Universal Beteiligungs und Servicegesellschaft mbH Sells 175,646 Shares of Micron Technology, Inc. (NASDAQ:MU)

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 14.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,049,227 shares of the semiconductor manufacturer's stock after selling 175,646 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Micron Technology worth $91,167,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sunbeam Capital Management LLC purchased a new stake in Micron Technology in the fourth quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new position in Micron Technology during the first quarter worth about $33,000. Hurley Capital LLC acquired a new position in Micron Technology during the fourth quarter worth about $37,000. Roxbury Financial LLC grew its position in Micron Technology by 306.1% during the first quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after buying an additional 300 shares during the period. Finally, Harbor Investment Advisory LLC grew its position in shares of Micron Technology by 240.0% in the first quarter. Harbor Investment Advisory LLC now owns 425 shares of the semiconductor manufacturer's stock valued at $37,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Trading Up 1.7%

Shares of NASDAQ:MU traded up $1.90 during trading on Thursday, hitting $111.73. 20,133,214 shares of the company's stock were exchanged, compared to its average volume of 23,486,246. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $129.85. The firm has a 50-day moving average price of $112.35 and a two-hundred day moving average price of $97.41. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The firm has a market cap of $125.04 billion, a P/E ratio of 20.13 and a beta of 1.35.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data 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. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. During the same quarter last year, the firm earned $0.62 EPS. Equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology's dividend payout ratio (DPR) is currently 8.29%.

Insider Activity

In other Micron Technology news, EVP Manish H. Bhatia sold 80,000 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $123.16, for a total value of $9,852,800.00. Following the transaction, the executive vice president directly owned 275,067 shares in the company, valued at $33,877,251.72. The trade was a 22.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sumit Sadana sold 92,638 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the completion of the transaction, the executive vice president owned 201,326 shares in the company, valued at approximately $25,264,399.74. This represents a 31.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 254,446 shares of company stock valued at $31,154,717. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MU shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Micron Technology in a research note on Thursday, July 10th. They set a "buy" rating and a $150.00 price target on the stock. Barclays lifted their price target on shares of Micron Technology from $95.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Morgan Stanley raised their price objective on shares of Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Mizuho lifted their price target on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Finally, Susquehanna lifted their price target on shares of Micron Technology from $150.00 to $160.00 and gave the company a "positive" rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $146.44.

About Micron Technology

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.