Tenzing Financial LLC Buys Shares of 874 Micron Technology, Inc. $MU

Tenzing Financial LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MU) in the fourth quarter, HoldingsChannel.com reports. The fund bought 874 shares of the semiconductor manufacturer’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MU. Truvestments Capital LLC raised its holdings in Micron Technology by 3.0% during the fourth quarter. Truvestments Capital LLC now owns 4,314 shares of the semiconductor manufacturer’s stock worth $1,231,000 after purchasing an additional 125 shares in the last quarter. Zinnia Wealth Advisory LLC bought a new position in shares of Micron Technology in the fourth quarter valued at $261,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Micron Technology by 11.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 156,061 shares of the semiconductor manufacturer’s stock valued at $44,541,000 after buying an additional 16,562 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Micron Technology by 384.3% in the fourth quarter. Panagora Asset Management Inc. now owns 388,935 shares of the semiconductor manufacturer’s stock valued at $111,006,000 after buying an additional 308,631 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of Micron Technology by 166.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 383,626 shares of the semiconductor manufacturer’s stock valued at $109,491,000 after buying an additional 239,642 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MU has been the topic of several research reports. Cantor Fitzgerald upped their price target on Micron Technology from $700.00 to $1,500.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft upped their price target on Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a report on Tuesday, May 12th. Wedbush upped their price target on Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Finally, Raymond James Financial upped their price target on Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $737.63.

Insider Activity at Micron Technology

In other news, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. The trade was a 9.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 146,000 shares of company stock valued at $85,486,715. Insiders own 0.24% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: AI-driven demand for high-bandwidth memory and NAND storage continues to support Micron’s long-term growth outlook, with analysts citing strong margins and revenue momentum. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
• Positive Sentiment: Wall Street remains broadly upbeat on Micron’s earnings power, with several analysts raising targets and saying the stock still has double-digit upside ahead of earnings. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
• Positive Sentiment: Micron is being viewed as a key AI beneficiary, with investors and analysts pointing to HBM demand, institutional buying, and recent certification for Nvidia’s next-gen platform as evidence of stronger secular demand. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
• Neutral Sentiment: Several pieces frame Micron as a high-momentum AI stock, but these are more commentary than new company-specific catalysts. How to Hold the Next Nvidia Through the Noise
• Negative Sentiment: Goldman Sachs’ cautious stance suggests investors may be pricing in too much optimism before earnings, which can create near-term volatility if results are merely solid rather than exceptional. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
• Negative Sentiment: Some articles note profit-taking after Micron’s explosive rally, with valuation concerns weighing on sentiment despite the strong AI backdrop. Micron stock plunges 12% in a week: why investors are booking profits

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $981.61 on Monday. The company’s fifty day moving average is $677.58 and its two-hundred day moving average is $465.20. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 12-month low of $103.38 and a 12-month high of $1,089.29. The company has a market cap of $1.11 trillion, a P/E ratio of 46.35 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (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 company had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. During the same period in the previous year, the business earned $1.56 EPS. The company’s revenue was up 196 on a year-over-year basis. Equities analysts expect that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were paid a dividend of $0.15 per share. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 2.83%.

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.