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

Bourgeon Capital Management LLC trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 54.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,575 shares of the semiconductor manufacturer's stock after selling 15,000 shares during the quarter. Bourgeon Capital Management LLC's holdings in Micron Technology were worth $1,073,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Fortis Capital Advisors LLC purchased a new stake in Micron Technology in the 4th quarter valued at $25,000. OFI Invest Asset Management purchased a new stake in Micron Technology in the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Micron Technology in the 3rd quarter valued at $28,000. Coppell Advisory Solutions LLC purchased a new stake in Micron Technology in the 2nd quarter valued at $32,000. Finally, VisionPoint Advisory Group LLC raised its position in Micron Technology by 68.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 488 shares of the semiconductor manufacturer's stock valued at $33,000 after buying an additional 198 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MU has been the subject of several research analyst reports. Susquehanna raised their target price on Micron Technology from $90.00 to $112.00 and gave the company a "positive" rating in a research report on Monday, December 18th. Morgan Stanley raised their price target on Micron Technology from $78.00 to $98.00 and gave the company an "underweight" rating in a report on Thursday, March 21st. Needham & Company LLC raised their price objective on Micron Technology from $100.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, March 21st. Wedbush raised their price objective on Micron Technology from $103.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, March 21st. Finally, Raymond James raised their price objective on Micron Technology from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $122.20.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $119.30, for a total transaction of $583,377.00. Following the completion of the transaction, the executive vice president now directly owns 148,817 shares of the company's stock, valued at $17,753,868.10. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Sanjay Mehrotra sold 45,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $90.00, for a total value of $4,050,000.00. Following the sale, the chief executive officer now directly owns 788,557 shares in the company, valued at $70,970,130. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $119.30, for a total value of $583,377.00. Following the completion of the sale, the executive vice president now owns 148,817 shares in the company, valued at $17,753,868.10. The disclosure for this sale can be found here. Insiders sold a total of 313,890 shares of company stock valued at $33,354,527 over the last 90 days. Company insiders own 0.32% of the company's stock.

Micron Technology Stock Down 0.9 %

Micron Technology stock traded down $1.15 during mid-day trading on Monday, hitting $121.37. The company had a trading volume of 17,698,951 shares, compared to its average volume of 20,269,346. The company has a current ratio of 3.74, a quick ratio of 2.40 and a debt-to-equity ratio of 0.30. The stock's 50 day moving average price is $99.93 and its two-hundred day moving average price is $85.24. Micron Technology, Inc. has a 12 month low of $58.03 and a 12 month high of $130.54. The company has a market capitalization of $134.40 billion, a PE ratio of -35.05 and a beta of 1.27.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.69. Micron Technology had a negative return on equity of 8.98% and a negative net margin of 20.57%. The firm had revenue of $5.82 billion during the quarter, compared to analysts' expectations of $5.35 billion. During the same quarter in the previous year, the business earned ($2.03) earnings per share. The company's revenue was up 57.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 0.24 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Monday, April 1st will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, March 28th. Micron Technology's dividend payout ratio (DPR) is -13.33%.

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.