41,390 Shares in Micron Technology, Inc. $MU Acquired by Halter Ferguson Financial Inc.

Halter Ferguson Financial Inc. purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 41,390 shares of the semiconductor manufacturer’s stock, valued at approximately $11,813,000. Micron Technology comprises approximately 2.6% of Halter Ferguson Financial Inc.’s portfolio, making the stock its 8th largest position.

Other large investors have also bought and sold shares of the company. REAP Financial Group LLC bought a new stake in Micron Technology during the 3rd quarter worth approximately $25,000. Elevation Wealth Partners LLC boosted its position in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. boosted its position in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 52 shares during the last quarter. Finally, Joseph Group Capital Management bought a new position in Micron Technology in the 4th quarter valued at $31,000. 80.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on MU shares. Summit Insights lowered Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 price objective on shares of Micron Technology in a research report on Monday, March 16th. William Blair started coverage on Micron Technology in a research report on Thursday, January 22nd. They issued an “outperform” rating on the stock. Mizuho increased their price objective on Micron Technology from $480.00 to $530.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Finally, DA Davidson started coverage on Micron Technology in a research report on Monday. They issued a “buy” rating and a $1,000.00 price objective on the stock. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $495.63.

Get Our Latest Analysis on MU

Insider Buying and Selling

In other news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction 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 transaction, the director owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the transaction, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 106,000 shares of company stock worth $47,032,460. Company insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

MU stock opened at $776.01 on Friday. The business’s fifty day moving average is $472.61 and its 200-day moving average is $368.17. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The company has a market cap of $875.13 billion, a P/E ratio of 36.64 and a beta of 1.91. Micron Technology, Inc. has a twelve month low of $90.93 and a twelve month high of $818.67.

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 paid a $0.15 dividend. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. 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%. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

Key Micron Technology News

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

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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