Signaturefd LLC Purchases 1,435 Shares of Micron Technology, Inc. $MU

Signaturefd LLC lifted its position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,889 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,435 shares during the period. Signaturefd LLC’s holdings in Micron Technology were worth $6,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Lazari Capital Management Inc. bought a new stake in Micron Technology in the 4th quarter valued at $228,000. Ascent Group LLC grew its holdings in Micron Technology by 6.7% in the 4th quarter. Ascent Group LLC now owns 14,853 shares of the semiconductor manufacturer’s stock valued at $4,239,000 after buying an additional 938 shares in the last quarter. Accel Wealth Management increased its position in Micron Technology by 9.1% during the 4th quarter. Accel Wealth Management now owns 4,733 shares of the semiconductor manufacturer’s stock worth $1,351,000 after buying an additional 393 shares during the period. Savvy Advisors Inc. increased its position in Micron Technology by 29.0% during the 4th quarter. Savvy Advisors Inc. now owns 22,814 shares of the semiconductor manufacturer’s stock worth $6,511,000 after buying an additional 5,131 shares during the period. Finally, Whalen Wealth Management Inc. lifted its holdings in shares of Micron Technology by 141.8% during the fourth quarter. Whalen Wealth Management Inc. now owns 7,558 shares of the semiconductor manufacturer’s stock worth $2,157,000 after buying an additional 4,432 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Key Micron Technology News

Here are the key news stories impacting Micron Technology this week:

Analyst Ratings Changes

MU has been the subject of a number of recent research reports. Barclays boosted their target price on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Itau BBA Securities reiterated an “outperform” rating on shares of Micron Technology in a research note on Thursday, December 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Micron Technology in a report on Thursday, January 29th. The Goldman Sachs Group increased their target price on shares of Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, March 19th. Finally, Citigroup lowered their target price on shares of Micron Technology from $510.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $463.71.

Get Our Latest Stock Analysis on MU

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the sale, the executive vice president owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Teyin M. Liu purchased 11,600 shares of Micron Technology stock in a transaction that occurred on Tuesday, January 13th. The shares were purchased at an average price of $337.07 per share, for a total transaction of $3,910,012.00. Following the transaction, the director directly owned 14,310 shares in the company, valued at $4,823,471.70. This represents a 428.04% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 23,200 shares of company stock worth $7,821,723 and sold 93,623 shares worth $35,728,508. 0.24% of the stock is owned by corporate insiders.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $366.24 on Friday. The stock has a market capitalization of $413.02 billion, a P/E ratio of 17.29 and a beta of 1.60. The stock’s fifty day moving average is $403.11 and its 200 day moving average is $299.91. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $471.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.2%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is 2.83%.

Micron Technology Company Profile

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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