Tiemann Investment Advisors LLC Takes Position in Micron Technology, Inc. $MU

Tiemann Investment Advisors LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,713 shares of the semiconductor manufacturer’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MU. Achmea Investment Management B.V. bought a new position in shares of Micron Technology in the second quarter worth approximately $3,759,000. Cornerstone Investment Partners LLC lifted its holdings in shares of Micron Technology by 1.6% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer’s stock worth $95,367,000 after acquiring an additional 12,061 shares during the last quarter. Moors & Cabot Inc. grew its position in Micron Technology by 6.4% in the second quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer’s stock worth $2,848,000 after acquiring an additional 1,386 shares in the last quarter. Tcfg Wealth Management LLC purchased a new position in Micron Technology in the second quarter worth $208,000. Finally, Kera Capital Partners Inc. bought a new position in Micron Technology in the second quarter valued at $211,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Micron Technology

In related news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the sale, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. This represents a 36.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the transaction, the chief executive officer owned 396,578 shares of the company’s stock, valued at $92,557,339.42. The trade was a 0.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 409,756 shares of company stock worth $85,308,033. Insiders own 0.30% of the company’s stock.

Micron Technology Stock Performance

Shares of MU opened at $253.30 on Tuesday. The company has a 50-day simple moving average of $184.01 and a two-hundred day simple moving average of $135.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The firm has a market capitalization of $284.32 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $257.07.

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

Micron Technology Announces Dividend

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

Analyst Ratings Changes

MU has been the subject of several research analyst reports. KeyCorp lifted their price target on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Wedbush increased their price target on shares of Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. The Goldman Sachs Group boosted their price objective on shares of Micron Technology from $145.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Cantor Fitzgerald increased their target price on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, Summit Insights raised Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $205.64.

Micron Technology 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.