Lattice Capital Management LLC Has $122,000 Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Lattice Capital Management LLC trimmed its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 73.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,400 shares of the semiconductor manufacturer's stock after selling 3,929 shares during the quarter. Micron Technology accounts for 0.1% of Lattice Capital Management LLC's portfolio, making the stock its 21st largest holding. Lattice Capital Management LLC's holdings in Micron Technology were worth $122,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MU. CIBC Private Wealth Group LLC raised its stake in shares of Micron Technology by 43.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 14,178 shares of the semiconductor manufacturer's stock valued at $1,193,000 after acquiring an additional 4,264 shares during the last quarter. Landscape Capital Management L.L.C. raised its stake in shares of Micron Technology by 167.0% in the fourth quarter. Landscape Capital Management L.L.C. now owns 45,758 shares of the semiconductor manufacturer's stock valued at $3,851,000 after acquiring an additional 28,621 shares during the last quarter. Duquesne Family Office LLC bought a new position in shares of Micron Technology in the fourth quarter valued at approximately $34,412,000. Janus Henderson Group PLC raised its stake in shares of Micron Technology by 74.6% in the fourth quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer's stock valued at $222,779,000 after acquiring an additional 1,130,680 shares during the last quarter. Finally, Mission Wealth Management LP raised its stake in shares of Micron Technology by 195.2% in the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock valued at $1,360,000 after acquiring an additional 10,348 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Raymond James Financial boosted their price objective on shares of Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Mizuho upped their price objective on Micron Technology from $124.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Rosenblatt Securities upped their price objective on Micron Technology from $172.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Piper Sandler upped their price objective on Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. upped their price objective on Micron Technology from $135.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $146.44.

Micron Technology Trading Up 1.2%

Shares of MU traded up $1.42 during trading hours on Friday, reaching $124.53. The stock had a trading volume of 15,803,821 shares, compared to its average volume of 23,251,935. 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 52 week low of $61.54 and a 52 week high of $135.35. The firm has a 50-day moving average of $108.03 and a 200 day moving average of $96.01. The company has a market cap of $139.36 billion, a P/E ratio of 22.44 and a beta of 1.35.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 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 business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter in the prior year, the company earned $0.62 EPS. On average, sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Transactions at Micron Technology

In related news, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the transaction, the director directly owned 22,762 shares of the company's stock, valued at approximately $2,848,664.30. This represents a 23.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Manish H. Bhatia sold 80,000 shares of the company'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 transaction, the executive vice president directly owned 275,067 shares of the company's stock, valued at approximately $33,877,251.72. The trade was a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 254,446 shares of company stock worth $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.