Capital International Sarl Has $6.49 Million Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Capital International Sarl raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 30.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,146 shares of the semiconductor manufacturer’s stock after acquiring an additional 18,016 shares during the quarter. Capital International Sarl’s holdings in Micron Technology were worth $6,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. lifted its position in Micron Technology by 37.6% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,189 shares of the semiconductor manufacturer’s stock worth $123,000 after buying an additional 325 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in Micron Technology by 3.7% during the third quarter. SkyView Investment Advisors LLC now owns 6,696 shares of the semiconductor manufacturer’s stock worth $694,000 after acquiring an additional 241 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its position in Micron Technology by 524.2% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,863 shares of the semiconductor manufacturer’s stock valued at $1,541,000 after purchasing an additional 12,482 shares during the last quarter. World Investment Advisors LLC increased its position in shares of Micron Technology by 103.7% during the 3rd quarter. World Investment Advisors LLC now owns 3,315 shares of the semiconductor manufacturer’s stock worth $344,000 after purchasing an additional 1,688 shares during the last quarter. Finally, Arvest Bank Trust Division acquired a new stake in shares of Micron Technology in the 3rd quarter valued at approximately $21,406,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the completion of the transaction, the executive vice president now owns 164,769 shares in the company, valued at approximately $15,847,482.42. This trade represents a 8.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Pat Mccarthy sold 2,404 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.93, for a total transaction of $223,403.72. Following the completion of the sale, the director now directly owns 27,358 shares in the company, valued at approximately $2,542,378.94. This represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

Micron Technology Stock Down 0.8 %

Shares of NASDAQ MU opened at $68.80 on Friday. The stock has a 50-day moving average price of $88.23 and a two-hundred day moving average price of $95.92. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $157.54. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The company has a market cap of $76.89 billion, a price-to-earnings ratio of 19.83 and a beta of 1.18.

Micron Technology (NASDAQ:MU) last issued its earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The firm had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same quarter last year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 38.2% on a year-over-year basis. As a group, analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Monday, March 31st. Micron Technology’s dividend payout ratio (DPR) is currently 11.03%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MU. UBS Group upped their price target on shares of Micron Technology from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. Morgan Stanley lifted their price target on Micron Technology from $91.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Robert W. Baird raised their price objective on Micron Technology from $130.00 to $163.00 and gave the company an “outperform” rating in a research report on Friday, March 21st. Rosenblatt Securities dropped their price target on Micron Technology from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, KGI Securities upgraded shares of Micron Technology to a “strong-buy” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Moderate Buy” and a consensus price target of $129.36.

About Micron Technology

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.