Vanguard Personalized Indexing Management LLC grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 7.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,499 shares of the semiconductor manufacturer’s stock after buying an additional 9,295 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Micron Technology were worth $23,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. American Capital Advisory LLC increased its stake in Micron Technology by 20.4% in the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $46,000 after purchasing an additional 46 shares during the last quarter. Teamwork Financial Advisors LLC boosted its holdings in shares of Micron Technology by 0.4% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock valued at $2,505,000 after buying an additional 53 shares in the last quarter. Blue Trust Inc. grew its position in shares of Micron Technology by 0.5% in the 3rd quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer’s stock valued at $1,779,000 after buying an additional 53 shares during the last quarter. Lodestone Wealth Management LLC grew its position in shares of Micron Technology by 3.2% in the 3rd quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer’s stock valued at $283,000 after buying an additional 53 shares during the last quarter. Finally, Allen Capital Group LLC raised its stake in Micron Technology by 1.2% during the 3rd quarter. Allen Capital Group LLC now owns 4,554 shares of the semiconductor manufacturer’s stock worth $762,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
Micron Technology Stock Up 0.5%
NASDAQ:MU opened at $399.65 on Monday. The stock has a 50-day simple moving average of $281.71 and a 200 day simple moving average of $201.97. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $412.43. The company has a market capitalization of $449.81 billion, a price-to-earnings ratio of 37.99 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46.
Micron Technology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. Micron Technology’s payout ratio is 4.37%.
Insider Buying and Selling at Micron Technology
In related news, CAO Scott R. Allen sold 2,000 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total transaction of $675,000.00. Following the sale, the chief accounting officer owned 38,237 shares in the company, valued at $12,904,987.50. This represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the sale, the chief executive officer owned 396,578 shares in the company, valued at $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 183,000 shares of company stock worth $42,656,288. 0.24% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on MU shares. Wedbush set a $320.00 price objective on shares of Micron Technology in a research note on Thursday, December 18th. Needham & Company LLC upped their target price on Micron Technology from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Susquehanna raised their price target on Micron Technology from $200.00 to $300.00 and gave the stock a “positive” rating in a research note on Monday, December 8th. Wolfe Research boosted their price objective on Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $500.00 price objective on shares of Micron Technology in a report on Tuesday, January 20th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $346.66.
Check Out Our Latest Stock Analysis on Micron Technology
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.
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