Mufg Securities Americas Inc. Takes $1.38 Million Position in Micron Technology, Inc. (NASDAQ:MU)

Mufg Securities Americas Inc. purchased a new position in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,367 shares of the semiconductor manufacturer's stock, valued at approximately $1,377,000.

Other large investors also recently modified their holdings of the company. Beacon Capital Management LLC grew its stake in shares of Micron Technology by 114.9% in the 4th quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Micron Technology in the fourth quarter worth about $33,000. Activest Wealth Management boosted its holdings in shares of Micron Technology by 583.3% in the fourth quarter. Activest Wealth Management now owns 410 shares of the semiconductor manufacturer's stock worth $34,000 after buying an additional 350 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Micron Technology in the fourth quarter worth about $34,000. Finally, Curio Wealth LLC acquired a new position in shares of Micron Technology in the fourth quarter worth about $34,000. 80.84% of the stock is currently owned by institutional investors.

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 dated Monday, March 3rd. The shares were sold at an average price of $92.93, for a total transaction of $223,403.72. Following the sale, the director now owns 27,358 shares of the company's stock, valued at $2,542,378.94. This represents a 8.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $1,442,700.00. Following the sale, the executive vice president now directly owns 164,769 shares in the company, valued at approximately $15,847,482.42. This represents a 8.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,808 shares of company stock valued at $1,858,424 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Micron Technology Stock Performance

NASDAQ:MU traded up $2.55 during trading hours on Friday, hitting $98.00. 22,499,609 shares of the company traded hands, compared to its average volume of 23,512,370. The stock has a market capitalization of $109.52 billion, a price-to-earnings ratio of 28.24 and a beta of 1.21. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $157.54. The firm has a 50-day moving average of $82.95 and a 200 day moving average of $92.75. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.

Micron Technology (NASDAQ:MU - Get Free Report) last released its 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 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 prior year, the company earned $0.42 EPS. On average, analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, March 31st. Micron Technology's dividend payout ratio (DPR) is presently 11.03%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group decreased their target price on shares of Micron Technology from $130.00 to $92.00 and set a "buy" rating for the company in a report on Monday, April 28th. Wedbush reiterated an "underperform" rating on shares of Micron Technology in a report on Monday, April 28th. Rosenblatt Securities decreased their target price on shares of Micron Technology from $250.00 to $200.00 and set a "buy" rating for the company in a report on Friday, March 21st. Royal Bank of Canada set a $125.00 target price on shares of Micron Technology in a report on Wednesday, March 19th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $130.00 target price on shares of Micron Technology in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.48.

About Micron Technology

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.