Jump Financial LLC Acquires 14,036 Shares of Micron Technology, Inc. (NASDAQ:MU)

Jump Financial LLC lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 459.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,093 shares of the semiconductor manufacturer's stock after purchasing an additional 14,036 shares during the quarter. Jump Financial LLC's holdings in Micron Technology were worth $1,459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MU. Vanguard Group Inc. lifted its stake in shares of Micron Technology by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 94,229,187 shares of the semiconductor manufacturer's stock worth $6,410,412,000 after acquiring an additional 305,860 shares during the period. FMR LLC lifted its position in Micron Technology by 47.9% in the third quarter. FMR LLC now owns 21,899,184 shares of the semiconductor manufacturer's stock worth $1,489,801,000 after purchasing an additional 7,089,790 shares during the period. Wellington Management Group LLP boosted its stake in Micron Technology by 43.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,383,628 shares of the semiconductor manufacturer's stock valued at $1,182,608,000 after purchasing an additional 5,257,201 shares in the last quarter. Morgan Stanley increased its position in shares of Micron Technology by 19.7% during the 3rd quarter. Morgan Stanley now owns 17,303,400 shares of the semiconductor manufacturer's stock valued at $1,177,151,000 after purchasing an additional 2,852,688 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Micron Technology by 0.7% in the 3rd quarter. Northern Trust Corp now owns 10,833,670 shares of the semiconductor manufacturer's stock worth $737,015,000 after buying an additional 80,345 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 13,239 shares of the firm's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $118.77, for a total value of $1,572,396.03. Following the transaction, the executive vice president now directly owns 260,857 shares of the company's stock, valued at approximately $30,981,985.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Sumit Sadana sold 13,239 shares of Micron Technology stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $118.77, for a total value of $1,572,396.03. Following the transaction, the executive vice president now owns 260,857 shares in the company, valued at approximately $30,981,985.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 4,890 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $119.30, for a total transaction of $583,377.00. Following the sale, the executive vice president now owns 148,817 shares of the company's stock, valued at $17,753,868.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 417,446 shares of company stock worth $47,867,783. 0.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MU has been the topic of a number of research analyst reports. TD Cowen lifted their target price on Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, March 21st. StockNews.com raised shares of Micron Technology from a "sell" rating to a "hold" rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $105.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, March 21st. Fox Advisors upgraded shares of Micron Technology from an "equal weight" rating to an "overweight" rating in a research report on Thursday, March 21st. Finally, Bank of America increased their price objective on Micron Technology from $120.00 to $144.00 and gave the company a "buy" rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.60.

Micron Technology Stock Up 0.1 %

Shares of MU traded up $0.08 during midday trading on Thursday, reaching $127.89. 15,858,130 shares of the stock were exchanged, compared to its average volume of 19,731,939. The company has a market cap of $141.62 billion, a price-to-earnings ratio of -37.07 and a beta of 1.27. The firm has a 50 day simple moving average of $113.57 and a 200-day simple moving average of $92.88. Micron Technology, Inc. has a 12-month low of $60.50 and a 12-month high of $130.54. The company has a quick ratio of 2.40, a current ratio of 3.74 and a debt-to-equity ratio of 0.30.

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

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st were given a $0.115 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.36%. Micron Technology's dividend payout ratio is currently -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.