Win Advisors Inc. Cuts Stake in Micron Technology, Inc. $MU

Win Advisors Inc. lowered its position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,429 shares of the semiconductor manufacturer’s stock after selling 891 shares during the period. Micron Technology makes up about 1.0% of Win Advisors Inc.’s portfolio, making the stock its 21st biggest position. Win Advisors Inc.’s holdings in Micron Technology were worth $2,406,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Proem Advisors LLC purchased a new position in shares of Micron Technology during the fourth quarter valued at $2,854,000. Rinkey Investments purchased a new position in shares of Micron Technology during the fourth quarter valued at $239,000. Money Concepts Capital Corp boosted its position in Micron Technology by 7.9% during the fourth quarter. Money Concepts Capital Corp now owns 1,491 shares of the semiconductor manufacturer’s stock valued at $426,000 after purchasing an additional 109 shares in the last quarter. ABC Arbitrage SA bought a new stake in Micron Technology during the fourth quarter valued at about $210,000. Finally, Concentrum Wealth Management boosted its position in Micron Technology by 7.6% during the fourth quarter. Concentrum Wealth Management now owns 9,302 shares of the semiconductor manufacturer’s stock valued at $2,655,000 after purchasing an additional 659 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $795.33 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company has a market cap of $896.92 billion, a PE ratio of 37.55 and a beta of 1.91. The business has a 50-day simple moving average of $449.78 and a two-hundred day simple moving average of $356.05. Micron Technology, Inc. has a fifty-two week low of $90.93 and a fifty-two week high of $818.67.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were issued a $0.15 dividend. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s dividend payout ratio is 2.83%.

Insiders Place Their Bets

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the sale, the executive vice president directly owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 104,000 shares of company stock valued at $45,458,400. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MU has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. boosted their price objective on shares of Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Needham & Company LLC boosted their price objective on shares of Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, Mizuho boosted their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $478.24.

View Our Latest Stock Report on Micron Technology

Micron Technology News Roundup

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

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.

See Also

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MUFree Report).

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

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