One Wealth Advisors LLC Buys New Holdings in Micron Technology, Inc. (NASDAQ:MU)

One Wealth Advisors LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,786 shares of the semiconductor manufacturer's stock, valued at approximately $242,000.

Several other institutional investors also recently added to or reduced their stakes in MU. FMR LLC grew its holdings in Micron Technology by 34.6% during the 4th quarter. FMR LLC now owns 47,672,462 shares of the semiconductor manufacturer's stock worth $4,012,114,000 after acquiring an additional 12,249,341 shares in the last quarter. Capital World Investors grew its holdings in Micron Technology by 63.7% during the 4th quarter. Capital World Investors now owns 41,096,391 shares of the semiconductor manufacturer's stock worth $3,458,673,000 after acquiring an additional 15,993,036 shares in the last quarter. Geode Capital Management LLC grew its holdings in Micron Technology by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 24,449,827 shares of the semiconductor manufacturer's stock worth $2,052,973,000 after acquiring an additional 726,282 shares in the last quarter. Norges Bank bought a new position in Micron Technology during the 4th quarter worth about $1,470,875,000. Finally, Capital International Investors grew its holdings in Micron Technology by 36.3% during the 4th quarter. Capital International Investors now owns 16,437,080 shares of the semiconductor manufacturer's stock worth $1,383,442,000 after acquiring an additional 4,375,232 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Wall Street Analyst Weigh In

MU has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Micron Technology from $130.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Robert W. Baird raised their price target on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, June 27th. Wall Street Zen upgraded shares of Micron Technology from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Rosenblatt Securities raised their price target on shares of Micron Technology from $172.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, Needham & Company LLC raised their price target 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.44.

Insider Buying and Selling at Micron Technology

In other 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 transaction of $876,050.00. Following the completion of the sale, the director owned 22,762 shares of the company's stock, valued at $2,848,664.30. This represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the company's stock in a transaction on 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 sale, the chief financial officer directly owned 264,036 shares of the company's stock, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 288,446 shares of company stock valued at $34,871,597. 0.30% of the stock is owned by company insiders.

Micron Technology Stock Performance

Shares of MU traded down $0.47 during trading hours 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 company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The firm has a 50-day moving average price of $112.94 and a 200 day moving average price of $97.56. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $129.85. The firm 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 announced its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.34. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%. During the same period in the prior year, the company posted $0.62 EPS. As a group, research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Micron Technology Company 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.