V Square Quantitative Management LLC Has $2.39 Million Stock Position in Micron Technology, Inc. $MU

V Square Quantitative Management LLC lowered its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 7.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,412 shares of the semiconductor manufacturer’s stock after selling 1,576 shares during the period. V Square Quantitative Management LLC’s holdings in Micron Technology were worth $2,393,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology during the 1st quarter worth $33,000. Roxbury Financial LLC raised its holdings in shares of Micron Technology by 306.1% during the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer’s stock worth $37,000 after buying an additional 300 shares in the last quarter. AllSquare Wealth Management LLC raised its holdings in shares of Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 200 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Micron Technology during the 1st quarter worth $36,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Micron Technology by 240.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 425 shares of the semiconductor manufacturer’s stock worth $37,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 13,798 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $162.20, for a total value of $2,238,035.60. Following the sale, the chief executive officer owned 325,148 shares in the company, valued at approximately $52,739,005.60. The trade was a 4.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark J. Murphy sold 34,000 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the sale, the chief financial officer owned 264,036 shares in the company, valued at $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,308 shares of company stock worth $9,952,167. Insiders own 0.30% of the company’s stock.

Micron Technology Trading Up 0.3%

NASDAQ MU opened at $157.27 on Monday. The business’s 50-day moving average price is $128.30 and its two-hundred day moving average price is $108.20. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $170.45. The firm has a market capitalization of $176.00 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 0.35 and a beta of 1.47. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, October 3rd. Micron Technology’s payout ratio is 6.06%.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of recent research reports. Wolfe Research upped their target price on Micron Technology from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Arete Research raised Micron Technology to a “strong-buy” rating in a report on Friday, July 18th. Morgan Stanley upped their target price on Micron Technology from $135.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. upped their target price on Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Finally, Summit Insights raised Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $184.77.

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.