Universal Beteiligungs und Servicegesellschaft mbH Makes New $103.09 Million Investment in Micron Technology, Inc. (NASDAQ:MU)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,224,873 shares of the semiconductor manufacturer's stock, valued at approximately $103,085,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of Micron Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new position in Micron Technology during the 4th quarter valued at about $42,000. Infinitum Asset Management LLC purchased a new stake in Micron Technology during the 4th quarter valued at $6,733,000. Heck Capital Advisors LLC purchased a new stake in Micron Technology during the 4th quarter valued at $215,000. B. Riley Wealth Advisors Inc. increased its stake in shares of Micron Technology by 6.5% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 25,054 shares of the semiconductor manufacturer's stock worth $2,111,000 after purchasing an additional 1,532 shares in the last quarter. Finally, Chokshi & Queen Wealth Advisors Inc purchased a new stake in shares of Micron Technology in the 4th quarter worth $631,000. Institutional investors own 80.84% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Micron Technology in a research report on Monday, April 28th. Royal Bank of Canada set a $125.00 target price on shares of Micron Technology in a research note on Wednesday, March 19th. Barclays lowered their target price on shares of Micron Technology from $115.00 to $95.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wedbush reiterated an "underperform" rating on shares of Micron Technology in a research note on Monday, April 28th. Finally, KGI Securities upgraded shares of Micron Technology to a "strong-buy" rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $126.48.

Micron Technology Stock Down 3.0%

MU stock traded down $2.91 during midday trading on Friday, reaching $93.90. The company had a trading volume of 9,138,423 shares, compared to its average volume of 23,436,593. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $157.54. The company has a market capitalization of $104.93 billion, a P/E ratio of 27.09 and a beta of 1.21. The company has a 50 day moving average of $82.54 and a two-hundred day moving average of $92.04. 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 (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.13. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The company had revenue of $8.05 billion for the quarter, compared to analysts' expectations of $7.93 billion. During the same period in the prior year, the business earned $0.42 earnings per share. Micron Technology's revenue for the quarter was up 38.2% compared to the same quarter last year. On average, equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, March 31st. Micron Technology's payout ratio is currently 11.03%.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $96.18, for a total value of $1,442,700.00. Following the transaction, the executive vice president now owns 164,769 shares in the company, valued at $15,847,482.42. This trade represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Pat Mccarthy sold 2,404 shares of the company's 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 owns 24,954 shares of the company's stock, valued at approximately $1,996,320. This represents a 8.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,808 shares of company stock valued at $1,858,424 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

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.