Micron Technology, Inc. (NASDAQ:MU) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP increased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 110.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,111 shares of the semiconductor manufacturer's stock after acquiring an additional 18,394 shares during the quarter. Micron Technology makes up about 0.5% of Aigen Investment Management LP's holdings, making the stock its 25th biggest position. Aigen Investment Management LP's holdings in Micron Technology were worth $2,996,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Franklin Resources Inc. grew its position in Micron Technology by 6.8% in the 4th quarter. Franklin Resources Inc. now owns 7,400,928 shares of the semiconductor manufacturer's stock valued at $631,595,000 after buying an additional 470,241 shares during the last quarter. Brandes Investment Partners LP grew its position in Micron Technology by 7.2% in the 4th quarter. Brandes Investment Partners LP now owns 1,326,656 shares of the semiconductor manufacturer's stock valued at $113,217,000 after buying an additional 88,895 shares during the last quarter. STF Management LP grew its position in Micron Technology by 5.0% in the 4th quarter. STF Management LP now owns 18,801 shares of the semiconductor manufacturer's stock valued at $1,604,000 after buying an additional 903 shares during the last quarter. Trexquant Investment LP grew its position in Micron Technology by 105.1% in the 4th quarter. Trexquant Investment LP now owns 434,816 shares of the semiconductor manufacturer's stock valued at $37,107,000 after buying an additional 222,792 shares during the last quarter. Finally, Balentine LLC grew its position in Micron Technology by 11.4% in the 4th quarter. Balentine LLC now owns 14,418 shares of the semiconductor manufacturer's stock valued at $1,230,000 after buying an additional 1,476 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Micron Technology news, SVP Michael W. Bokan sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $115.55, for a total value of $1,733,250.00. Following the completion of the transaction, the senior vice president now owns 153,387 shares of the company's stock, valued at $17,723,867.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Micron Technology news, SVP Michael W. Bokan sold 15,000 shares of the firm's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $115.55, for a total value of $1,733,250.00. Following the sale, the senior vice president now directly owns 153,387 shares in the company, valued at $17,723,867.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 45,000 shares of the firm's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $130.00, for a total value of $5,850,000.00. Following the completion of the sale, the chief executive officer now owns 728,557 shares in the company, valued at $94,712,410. The disclosure for this sale can be found here. Insiders sold a total of 417,446 shares of company stock valued at $47,867,783 over the last 90 days. 0.32% of the stock is owned by company insiders.

Micron Technology Stock Up 3.0 %

NASDAQ:MU traded up $3.71 during trading hours on Monday, hitting $129.00. The stock had a trading volume of 19,106,534 shares, compared to its average volume of 19,655,986. The company has a current ratio of 3.74, a quick ratio of 2.40 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a 1-year low of $60.50 and a 1-year high of $131.02. The business has a 50 day simple moving average of $114.70 and a two-hundred day simple moving average of $93.89. The company has a market cap of $142.85 billion, a PE ratio of -37.74 and a beta of 1.27.

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

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Thursday, March 28th. Micron Technology's dividend payout ratio is presently -13.33%.

Wall Street Analyst Weigh In

MU has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $105.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. Piper Sandler increased their price objective on shares of Micron Technology from $95.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, March 21st. KeyCorp increased their price objective on shares of Micron Technology from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. StockNews.com raised shares of Micron Technology from a "sell" rating to a "hold" rating in a research note on Friday, March 22nd. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $140.00 price objective on shares of Micron Technology in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $126.92.

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.

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