Captrust Financial Advisors Purchases 6,306 Shares of Micron Technology, Inc. (NASDAQ:MU)

Captrust Financial Advisors raised its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 18.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,810 shares of the semiconductor manufacturer's stock after buying an additional 6,306 shares during the period. Captrust Financial Advisors' holdings in Micron Technology were worth $3,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Beacon Capital Management LLC lifted its holdings in shares of Micron Technology by 114.9% in the 4th quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in Micron Technology in the 4th quarter worth $33,000. Comprehensive Financial Planning Inc. PA bought a new stake in Micron Technology in the fourth quarter worth $34,000. Curio Wealth LLC purchased a new stake in Micron Technology during the fourth quarter valued at about $34,000. Finally, Activest Wealth Management grew its stake in shares of Micron Technology by 583.3% during the fourth quarter. Activest Wealth Management now owns 410 shares of the semiconductor manufacturer's stock valued at $34,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.93, for a total transaction of $223,403.72. Following the completion of the sale, the director now directly owns 27,358 shares in the company, valued at approximately $2,542,378.94. The trade was a 8.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total value of $1,442,700.00. Following the completion of the sale, the executive vice president now directly owns 164,769 shares of the company's stock, valued at $15,847,482.42. The trade was a 8.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,808 shares of company stock worth $1,858,424 in the last three months. Insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MU. KGI Securities upgraded Micron Technology to a "strong-buy" rating in a report on Friday, February 21st. Cantor Fitzgerald restated an "overweight" rating and issued a $130.00 target price on shares of Micron Technology in a report on Friday, March 21st. Royal Bank of Canada set a $125.00 target price on shares of Micron Technology in a research note on Wednesday, March 19th. Wedbush reissued an "underperform" rating on shares of Micron Technology in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Micron Technology from $145.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of "Moderate Buy" and an average price target of $126.48.

Micron Technology Stock Up 0.8 %

Shares of MU traded up $0.71 during mid-day trading on Friday, reaching $85.86. The company had a trading volume of 13,006,441 shares, compared to its average volume of 23,325,824. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $157.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72. The company has a market capitalization of $95.95 billion, a price-to-earnings ratio of 24.74 and a beta of 1.21. The firm has a 50-day moving average price of $82.62 and a 200 day moving average price of $92.89.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.13. The firm had revenue of $8.05 billion for the quarter, compared to analysts' expectations of $7.93 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The company's quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, March 31st. Micron Technology's dividend payout ratio (DPR) is currently 11.03%.

About Micron Technology

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.