Vise Technologies Inc. Has $1.16 Million Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Vise Technologies Inc. raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 92.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,831 shares of the semiconductor manufacturer's stock after purchasing an additional 6,656 shares during the quarter. Vise Technologies Inc.'s holdings in Micron Technology were worth $1,164,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Beacon Capital Management LLC boosted its holdings in shares of Micron Technology by 114.9% during the 4th quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Micron Technology during the 4th quarter valued at $33,000. Activest Wealth Management boosted its holdings in shares of Micron Technology by 583.3% during the 4th quarter. Activest Wealth Management now owns 410 shares of the semiconductor manufacturer's stock valued at $34,000 after acquiring an additional 350 shares in the last quarter. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Micron Technology during the 4th quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Micron Technology during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the completion of the sale, the executive vice president now directly owns 164,769 shares of the company's stock, valued at approximately $15,847,482.42. The trade was a 8.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $92.93, for a total value of $223,403.72. Following the completion of the transaction, the director now owns 27,358 shares in the company, valued at $2,542,378.94. The trade was a 8.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,808 shares of company stock valued at $1,858,424. Corporate insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MU. China Renaissance downgraded Micron Technology from a "buy" rating to a "hold" rating and set a $84.00 price objective on the stock. in a report on Wednesday, March 26th. KGI Securities raised Micron Technology to a "strong-buy" rating in a research report on Friday, February 21st. Wedbush reaffirmed an "underperform" 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 Micron Technology in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Micron Technology in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $126.48.

Micron Technology Stock Performance

Shares of MU opened at $93.37 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75. The stock has a 50-day moving average of $82.82 and a 200-day moving average of $92.48. The company has a market cap of $104.35 billion, a PE ratio of 26.91 and a beta of 1.21. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $157.54.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 EPS for the quarter, beating the consensus estimate of $1.43 by $0.13. The company had revenue of $8.05 billion during the quarter, compared to the consensus estimate of $7.93 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The firm's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period last year, the business posted $0.42 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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