1,788 Shares in Micron Technology, Inc. $MU Purchased by Trilogy Capital Inc.

Key Points

• Trilogy Capital Inc. has initiated a position in Micron Technology by purchasing 1,788 shares valued at approximately $220,000 during the second quarter.
• Several institutional investors, including QTR Family Wealth LLC and Childress Capital Advisors LLC, increased their positions in Micron Technology, leading to institutional ownership of 80.84% of the company's stock.
• Micron Technology's stock has received multiple upgrades, with Deutsche Bank raising the target price from $175.00 to $200.00 and a consensus rating of "Buy" among analysts.

Trilogy Capital Inc. purchased a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,788 shares of the semiconductor manufacturer's stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. QTR Family Wealth LLC lifted its holdings in shares of Micron Technology by 4.7% during the 2nd quarter. QTR Family Wealth LLC now owns 3,807 shares of the semiconductor manufacturer's stock worth $469,000 after acquiring an additional 171 shares during the period. Childress Capital Advisors LLC increased its position in Micron Technology by 9.8% during the second quarter. Childress Capital Advisors LLC now owns 4,515 shares of the semiconductor manufacturer's stock worth $557,000 after purchasing an additional 402 shares during the last quarter. Midwest Financial Group LLC raised its stake in Micron Technology by 4.9% during the second quarter. Midwest Financial Group LLC now owns 22,900 shares of the semiconductor manufacturer's stock worth $2,822,000 after purchasing an additional 1,070 shares during the period. Bourgeon Capital Management LLC boosted its holdings in shares of Micron Technology by 3.8% in the 2nd quarter. Bourgeon Capital Management LLC now owns 107,923 shares of the semiconductor manufacturer's stock valued at $13,302,000 after purchasing an additional 3,952 shares during the last quarter. Finally, FMB Wealth Management purchased a new stake in shares of Micron Technology during the 2nd quarter valued at $217,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $115.67, for a total value of $278,070.68. Following the completion of the transaction, the director directly owned 20,146 shares of the company's stock, valued at $2,330,287.82. This represents a 10.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the sale, the chief financial officer owned 264,036 shares of the company's stock, valued at $28,864,415.52. This represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 94,456 shares of company stock worth $12,985,545 over the last three months. Insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MU shares. Deutsche Bank Aktiengesellschaft increased their target price on Micron Technology from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Needham & Company LLC raised their price objective on Micron Technology from $150.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Arete Research upgraded Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Finally, Summit Insights raised shares of Micron Technology to a "strong-buy" rating in a research report on Tuesday, September 23rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $184.77.

Micron Technology Trading Up 0.9%

MU opened at $183.75 on Friday. The firm's 50 day moving average is $133.36 and its 200-day moving average is $110.11. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $186.18. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $205.64 billion, a P/E ratio of 24.21, a P/E/G ratio of 0.40 and a beta of 1.56.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be issued a $0.115 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology's payout ratio is currently 6.06%.

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.