Thompson Davis & CO. Inc. Takes Position in Micron Technology, Inc. $MU

Thompson Davis & CO. Inc. purchased a new position in Micron Technology, Inc. (NASDAQ:MU) during the second quarter, HoldingsChannel.com reports. The fund purchased 3,598 shares of the semiconductor manufacturer’s stock, valued at approximately $443,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MU. Achmea Investment Management B.V. bought a new stake in Micron Technology during the second quarter valued at approximately $3,759,000. Cornerstone Investment Partners LLC lifted its position in Micron Technology by 1.6% during the second quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock valued at $95,367,000 after purchasing an additional 12,061 shares in the last quarter. KLP Kapitalforvaltning AS lifted its position in Micron Technology by 6.2% during the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after purchasing an additional 23,600 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of Micron Technology by 6.4% during the 2nd quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer’s stock valued at $2,848,000 after acquiring an additional 1,386 shares during the period. Finally, Tcfg Wealth Management LLC purchased a new stake in shares of Micron Technology in the second quarter worth $208,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

MU stock opened at $244.20 on Thursday. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $257.07. The firm has a market cap of $274.11 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The firm has a 50-day simple moving average of $188.99 and a two-hundred day simple moving average of $137.44.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting analysts’ consensus estimates of $2.86. The company had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. Micron Technology’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given a $0.115 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio is currently 6.06%.

Analyst Upgrades and Downgrades

MU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Piper Sandler lifted their price target on Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. UBS Group boosted their price objective on Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. The Goldman Sachs Group lifted their target price on Micron Technology from $145.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Finally, Susquehanna raised their price target on Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, September 17th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $209.39.

Insider Buying and Selling at Micron Technology

In other news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at $34,345,047.45. The trade was a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the transaction, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 409,756 shares of company stock valued at $85,308,033 over the last quarter. Insiders own 0.30% of the company’s stock.

Micron Technology Company Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.