Micron Technology, Inc. $MU Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its stake in Micron Technology, Inc. (NASDAQ:MUFree Report) by 7.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,255,361 shares of the semiconductor manufacturer’s stock after selling 97,496 shares during the period. Micron Technology accounts for approximately 1.0% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 13th biggest position. Mirae Asset Global Investments Co. Ltd.’s holdings in Micron Technology were worth $358,293,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MU. Omnia Family Wealth LLC boosted its position in shares of Micron Technology by 2.1% in the 4th quarter. Omnia Family Wealth LLC now owns 1,464 shares of the semiconductor manufacturer’s stock valued at $418,000 after purchasing an additional 30 shares during the period. Capital Advisors Ltd. LLC raised its holdings in Micron Technology by 16.7% during the 4th quarter. Capital Advisors Ltd. LLC now owns 224 shares of the semiconductor manufacturer’s stock worth $64,000 after buying an additional 32 shares during the period. Sunflower Bank N.A. lifted its stake in Micron Technology by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 1,668 shares of the semiconductor manufacturer’s stock valued at $476,000 after buying an additional 34 shares in the last quarter. 1900 Wealth Management LLC boosted its holdings in shares of Micron Technology by 2.1% in the fourth quarter. 1900 Wealth Management LLC now owns 1,698 shares of the semiconductor manufacturer’s stock worth $485,000 after buying an additional 35 shares during the period. Finally, Rialto Wealth Management LLC boosted its holdings in shares of Micron Technology by 3.5% in the fourth quarter. Rialto Wealth Management LLC now owns 1,061 shares of the semiconductor manufacturer’s stock worth $303,000 after buying an additional 36 shares during the period. 80.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. The Goldman Sachs Group increased their target price on Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, March 19th. Wedbush raised their target price on Micron Technology from $320.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Finally, TD Cowen lifted their price target on Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a report on Monday, March 16th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus target price of $464.61.

Get Our Latest Analysis on Micron Technology

Micron Technology News Roundup

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

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction 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 approximately $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the sale, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 115,623 shares of company stock valued at $45,165,908. 0.24% of the stock is owned by insiders.

Micron Technology Stock Up 0.2%

Micron Technology stock opened at $457.23 on Friday. Micron Technology, Inc. has a twelve month low of $65.64 and a twelve month 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. The firm has a market cap of $515.63 billion, a PE ratio of 21.59 and a beta of 1.60. The firm’s 50 day moving average price is $405.20 and its two-hundred day moving average price is $315.27.

Micron Technology Increases Dividend

The business also recently declared 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%. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

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.

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

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