28,506 shares of the firm's stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the completion of the transaction, the chief executive officer owned 355,997 shares of the company's stock, valued at approximately $409,140,232.16. The trade was a 7.41% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 163,300 shares of company stock valued at $152,667,204. Insiders own 0.24% of the company's stock.

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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