Clear Creek Financial Management LLC increased its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,985 shares of the semiconductor manufacturer's stock after buying an additional 6,199 shares during the period. Micron Technology accounts for approximately 0.8% of Clear Creek Financial Management LLC's investment portfolio, making the stock its 22nd biggest position. Clear Creek Financial Management LLC's holdings in Micron Technology were worth $9,700,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC increased its holdings in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Noble Wealth Management PBC acquired a new position in shares of Micron Technology in the fourth quarter valued at about $40,000. REAP Financial Group LLC acquired a new position in shares of Micron Technology in the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Micron Technology in the third quarter valued at about $27,000. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Micron Technology by 79.3% in the third quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer's stock valued at $33,000 after acquiring an additional 88 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Micron Technology
In other news, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares of the company's stock, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Teyin M. Liu bought 7,820 shares of the business's stock in a transaction that occurred on Wednesday, January 14th. The stock was purchased at an average price of $337.50 per share, for a total transaction of $2,639,250.00. Following the completion of the acquisition, the director owned 25,910 shares in the company, valued at $8,744,625. This represents a 43.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 23,200 shares of company stock worth $7,821,723 and sold 91,623 shares worth $35,053,508. 0.24% of the stock is currently owned by company insiders.
More Micron Technology News
Here are the key news stories impacting Micron Technology this week:
Micron Technology Stock Performance
NASDAQ:MU opened at $420.59 on Friday. The company has a market capitalization of $474.31 billion, a PE ratio of 19.86 and a beta of 1.60. The company has a 50 day simple moving average of $401.49 and a two-hundred day simple moving average of $307.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a fifty-two week low of $65.64 and a fifty-two week high of $471.34.
Micron Technology Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be given a dividend of $0.15 per share. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology's payout ratio is 2.83%.
Wall Street Analyst Weigh In
MU has been the subject of several recent analyst reports. KeyCorp upped their price objective on shares of Micron Technology from $450.00 to $600.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Mizuho raised their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the company an "outperform" rating in a report on Thursday, March 19th. Stifel Nicolaus raised their price objective on shares of Micron Technology from $360.00 to $550.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Barclays raised their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a report on Thursday, March 19th. Finally, Citigroup dropped their price objective on shares of Micron Technology from $510.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, March 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $464.61.
Read Our Latest Report on Micron Technology
About Micron Technology
(
Free Report)
Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.
Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.
Featured Articles
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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Micron Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Micron Technology wasn't on the list.
While Micron Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Get This Free Report