Gilder Gagnon Howe & Co. LLC Grows Stock Position in Micron Technology, Inc. (NASDAQ:MU)

Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,718 shares of the semiconductor manufacturer's stock after buying an additional 5,734 shares during the quarter. Gilder Gagnon Howe & Co. LLC's holdings in Micron Technology were worth $23,962,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. E Fund Management Co. Ltd. boosted its position in Micron Technology by 31.8% during the 4th quarter. E Fund Management Co. Ltd. now owns 36,378 shares of the semiconductor manufacturer's stock valued at $3,062,000 after acquiring an additional 8,780 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Micron Technology by 43.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 14,178 shares of the semiconductor manufacturer's stock valued at $1,193,000 after purchasing an additional 4,264 shares during the last quarter. Stablepoint Partners LLC bought a new position in Micron Technology in the fourth quarter worth about $569,000. Landscape Capital Management L.L.C. lifted its position in shares of Micron Technology by 167.0% during the fourth quarter. Landscape Capital Management L.L.C. now owns 45,758 shares of the semiconductor manufacturer's stock valued at $3,851,000 after buying an additional 28,621 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Micron Technology by 11.7% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 502,374 shares of the semiconductor manufacturer's stock valued at $42,280,000 after buying an additional 52,729 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Micron Technology

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of Micron Technology stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $92.93, for a total transaction of $223,403.72. Following the completion of the sale, the director now directly owns 27,358 shares of the company's stock, valued at $2,542,378.94. The trade was a 8.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 164,769 shares in the company, valued at approximately $15,847,482.42. The trade was a 8.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MU shares. Wells Fargo & Company reiterated an "equal weight" rating on shares of Micron Technology in a report on Monday. KGI Securities raised Micron Technology to a "strong-buy" rating in a report on Friday, February 21st. Wedbush reaffirmed an "underperform" rating on shares of Micron Technology in a research report on Monday. Citigroup reduced their price objective on Micron Technology from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, UBS Group dropped their target price on Micron Technology from $130.00 to $92.00 and set a "buy" rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $127.04.

Micron Technology Trading Down 2.1 %

Micron Technology stock traded down $1.58 during midday trading on Wednesday, hitting $75.30. 11,014,298 shares of the stock were exchanged, compared to its average volume of 23,219,911. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock's 50-day simple moving average is $84.67 and its 200 day simple moving average is $94.50. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $157.54. The stock has a market capitalization of $84.15 billion, a price-to-earnings ratio of 21.70 and a beta of 1.18.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly 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 firm had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The business's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.61%. Micron Technology's payout ratio is presently 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.