3,390 Shares in Micron Technology, Inc. (NASDAQ:MU) Bought by Aspire Growth Partners LLC

Aspire Growth Partners LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,390 shares of the semiconductor manufacturer's stock, valued at approximately $295,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gallagher Fiduciary Advisors LLC increased its stake in Micron Technology by 9.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,509 shares of the semiconductor manufacturer's stock valued at $211,000 after buying an additional 227 shares during the period. Itau Unibanco Holding S.A. increased its holdings in Micron Technology by 4,056.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 14,255 shares of the semiconductor manufacturer's stock valued at $1,216,000 after buying an additional 13,912 shares during the period. Keel Point LLC lifted its position in shares of Micron Technology by 62.2% during the 4th quarter. Keel Point LLC now owns 5,753 shares of the semiconductor manufacturer's stock worth $484,000 after buying an additional 2,207 shares during the period. Westbourne Investments Inc. bought a new stake in Micron Technology during the fourth quarter worth about $226,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Micron Technology by 201.9% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 702,259 shares of the semiconductor manufacturer's stock valued at $59,102,000 after buying an additional 469,669 shares during the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology Stock Up 3.8 %

Micron Technology stock traded up $2.95 during mid-day trading on Friday, reaching $80.72. 18,886,755 shares of the company were exchanged, compared to its average volume of 23,326,456. The business has a fifty day moving average of $83.63 and a 200 day moving average of $93.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $157.54. The firm has a market cap of $90.21 billion, a P/E ratio of 23.26 and a beta of 1.18.

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

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, March 31st. Micron Technology's dividend payout ratio (DPR) is 11.03%.

Wall Street Analysts Forecast Growth

Several analysts have commented on MU shares. UBS Group dropped their target price on shares of Micron Technology from $130.00 to $92.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Morgan Stanley lifted their price objective on shares of Micron Technology from $91.00 to $112.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Cantor Fitzgerald reiterated an "overweight" rating and set a $130.00 target price on shares of Micron Technology in a research note on Friday, March 21st. Barclays reduced their target price on Micron Technology from $115.00 to $95.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Rosenblatt Securities dropped their price objective on shares of Micron Technology from $250.00 to $200.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Micron Technology presently has an average rating of "Moderate Buy" and an average target price of $127.04.

Insider Transactions at Micron Technology

In related news, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $92.93, for a total value of $223,403.72. Following the completion of the sale, the director now directly owns 27,358 shares of the company's stock, valued at $2,542,378.94. The trade was a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was 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 directly owns 164,769 shares in the company, valued at $15,847,482.42. This represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company's stock.

Micron Technology Company Profile

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.