Crossmark Global Holdings Inc. Purchases 24,568 Shares of Micron Technology, Inc. (NASDAQ:MU)

Crossmark Global Holdings Inc. raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 12.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 216,716 shares of the semiconductor manufacturer's stock after purchasing an additional 24,568 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Micron Technology were worth $18,830,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MU. California First Leasing Corp increased its stake in shares of Micron Technology by 6.3% during the first quarter. California First Leasing Corp now owns 86,400 shares of the semiconductor manufacturer's stock worth $7,507,000 after acquiring an additional 5,100 shares during the period. Callan Capital LLC increased its stake in shares of Micron Technology by 24.9% during the first quarter. Callan Capital LLC now owns 5,141 shares of the semiconductor manufacturer's stock worth $447,000 after acquiring an additional 1,026 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Micron Technology by 1.4% during the first quarter. TD Private Client Wealth LLC now owns 21,154 shares of the semiconductor manufacturer's stock worth $1,838,000 after acquiring an additional 290 shares during the period. BOCHK Asset Management Ltd increased its stake in shares of Micron Technology by 50.0% during the first quarter. BOCHK Asset Management Ltd now owns 3,000 shares of the semiconductor manufacturer's stock worth $261,000 after acquiring an additional 1,000 shares during the period. Finally, Penserra Capital Management LLC increased its stake in shares of Micron Technology by 22.4% during the first quarter. Penserra Capital Management LLC now owns 197,253 shares of the semiconductor manufacturer's stock worth $17,136,000 after acquiring an additional 36,125 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

Micron Technology stock traded up $4.50 during trading hours on Tuesday, hitting $124.42. 26,184,598 shares of the company traded hands, compared to its average volume of 23,314,183. The firm has a market cap of $139.24 billion, a P/E ratio of 22.42 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. The firm's 50-day simple moving average is $104.39 and its two-hundred day simple moving average is $95.06. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $136.50.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 18.41% and a return on equity of 13.60%. During the same quarter in the previous year, the company posted $0.62 EPS. As a group, analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on MU shares. Stifel Nicolaus boosted their price objective on shares of Micron Technology from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Cantor Fitzgerald boosted their price objective on shares of Micron Technology from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. China Renaissance downgraded shares of Micron Technology from a "buy" rating to a "hold" rating and set a $84.00 price target on the stock. in a report on Wednesday, March 26th. Wedbush upped their price target on shares of Micron Technology from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Finally, Raymond James Financial upped their price target on shares of Micron Technology from $120.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.21.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 92,638 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.49, for a total value of $11,625,142.62. Following the completion of the transaction, the executive vice president directly owned 201,326 shares in the company, valued at $25,264,399.74. This trade represents a 31.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was 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. The trade was a 23.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 254,446 shares of company stock valued at $31,154,717. Company insiders own 0.30% of the company's stock.

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.