State of Wyoming Has $301,000 Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

State of Wyoming raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2,336.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,581 shares of the semiconductor manufacturer's stock after purchasing an additional 3,434 shares during the period. State of Wyoming's holdings in Micron Technology were worth $301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MU. Diversify Wealth Management LLC acquired a new stake in shares of Micron Technology in the fourth quarter worth $455,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Micron Technology by 22.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,810 shares of the semiconductor manufacturer's stock worth $321,000 after acquiring an additional 701 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of Micron Technology by 27.0% in the fourth quarter. Atomi Financial Group Inc. now owns 8,659 shares of the semiconductor manufacturer's stock worth $729,000 after acquiring an additional 1,840 shares during the last quarter. Simon Quick Advisors LLC grew its stake in shares of Micron Technology by 6.3% in the fourth quarter. Simon Quick Advisors LLC now owns 4,294 shares of the semiconductor manufacturer's stock worth $361,000 after acquiring an additional 253 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its stake in shares of Micron Technology by 13.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 10,916 shares of the semiconductor manufacturer's stock worth $920,000 after acquiring an additional 1,264 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Wall Street Analyst Weigh In

MU has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on shares of Micron Technology from $112.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Robert W. Baird raised their price objective on shares of Micron Technology from $130.00 to $163.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. lowered their price objective on shares of Micron Technology from $145.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Royal Bank of Canada set a $125.00 price objective on shares of Micron Technology in a research note on Wednesday, March 19th. Finally, Wall Street Zen downgraded shares of Micron Technology from a "buy" rating to a "hold" rating in a research note on Saturday. Two analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.48.

Insider Activity at Micron Technology

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.00, for a total transaction of $192,320.00. Following the completion of the sale, the director now directly owns 24,954 shares of the company's stock, valued at approximately $1,996,320. The trade was a 8.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total value of $1,442,700.00. Following the sale, the executive vice president now directly owns 164,769 shares of the company's stock, valued at $15,847,482.42. This represents a 8.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,808 shares of company stock valued at $1,858,424 over the last ninety days. 0.30% of the stock is owned by insiders.

Micron Technology Price Performance

Shares of Micron Technology stock traded down $1.46 during trading on Friday, reaching $93.37. The company's stock had a trading volume of 16,534,270 shares, compared to its average volume of 23,479,220. The stock has a 50-day moving average price of $82.82 and a two-hundred day moving average price of $92.48. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $157.54. The stock has a market capitalization of $104.35 billion, a P/E ratio of 26.91 and a beta of 1.21.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.13. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The business had revenue of $8.05 billion during the quarter, compared to analysts' expectations of $7.93 billion. During the same period in the previous year, the business posted $0.42 earnings per share. The firm's revenue for the quarter was up 38.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.115 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.49%. Micron Technology's dividend payout ratio is 11.03%.

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.