Talos Eurisko Asset Management LP Invests $22.80 Million in Micron Technology, Inc. $MU

Talos Eurisko Asset Management LP purchased a new position in Micron Technology, Inc. (NASDAQ:MU) during the fourth quarter, Holdings Channel reports. The fund purchased 79,891 shares of the semiconductor manufacturer’s stock, valued at approximately $22,802,000. Micron Technology makes up about 4.0% of Talos Eurisko Asset Management LP’s investment portfolio, making the stock its 7th biggest position.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after buying an additional 1,954,644 shares during the last quarter. State Street Corp boosted its stake in shares of Micron Technology by 2.1% in the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after purchasing an additional 1,090,644 shares in the last quarter. Capital International Investors boosted its stake in shares of Micron Technology by 0.7% in the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after purchasing an additional 155,860 shares in the last quarter. Norges Bank purchased a new stake in shares of Micron Technology in the 4th quarter valued at $6,433,456,000. Finally, Morgan Stanley boosted its stake in shares of Micron Technology by 5.1% in the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after purchasing an additional 794,289 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: TD Cowen raised its price target on Micron to $1,500 from $660 and reiterated a buy rating, saying AI-driven memory demand could support pricing strength through 2027. Micron Rallies as TD Cowen Lifts Price Target 127% Ahead of Earnings
• Positive Sentiment: RBC also lifted its Micron target, citing a stronger memory cycle and AI demand, while other firms including Wolfe Research and Cantor Fitzgerald have recently posted bullish targets, reinforcing the optimistic Wall Street backdrop. Micron Price Target Raised at RBC on Stronger Memory Cycle, AI Demand
• Positive Sentiment: Investors are betting that AI infrastructure spending and memory shortages will keep Micron’s pricing power elevated, with multiple reports describing the stock as a beneficiary of a broader semiconductor and storage rally. Micron Stock Wins Over the Crowd Ahead of Q3 Earnings
• Neutral Sentiment: Some commentary warns that the stock is becoming stretched after a huge run, with articles highlighting overbought signals and cycle-risk concerns ahead of earnings. Micron: AI’s Memory King Still Can’t Escape The Cycle
• Negative Sentiment: Bearish takes note that Micron is already pricing in a lot of good news, and options activity suggests traders are hedging against volatility or a potential post-earnings pullback. Micron: Why Option Market Prices Key Risks Differently

Insider Activity at Micron Technology

In other news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the sale, the executive vice president directly owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is currently owned by company insiders.

Micron Technology Trading Up 10.8%

Shares of MU opened at $1,087.99 on Tuesday. The stock has a market capitalization of $1.23 trillion, a P/E ratio of 51.37 and a beta of 2.15. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $692.02 and a two-hundred day simple moving average of $471.28. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,097.47.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating the consensus estimate of $9.19 by $3.01. The business had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm’s revenue for the quarter was up 196 compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.56 EPS. On average, research analysts anticipate that Micron Technology, Inc. will post 59.23 EPS for the current year.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is 2.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MU shares. Erste Group Bank cut shares of Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Bank of America upped their price objective on shares of Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Wolfe Research upped their price objective on shares of Micron Technology from $550.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus target price of $788.13.

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.