Certuity LLC Grows Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Certuity LLC lifted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 19.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 314,818 shares of the semiconductor manufacturer's stock after purchasing an additional 50,779 shares during the quarter. Micron Technology comprises approximately 2.9% of Certuity LLC's portfolio, making the stock its 6th largest holding. Certuity LLC's holdings in Micron Technology were worth $27,355,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Sunbeam Capital Management LLC purchased a new stake in shares of Micron Technology during the fourth quarter worth about $26,000. Opal Wealth Advisors LLC purchased a new stake in Micron Technology in the first quarter worth about $33,000. Roxbury Financial LLC lifted its holdings in Micron Technology by 306.1% in the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after buying an additional 300 shares during the period. AllSquare Wealth Management LLC lifted its holdings in shares of Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Micron Technology during the first quarter valued at approximately $36,000. Institutional investors own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Micron Technology in a report on Thursday, July 10th. They set a "buy" rating and a $150.00 target price for the company. Susquehanna lifted their target price on shares of Micron Technology from $150.00 to $160.00 and gave the company a "positive" rating in a report on Thursday, June 26th. Piper Sandler lifted their target price on shares of Micron Technology from $120.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, June 26th. UBS Group lifted their target price on shares of Micron Technology from $120.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, TD Cowen lifted their target price on shares of Micron Technology from $125.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, June 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $147.24.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction 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 transaction, the executive vice president owned 148,167 shares in the company, valued at approximately $18,538,655.04. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Manish H. Bhatia sold 80,000 shares of the business's 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 completion of the sale, the executive vice president owned 275,067 shares in the company, valued at approximately $33,877,251.72. The trade was a 22.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 286,042 shares of company stock worth $34,679,277 in the last 90 days. Company insiders own 0.30% of the company's stock.

Micron Technology Trading Down 2.7%

Shares of MU stock opened at $124.27 on Thursday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $129.85. The firm has a fifty day moving average price of $117.39 and a 200-day moving average price of $98.60. 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 company has a market cap of $139.07 billion, a price-to-earnings ratio of 22.39 and a beta of 1.37.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

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.

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