California First Leasing Corp Purchases 5,100 Shares of Micron Technology, Inc. (NASDAQ:MU)

California First Leasing Corp boosted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,400 shares of the semiconductor manufacturer's stock after acquiring an additional 5,100 shares during the period. Micron Technology accounts for 3.3% of California First Leasing Corp's holdings, making the stock its 12th biggest position. California First Leasing Corp's holdings in Micron Technology were worth $7,507,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new stake in Micron Technology during the 4th quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new position in Micron Technology during the 1st quarter worth $33,000. Curio Wealth LLC acquired a new stake in shares of Micron Technology during the fourth quarter worth $34,000. Hurley Capital LLC bought a new stake in shares of Micron Technology in the fourth quarter valued at about $37,000. Finally, Roxbury Financial LLC grew its stake in shares of Micron Technology by 306.1% in the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling at Micron Technology

In other news, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the completion of the transaction, the director 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction on Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the transaction, the executive vice president owned 275,067 shares in the company, valued at approximately $33,877,251.72. This trade represents a 22.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 254,446 shares of company stock worth $31,154,717 over the last quarter. Insiders own 0.30% of the company's stock.

Micron Technology Price Performance

Shares of NASDAQ MU traded down $2.37 during midday trading on Monday, reaching $119.92. 19,115,103 shares of the company were exchanged, compared to its average volume of 23,291,130. The stock's 50-day moving average price is $103.57 and its 200-day moving average price is $94.85. The stock has a market cap of $134.20 billion, a P/E ratio of 21.61 and a beta of 1.35. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $136.50.

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

Micron Technology Announces Dividend

The firm 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. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.38%. Micron Technology's dividend payout ratio (DPR) is presently 8.29%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MU shares. JPMorgan Chase & Co. lifted their price objective on shares of Micron Technology from $135.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Mizuho lifted their price target on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Barclays boosted their price target on Micron Technology from $95.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Piper Sandler raised their price objective on Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Robert W. Baird upped their target price on Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Micron Technology has a consensus rating of "Moderate Buy" and an average price target of $146.21.

Micron Technology 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.