Micron Technology, Inc. (NASDAQ:MU) Shares Bought by Triumph Capital Management

Triumph Capital Management increased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 214.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,000 shares of the semiconductor manufacturer's stock after buying an additional 4,776 shares during the period. Triumph Capital Management's holdings in Micron Technology were worth $589,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MU. Beacon Capital Management LLC grew its holdings in shares of Micron Technology by 114.9% during the fourth quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in Micron Technology during the fourth quarter valued at approximately $33,000. Comprehensive Financial Planning Inc. PA purchased a new position in Micron Technology in the 4th quarter worth approximately $34,000. Curio Wealth LLC bought a new position in shares of Micron Technology in the 4th quarter worth $34,000. Finally, Activest Wealth Management raised its position in shares of Micron Technology by 583.3% during the 4th quarter. Activest Wealth Management now owns 410 shares of the semiconductor manufacturer's stock valued at $34,000 after buying an additional 350 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Insider Activity

In other news, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $96.18, for a total value of $1,442,700.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $92.93, for a total value of $223,403.72. Following the completion of the sale, the director now directly owns 27,358 shares in the company, valued at approximately $2,542,378.94. The trade was a 8.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company's stock.

Micron Technology Price Performance

Shares of Micron Technology stock traded up $2.95 on Friday, hitting $80.72. 18,886,755 shares of the company were exchanged, compared to its average volume of 23,295,392. The company has a 50-day moving average price of $83.63 and a 200 day moving average price of $94.00. The company has a quick ratio of 1.75, a current ratio of 2.72 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $90.21 billion, a price-to-earnings ratio of 23.26 and a beta of 1.18. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $157.54.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.13. The company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. Micron Technology's revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.115 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.46 dividend on an annualized basis and a yield of 0.57%. Micron Technology's dividend payout ratio is currently 11.03%.

Analysts Set New Price Targets

A number of research analysts recently commented on MU shares. China Renaissance cut Micron Technology from a "buy" rating to a "hold" rating and set a $84.00 target price on the stock. in a research note on Wednesday, March 26th. Wedbush reissued an "underperform" rating on shares of Micron Technology in a report on Monday. UBS Group dropped their target price on Micron Technology from $130.00 to $92.00 and set a "buy" rating for the company in a research report on Monday. Cantor Fitzgerald reiterated an "overweight" rating and set a $130.00 price target on shares of Micron Technology in a research report on Friday, March 21st. Finally, Citigroup lowered their price objective on shares of Micron Technology from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of "Moderate Buy" and an average price target of $127.04.

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.