Micron Technology, Inc. (NASDAQ:MU) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,316 shares of the semiconductor manufacturer's stock after selling 2,206 shares during the period. Yousif Capital Management LLC's holdings in Micron Technology were worth $13,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MU. Sunbeam Capital Management LLC bought a new position in Micron Technology during the 4th quarter valued at about $26,000. Beacon Capital Management LLC grew its stake in shares of Micron Technology by 114.9% during the fourth quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 200 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Micron Technology during the fourth quarter valued at approximately $33,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Micron Technology in the fourth quarter worth approximately $34,000. Finally, Curio Wealth LLC bought a new stake in shares of Micron Technology during the 4th quarter worth approximately $34,000. 80.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

MU has been the subject of several recent research reports. KGI Securities upgraded Micron Technology to a "strong-buy" rating in a report on Friday, February 21st. Wedbush reissued an "underperform" rating on shares of Micron Technology in a report on Monday, April 28th. Wall Street Zen upgraded shares of Micron Technology from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group increased their target price on shares of Micron Technology from $92.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Finally, Mizuho lifted their price objective on Micron Technology from $124.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have given a buy rating and one has given 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 $129.00.

Micron Technology Stock Performance

NASDAQ:MU traded down $0.58 during mid-day trading on Friday, reaching $115.60. 17,402,839 shares of the stock were exchanged, compared to its average volume of 23,727,958. The company has a quick ratio of 1.75, a current ratio of 2.72 and a debt-to-equity ratio of 0.28. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $157.54. The company has a 50 day simple moving average of $88.20 and a 200-day simple moving average of $92.60. The stock has a market capitalization of $129.19 billion, a P/E ratio of 33.31 and a beta of 1.28.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 13.34% and a return on equity of 8.32%. Micron Technology's quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. Analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Monday, March 31st. Micron Technology's payout ratio is currently 11.03%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 3,938 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $110.88, for a total transaction of $436,645.44. Following the completion of the sale, the chief executive officer now directly owns 387,175 shares in the company, valued at $42,929,964. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total value of $1,442,700.00. Following the completion of the transaction, the executive vice president now owns 164,769 shares in the company, valued at approximately $15,847,482.42. This trade represents a 8.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,904 shares of company stock worth $4,665,124. 0.30% of the stock is owned by 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.