Braun Stacey Associates Inc. Boosts Position in Micron Technology, Inc. (NASDAQ:MU)

Braun Stacey Associates Inc. lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 232,403 shares of the semiconductor manufacturer's stock after buying an additional 3,687 shares during the quarter. Braun Stacey Associates Inc.'s holdings in Micron Technology were worth $20,193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of MU. Brighton Jones LLC grew its position 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 buying an additional 976 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in shares of Micron Technology by 19.5% in the 4th 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. Steward Partners Investment Advisory LLC lifted its holdings in shares of Micron Technology by 13.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 18,308 shares of the semiconductor manufacturer's stock worth $1,541,000 after purchasing an additional 2,198 shares in the last quarter. Keybank National Association OH lifted its holdings in shares of Micron Technology by 7.3% in the 4th quarter. Keybank National Association OH now owns 18,316 shares of the semiconductor manufacturer's stock worth $1,541,000 after purchasing an additional 1,243 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Micron Technology by 46.3% in the 4th quarter. Assetmark Inc. now owns 47,959 shares of the semiconductor manufacturer's stock worth $4,036,000 after purchasing an additional 15,167 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Stock Performance

Shares of NASDAQ MU traded up $4.50 during mid-day trading on Tuesday, reaching $124.42. 26,096,518 shares of the company's stock were exchanged, compared to its average volume of 23,302,646. The firm has a market capitalization of $139.24 billion, a price-to-earnings ratio of 22.42 and a beta of 1.35. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $136.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The firm has a 50-day moving average price of $104.39 and a two-hundred day moving average price of $95.06.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. The company had revenue of $9.30 billion for the quarter, compared to analysts' expectations 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 business posted $0.62 EPS. Analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Monday, July 7th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Monday, July 7th. Micron Technology's dividend payout ratio (DPR) is currently 8.29%.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of recent research reports. Rosenblatt Securities increased their target price on Micron Technology from $172.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Morgan Stanley increased their target price on Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Robert W. Baird increased their target price on Micron Technology from $163.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, June 27th. Mizuho increased their target price on Micron Technology from $124.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Finally, Cantor Fitzgerald increased their target price on Micron Technology from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $146.21.

Insider Buying and Selling

In related news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of Micron Technology stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the sale, the director directly owned 22,762 shares of the company's stock, valued at approximately $2,848,664.30. This trade represents a 23.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,446 shares of company stock worth $31,154,717 in the last quarter. 0.30% of the stock is currently owned by company insiders.

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.