Micron Technology, Inc. (NASDAQ:MU) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 15.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,955 shares of the semiconductor manufacturer's stock after acquiring an additional 6,227 shares during the period. Avantax Advisory Services Inc.'s holdings in Micron Technology were worth $4,080,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MU. Brighton Jones LLC boosted its stake in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after acquiring an additional 976 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in Micron Technology by 19.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock worth $7,214,000 after purchasing an additional 13,985 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in Micron Technology by 2.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 48,342 shares of the semiconductor manufacturer's stock valued at $4,068,000 after purchasing an additional 1,045 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Micron Technology by 16.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 3,171 shares of the semiconductor manufacturer's stock valued at $267,000 after buying an additional 446 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Micron Technology by 16.3% in the fourth quarter. Schroder Investment Management Group now owns 564,884 shares of the semiconductor manufacturer's stock valued at $47,541,000 after buying an additional 79,323 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Down 3.7%

Shares of MU traded down $3.99 during midday trading on Friday, reaching $105.15. 12,963,944 shares of the company were exchanged, compared to its average volume of 23,237,254. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $129.85. The stock has a 50-day moving average price of $114.13 and a 200-day moving average price of $97.94. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The company has a market cap of $117.67 billion, a price-to-earnings ratio of 18.96 and a beta of 1.35.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.57 by $0.34. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%. During the same period in the previous year, the company posted $0.62 EPS. Research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.4%. Micron Technology's dividend payout ratio is currently 8.29%.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $125.12, for a total transaction of $1,876,800.00. Following the completion of the sale, the executive vice president owned 148,167 shares of the company's stock, valued at approximately $18,538,655.04. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott J. Deboer sold 20,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the executive vice president owned 186,353 shares in the company, valued at $20,498,830. This trade represents a 9.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 286,042 shares of company stock valued at $34,679,277 in the last three months. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MU has been the topic of a number of analyst reports. Wells Fargo & Company increased their target price on Micron Technology from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. Raymond James Financial increased their price objective on Micron Technology from $120.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. Arete Research raised shares of Micron Technology to a "strong-buy" rating in a research note on Friday, July 18th. Citigroup upped their target price on shares of Micron Technology from $130.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, Barclays raised their price target on shares of Micron Technology from $95.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $146.44.

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.