LeClair Wealth Partners LLC Buys New Holdings in Micron Technology, Inc. $MU

LeClair Wealth Partners LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MUFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 908 shares of the semiconductor manufacturer’s stock, valued at approximately $259,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Prudent Man Advisors LLC acquired a new position in Micron Technology during the 4th quarter valued at about $1,271,000. Erste Asset Management GmbH boosted its stake in Micron Technology by 48.7% during the 4th quarter. Erste Asset Management GmbH now owns 206,159 shares of the semiconductor manufacturer’s stock valued at $60,933,000 after purchasing an additional 67,530 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Micron Technology by 16.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 165,677 shares of the semiconductor manufacturer’s stock valued at $47,286,000 after purchasing an additional 23,700 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in Micron Technology during the 4th quarter valued at about $126,000. Finally, Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in Micron Technology by 3.0% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 22,866 shares of the semiconductor manufacturer’s stock valued at $6,526,000 after purchasing an additional 671 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $864.01 on Monday. Micron Technology, Inc. has a twelve month low of $103.38 and a twelve month high of $1,089.29. The stock’s 50 day moving average price is $617.28 and its 200-day moving average price is $439.38. The company has a market capitalization of $974.37 billion, a PE ratio of 40.79 and a beta of 2.15. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MUGet Free Report) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. During the same quarter in the previous year, the business earned $1.56 EPS. The company’s revenue was up 196 compared to the same quarter last year. On average, equities analysts anticipate that Micron Technology, Inc. will post 58.79 EPS for the current year.

Micron Technology Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Cantor Fitzgerald lifted their price target on Micron Technology from $450.00 to $700.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Royal Bank Of Canada lifted their price target on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. DA Davidson assumed coverage on Micron Technology in a research note on Monday, May 11th. They set a “buy” rating and a $1,000.00 price target for the company. Wells Fargo & Company lifted their price target on Micron Technology from $470.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $641.97.

Check Out Our Latest Research Report on MU

Trending Headlines about Micron Technology

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Insider Activity at Micron Technology

In related news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the sale, the director owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. The trade was a 10.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the sale, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 146,000 shares of company stock worth $85,486,715. Company insiders own 0.24% of the company’s stock.

Micron Technology 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.

Further Reading

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

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