Willner & Heller LLC Invests $256,000 in Micron Technology, Inc. $MU

Key Points

• Willner & Heller LLC invested approximately $256,000 in Micron Technology, purchasing 2,073 shares of the company during the 2nd quarter.
• Micron Technology announced a quarterly dividend of $0.115 per share, with an ex-dividend date of October 3rd, representing an annual yield of 0.2%.
• Several institutional investors have significantly increased their stakes in Micron Technology, with hedge funds holding 80.84% of the company's stock.

Willner & Heller LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,073 shares of the semiconductor manufacturer's stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. Stanich Group LLC purchased a new stake in shares of Micron Technology during the 2nd quarter worth approximately $229,000. Bank Hapoalim BM bought a new position in Micron Technology in the 2nd quarter valued at $216,000. LGT Fund Management Co Ltd. bought a new position in Micron Technology in the 2nd quarter valued at $222,000. Peoples Bank OH bought a new position in Micron Technology in the 2nd quarter valued at $812,000. Finally, 111 Capital lifted its holdings in shares of Micron Technology by 160.4% during the 2nd quarter. 111 Capital now owns 31,179 shares of the semiconductor manufacturer's stock worth $3,843,000 after acquiring an additional 19,205 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares of the company's stock, valued at $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $180.86, for a total transaction of $2,712,900.00. Following the sale, the chief executive officer owned 310,148 shares in the company, valued at $56,093,367.28. The trade was a 4.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,456 shares of company stock worth $15,698,445. Company insiders own 0.30% of the company's stock.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $187.83 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The stock has a market cap of $210.20 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 0.40 and a beta of 1.56. The company has a 50 day simple moving average of $134.89 and a two-hundred day simple moving average of $110.70. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $191.85.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be issued a $0.115 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology's dividend payout ratio is currently 6.06%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup lifted their target price on shares of Micron Technology from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. KGI Securities upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 24th. Raymond James Financial upped their target price on shares of Micron Technology from $150.00 to $190.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Wells Fargo & Company upped their target price on shares of Micron Technology from $170.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Finally, The Goldman Sachs Group increased their price objective on shares of Micron Technology from $130.00 to $145.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Micron Technology has a consensus rating of "Moderate Buy" and an average price target of $184.77.

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.

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