Micron Technology, Inc. (NASDAQ:MU) Shares Acquired by NorthRock Partners LLC

NorthRock Partners LLC increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 190.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,163 shares of the semiconductor manufacturer's stock after acquiring an additional 5,348 shares during the period. NorthRock Partners LLC's holdings in Micron Technology were worth $687,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brookstone Capital Management boosted its stake in shares of Micron Technology by 8.8% during the 4th quarter. Brookstone Capital Management now owns 11,921 shares of the semiconductor manufacturer's stock worth $1,003,000 after acquiring an additional 961 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Micron Technology by 7.5% during the fourth quarter. Capital Investment Advisors LLC now owns 6,317 shares of the semiconductor manufacturer's stock worth $532,000 after purchasing an additional 439 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Micron Technology in the fourth quarter valued at $253,000. Pines Wealth Management LLC purchased a new position in shares of Micron Technology in the fourth quarter valued at $405,000. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Micron Technology by 4.5% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 21,350 shares of the semiconductor manufacturer's stock worth $1,797,000 after buying an additional 928 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Wall Street Analyst Weigh In

MU has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on shares of Micron Technology from $145.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Citigroup reduced their price target on shares of Micron Technology from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, April 11th. China Renaissance lowered shares of Micron Technology from a "buy" rating to a "hold" rating and set a $84.00 price target on the stock. in a research report on Wednesday, March 26th. UBS Group cut their price objective on Micron Technology from $130.00 to $92.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, Royal Bank of Canada set a $125.00 target price on Micron Technology in a research note on Wednesday, March 19th. Two 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $126.48.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the director now directly owns 27,358 shares in the company, valued at $2,542,378.94. This trade represents a 8.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,808 shares of company stock worth $1,858,424. 0.30% of the stock is currently owned by company insiders.

Micron Technology Price Performance

MU opened at $95.45 on Friday. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $157.54. The company's 50 day simple moving average is $82.95 and its 200 day simple moving average is $92.75. The stock has a market capitalization of $106.67 billion, a PE ratio of 27.51 and a beta of 1.21. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share (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 analysts' expectations of $7.93 billion. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The business's quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. As a group, sell-side analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, March 31st. Micron Technology's 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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