Total Wealth Planning & Management Inc. Has $863,000 Position in Micron Technology, Inc. (NASDAQ:MU)

Total Wealth Planning & Management Inc. raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 39.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,935 shares of the semiconductor manufacturer's stock after purchasing an additional 2,816 shares during the period. Micron Technology accounts for 0.8% of Total Wealth Planning & Management Inc.'s portfolio, making the stock its 26th largest holding. Total Wealth Planning & Management Inc.'s holdings in Micron Technology were worth $863,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MU. PDS Planning Inc lifted its position in shares of Micron Technology by 14.8% during the 1st quarter. PDS Planning Inc now owns 5,076 shares of the semiconductor manufacturer's stock worth $441,000 after purchasing an additional 656 shares during the last quarter. Beech Hill Advisors Inc. increased its position in Micron Technology by 49.7% in the 1st quarter. Beech Hill Advisors Inc. now owns 10,360 shares of the semiconductor manufacturer's stock worth $900,000 after buying an additional 3,440 shares during the period. Balefire LLC lifted its holdings in shares of Micron Technology by 9.2% during the first quarter. Balefire LLC now owns 15,154 shares of the semiconductor manufacturer's stock worth $1,317,000 after buying an additional 1,274 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Micron Technology in the first quarter valued at approximately $208,000. Finally, Nvest Financial LLC boosted its position in shares of Micron Technology by 13.9% in the first quarter. Nvest Financial LLC now owns 5,199 shares of the semiconductor manufacturer's stock valued at $452,000 after acquiring an additional 636 shares during the period. Institutional investors own 80.84% of the company's stock.

Analyst Upgrades and Downgrades

MU has been the topic of several research reports. Robert W. Baird boosted their price target on Micron Technology from $130.00 to $163.00 and gave the company an "outperform" rating in a research note on Friday, March 21st. Raymond James Financial boosted their price objective on Micron Technology from $120.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on Micron Technology from $135.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday. Needham & Company LLC lifted their price target on shares of Micron Technology from $120.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Mizuho increased their price objective on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $144.67.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total transaction of $1,876,800.00. Following the transaction, the executive vice president now owns 148,167 shares in the company, valued at approximately $18,538,655.04. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Pat Mccarthy sold 2,404 shares of Micron Technology stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.00, for a total transaction of $192,320.00. Following the transaction, the director now directly owns 24,954 shares in the company, valued at approximately $1,996,320. This represents a 8.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,404 shares of company stock valued at $8,509,167. Company insiders own 0.30% of the company's stock.

Micron Technology Trading Down 1.0%

MU stock opened at $126.00 on Friday. The business has a fifty day moving average price of $97.59 and a 200 day moving average price of $94.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.13 and a quick ratio of 1.99. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $137.39. The stock has a market capitalization of $140.81 billion, a price-to-earnings ratio of 22.70 and a beta of 1.28.

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, beating analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a return on equity of 13.88% and a net margin of 18.41%. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same period last year, the company posted $0.62 earnings per share. Analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.37%. The ex-dividend date is Monday, July 7th. Micron Technology's dividend payout ratio is 11.03%.

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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