2,938 Shares in Micron Technology, Inc. (NASDAQ:MU) Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,938 shares of the semiconductor manufacturer's stock, valued at approximately $255,000.

Other hedge funds have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC bought a new position in Micron Technology in the 4th quarter valued at $26,000. Opal Wealth Advisors LLC bought a new position in Micron Technology in the 1st quarter valued at $33,000. AllSquare Wealth Management LLC grew its stake in Micron Technology by 100.0% in the 1st 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 period. Hurley Capital LLC bought a new position in Micron Technology in the 4th quarter valued at $37,000. Finally, Roxbury Financial LLC grew its stake in Micron Technology by 306.1% in the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock valued at $37,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Analysts Set New Price Targets

MU has been the topic of a number of research reports. KeyCorp lifted their price target on shares of Micron Technology from $135.00 to $160.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Bank of America boosted their target price on shares of Micron Technology from $84.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Needham & Company LLC boosted their target price on shares of Micron Technology from $120.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Citigroup raised their target price on Micron Technology from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Cantor Fitzgerald upped their price target 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.44.

Micron Technology Trading Down 0.4%

NASDAQ MU traded down $0.47 during trading on Friday, hitting $111.26. The stock had a trading volume of 16,240,251 shares, compared to its average volume of 22,703,478. The stock has a 50 day simple moving average of $112.94 and a 200 day simple moving average of $97.56. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $129.85. The stock has a market capitalization of $124.51 billion, a price-to-earnings ratio of 20.05 and a beta of 1.35.

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 the consensus estimate of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. During the same period last year, the company posted $0.62 earnings per share. Sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, July 7th. Micron Technology's payout ratio is 8.29%.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 92,638 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the completion of the transaction, the executive vice president owned 201,326 shares in the company, valued at $25,264,399.74. This represents a 31.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the transaction, the chief financial officer owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 288,446 shares of company stock valued at $34,871,597 in the last 90 days. 0.30% of the stock is currently owned by insiders.

About Micron Technology

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.