Teamwork Financial Advisors LLC Cuts Holdings in Micron Technology, Inc. $MU

Teamwork Financial Advisors LLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 70.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,494 shares of the semiconductor manufacturer’s stock after selling 10,480 shares during the period. Teamwork Financial Advisors LLC’s holdings in Micron Technology were worth $1,283,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MU. REAP Financial Group LLC purchased a new position in Micron Technology in the 3rd quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Micron Technology during the 3rd quarter valued at about $27,000. Howard Hughes Medical Institute purchased a new stake in shares of Micron Technology during the 2nd quarter valued at about $30,000. Cullen Frost Bankers Inc. grew its stake in shares of Micron Technology by 79.3% in the third quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 88 shares during the period. Finally, WealthCollab LLC grew its stake in shares of Micron Technology by 4,500.0% in the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 270 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the transaction, the executive vice president directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Manish H. Bhatia sold 26,623 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the transaction, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. This trade represents a 7.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 23,200 shares of company stock worth $7,821,723 and sold 53,623 shares worth $21,832,908. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MU. Piper Sandler increased their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Wolfe Research lifted their target price on shares of Micron Technology from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Mizuho boosted their target price on shares of Micron Technology from $480.00 to $530.00 and gave the company an “outperform” rating in a research note on Thursday. Itau BBA Securities reissued an “outperform” rating on shares of Micron Technology in a report on Thursday, December 18th. Finally, Barclays raised their price target on Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $453.55.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Record Q2 results: Revenue of $23.86B (up ~196% YoY), EPS of $12.20 and exceptionally strong margins driven by AI demand — the quarter is being cited as a major catalyst for upside. Read More.
• Positive Sentiment: Analysts lifting targets and reiterating buys — Phillip Securities kept a Buy with a $530 PT; several firms have raised price targets (reports show multiple raises), supporting further upside expectations. Read More.
• Positive Sentiment: Dividend hike and surging free cash flow: Management boosted the dividend (~30% reported in media coverage) reflecting strong cash generation, which is a constructive sign for longer-term shareholder returns. Read More.
• Positive Sentiment: Capacity expansion: Micron completed the PSMC Tongluo P5 site acquisition and plans a second Taiwan fab to expand DRAM/HBM supply for AI customers — a structural growth investment. Read More.
• Neutral Sentiment: Industry supply developments: Elon Musk announced chip fabs by SpaceX/Tesla in Austin, highlighting broader industry investment that could change demand/supply dynamics over time. Read More.
• Neutral Sentiment: Macro angle: Fed commentary tying AI data-center demand to inflation keeps the macro/monetary backdrop relevant for cyclicals like memory. Read More.
• Negative Sentiment: Analyst downgrade hit: An analyst downgrade is cited as the immediate trigger for the intraday pullback, prompting short-term selling after the recent rally. Read More.
• Negative Sentiment: Management caution & cyclical concerns: CEO comments flagged caution after the beat, and several opinion pieces warn the current surge may be driven by short-term supply tightness rather than a permanently expanded moat. These points are keeping some investors defensive. Read More. • Read More.

Micron Technology Stock Down 4.8%

Shares of MU stock opened at $422.81 on Monday. The company’s fifty day simple moving average is $402.64 and its two-hundred day simple moving average is $285.35. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $471.34. The stock has a market cap of $476.81 billion, a P/E ratio of 19.96 and a beta of 1.50. 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 (NASDAQ:MU) last issued its quarterly earnings data 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 firm had revenue of $23.86 billion during the quarter, compared to analyst estimates of $18.90 billion. During the same quarter last year, the business posted $1.56 earnings per share. The business’s quarterly revenue was up 196.3% compared to the same quarter last year. Analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is 2.17%.

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.