Micron Technology, Inc. $MU Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC lessened its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,940 shares of the semiconductor manufacturer's stock after selling 3,771 shares during the quarter. Micron Technology comprises approximately 0.9% of Venturi Wealth Management LLC's investment portfolio, making the stock its 27th largest holding. Venturi Wealth Management LLC's holdings in Micron Technology were worth $19,220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hilltop National Bank acquired a new position in Micron Technology in the 2nd quarter worth approximately $37,000. Dogwood Wealth Management LLC increased its holdings in Micron Technology by 259.6% in the 2nd quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer's stock worth $44,000 after buying an additional 257 shares during the period. Opal Wealth Advisors LLC acquired a new position in Micron Technology in the 1st quarter worth approximately $33,000. AllSquare Wealth Management LLC increased its holdings in Micron Technology by 100.0% in the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after buying an additional 200 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Micron Technology during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Trading Down 2.8%

Shares of NASDAQ:MU opened at $185.69 on Wednesday. The business's 50 day moving average price is $137.96 and its 200-day moving average price is $112.01. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The firm has a market capitalization of $208.43 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 0.42 and a beta of 1.56. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $201.00.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be issued a $0.115 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology's dividend payout ratio (DPR) is presently 6.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. KGI Securities raised shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 24th. Rosenblatt Securities raised their price objective on shares of Micron Technology from $200.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Micron Technology from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Summit Insights raised shares of Micron Technology to a "strong-buy" rating in a research note on Tuesday, September 23rd. Finally, Raymond James Financial raised their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has a consensus rating of "Buy" and a consensus target price of $189.37.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares in the company, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard M. Beyer sold 5,552 shares of the firm's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the transaction, the director owned 96,031 shares in the company, valued at $14,950,106.08. The trade was a 5.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,956 shares of company stock worth $22,841,025. 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.

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