1,184 Shares in Micron Technology, Inc. $MU Bought by Holistic Financial Partners

Holistic Financial Partners bought a new position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,184 shares of the semiconductor manufacturer’s stock, valued at approximately $338,000.

Several other large investors also recently bought and sold shares of the company. Orleans Capital Management Corp LA acquired a new position in Micron Technology during the second quarter worth about $256,000. iA Global Asset Management Inc. grew its position in shares of Micron Technology by 18.7% in the third quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock valued at $24,578,000 after purchasing an additional 23,117 shares during the last quarter. Cary Street Partners Financial LLC grew its position in shares of Micron Technology by 25.0% in the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock valued at $3,221,000 after purchasing an additional 5,233 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of Micron Technology by 9.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock worth $15,962,000 after purchasing an additional 8,489 shares in the last quarter. Finally, Westpac Banking Corp increased its stake in shares of Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock worth $3,863,000 after purchasing an additional 16,509 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MU. William Blair initiated coverage on Micron Technology in a research report on Thursday, January 22nd. They set an “outperform” rating for the company. Phillip Securities upgraded Micron Technology to a “strong-buy” rating in a report on Monday, February 2nd. Rosenblatt Securities reissued a “buy” rating and set a $500.00 price target on shares of Micron Technology in a research report on Monday, March 16th. UBS Group boosted their price target on Micron Technology from $475.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $453.55.

Get Our Latest Stock Report on Micron Technology

Key Headlines Impacting Micron Technology

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

Insider Buying and Selling

In other news, EVP Manish H. Bhatia sold 26,623 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the transaction, the executive vice president owned 323,486 shares of the company’s stock, valued at $126,495,965.44. This represents a 7.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares in the company, valued at approximately $45,891,091.62. The trade was a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have bought 23,200 shares of company stock worth $7,821,723 and have sold 68,623 shares worth $25,989,258. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Trading Down 4.8%

Shares of MU opened at $422.81 on Friday. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $471.34. The company has a market capitalization of $475.87 billion, a PE ratio of 19.96 and a beta of 1.50. The stock has a fifty day moving average of $402.64 and a two-hundred day moving average of $283.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.78 and a current ratio of 2.90.

Micron Technology (NASDAQ:MUGet Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.50 by $3.70. The business had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $18.90 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business’s revenue was up 196.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.56 earnings per share. As a group, analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is 2.17%.

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.

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

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