Landscape Capital Management L.L.C. Has $3.85 Million Holdings in Micron Technology, Inc. (NASDAQ:MU)

Landscape Capital Management L.L.C. increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 167.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,758 shares of the semiconductor manufacturer's stock after buying an additional 28,621 shares during the period. Landscape Capital Management L.L.C.'s holdings in Micron Technology were worth $3,851,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thoroughbred Financial Services LLC grew its position in shares of Micron Technology by 0.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 19,295 shares of the semiconductor manufacturer's stock worth $1,623,000 after buying an additional 156 shares during the period. Bornite Capital Management LP acquired a new position in Micron Technology during the fourth quarter valued at approximately $8,416,000. Uniting Wealth Partners LLC bought a new stake in Micron Technology in the fourth quarter valued at approximately $298,000. Grant Private Wealth Management Inc acquired a new stake in Micron Technology in the fourth quarter worth $336,000. Finally, World Investment Advisors boosted its position in shares of Micron Technology by 119.3% during the fourth quarter. World Investment Advisors now owns 7,269 shares of the semiconductor manufacturer's stock worth $612,000 after purchasing an additional 3,954 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology Price Performance

NASDAQ:MU traded up $1.78 on Monday, hitting $66.50. The company had a trading volume of 27,910,977 shares, compared to its average volume of 22,809,087. Micron Technology, Inc. has a 52 week low of $61.47 and a 52 week high of $157.54. 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 has a market capitalization of $74.32 billion, a price-to-earnings ratio of 19.07 and a beta of 1.18. The firm has a 50 day moving average of $93.42 and a two-hundred day moving average of $98.24.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.13. The company had revenue of $8.05 billion for 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%. Micron Technology's revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. On average, research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.69%. The ex-dividend date is Monday, March 31st. Micron Technology's payout ratio is presently 11.03%.

Insider Buying and Selling at Micron Technology

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MU. KGI Securities raised Micron Technology to a "strong-buy" rating in a research note on Friday, February 21st. Morgan Stanley increased their price objective on shares of Micron Technology from $91.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. The Goldman Sachs Group cut their price objective on shares of Micron Technology from $145.00 to $128.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Barclays boosted their price target on Micron Technology from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Finally, TD Cowen reduced their price target on Micron Technology from $135.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have given 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 target price of $129.76.

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.