3,022 Shares in Micron Technology, Inc. $MU Purchased by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. bought a new position in Micron Technology, Inc. (NASDAQ:MUFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,022 shares of the semiconductor manufacturer’s stock, valued at approximately $863,000.

Several other large investors also recently modified their holdings of MU. High Note Wealth LLC grew its stake in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its stake in shares of Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Micron Technology by 91.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Finally, Joseph Group Capital Management bought a new stake in shares of Micron Technology in the fourth quarter worth about $31,000. 80.84% of the stock is owned by institutional investors.

Micron Technology Stock Performance

Micron Technology stock opened at $995.87 on Friday. The stock’s 50 day simple moving average is $665.31 and its two-hundred day simple moving average is $459.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The stock has a market cap of $1.12 trillion, a price-to-earnings ratio of 47.02 and a beta of 2.16. Micron Technology, Inc. has a fifty-two week low of $103.38 and a fifty-two week high of $1,089.29.

Micron Technology (NASDAQ:MUGet Free Report) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. 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 for the quarter, compared to analysts’ expectations of $19.97 billion. During the same period in the previous year, the firm posted $1.56 EPS. The business’s revenue for the quarter was up 196 compared to the same quarter last year. As a group, analysts expect that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is presently 2.83%.

Key Micron Technology News

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

Insider Buying and Selling

In other news, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. The trade was a 10.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Cowen raised their target price on Micron Technology from $550.00 to $660.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Erste Group Bank cut Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Melius Research started coverage on Micron Technology in a research report on Monday, April 27th. They set a “buy” rating and a $700.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $500.00 price objective on shares of Micron Technology in a research report on Monday, March 16th. Finally, Needham & Company LLC lifted their price objective on Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $737.63.

Read Our Latest Analysis on Micron Technology

Micron Technology Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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