Sentry Investment Management LLC Sells 147 Shares of Micron Technology, Inc. (NASDAQ:MU)

Sentry Investment Management LLC decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,188 shares of the semiconductor manufacturer’s stock after selling 147 shares during the period. Sentry Investment Management LLC’s holdings in Micron Technology were worth $528,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Micron Technology by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 94,229,187 shares of the semiconductor manufacturer’s stock valued at $6,410,412,000 after purchasing an additional 305,860 shares during the period. State Street Corp boosted its holdings in Micron Technology by 2.4% in the 1st quarter. State Street Corp now owns 45,911,286 shares of the semiconductor manufacturer’s stock valued at $2,770,316,000 after purchasing an additional 1,074,820 shares during the period. FMR LLC boosted its holdings in Micron Technology by 47.9% in the 3rd quarter. FMR LLC now owns 21,899,184 shares of the semiconductor manufacturer’s stock valued at $1,489,801,000 after purchasing an additional 7,089,790 shares during the period. Geode Capital Management LLC boosted its holdings in Micron Technology by 1.3% in the 1st quarter. Geode Capital Management LLC now owns 20,348,845 shares of the semiconductor manufacturer’s stock valued at $1,225,181,000 after purchasing an additional 253,179 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Micron Technology by 43.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,383,628 shares of the semiconductor manufacturer’s stock valued at $1,182,608,000 after purchasing an additional 5,257,201 shares during the period. Institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 4,890 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $119.30, for a total value of $583,377.00. Following the sale, the executive vice president now owns 148,817 shares of the company’s stock, valued at $17,753,868.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP April S. Arnzen sold 4,890 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $119.30, for a total value of $583,377.00. Following the sale, the executive vice president now owns 148,817 shares of the company’s stock, valued at $17,753,868.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $80.44, for a total transaction of $563,080.00. Following the transaction, the chief executive officer now directly owns 788,557 shares of the company’s stock, valued at approximately $63,431,525.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 313,890 shares of company stock valued at $33,354,527. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MU shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $140.00 price target on shares of Micron Technology in a report on Monday, March 18th. StockNews.com raised shares of Micron Technology from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Piper Sandler upped their price target on shares of Micron Technology from $95.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. upped their price objective on shares of Micron Technology from $105.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Finally, Susquehanna upped their price objective on shares of Micron Technology from $90.00 to $112.00 and gave the stock a “positive” rating in a research report on Monday, December 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and a consensus price target of $122.20.

Micron Technology Stock Down 0.9 %

Micron Technology stock opened at $121.37 on Tuesday. Micron Technology, Inc. has a fifty-two week low of $58.03 and a fifty-two week high of $130.54. The firm’s 50-day simple moving average is $100.62 and its 200 day simple moving average is $85.63. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.40 and a current ratio of 3.74.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.69. Micron Technology had a negative net margin of 20.57% and a negative return on equity of 8.98%. The business had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the company earned ($2.03) earnings per share. The firm’s revenue for the quarter was up 57.7% compared to the same quarter last year. Equities analysts forecast that Micron Technology, Inc. will post 0.24 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, March 28th. Micron Technology’s dividend payout ratio is -13.33%.

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.