1 week Ago By ABMN Staff
Norden Group LLC grew its stake in Micron Technology, Inc. ( NASDAQ:MU – Free Report ) by 13.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 4,052 shares of the semiconductor manufacturer’s stock after purchasing an additional 488 shares during the period. Norden Group LLC’s holdings in Micron Technology were worth $533,000 at the end of the most recent reporting period. Several other hedge funds have also recently modified their holdings of MU.
Spire Wealth Management increased its holdings in shares of Micron Technology by 9.6% in the 4th quarter. Spire Wealth Management now owns 2,034 shares of the semiconductor manufacturer’s stock valued at $178,000 after purchasing an additional 179 shares in the last quarter.
Wealthspire Advisors LLC acquired a new stake in shares of Micron Technology during the 4th quarter valued at approximately $256,000. Principal Securities Inc. purchased a new stake in shares of Micron Technology during the 4th quarter worth approximately $1,009,000.
AGF Management Ltd. acquired a new stake in shares of Micron Technology in the 4th quarter worth approximately $1,170,000. Finally, Johnson Investment Counsel Inc.
increased its stake in Micron Technology by 66.6% in the 4th quarter. Johnson Investment Counsel Inc.
now owns 5,068 shares of the semiconductor manufacturer’s stock valued at $433,000 after purchasing an additional 2,026 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Micron Technology In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $135.
86, for a total transaction of $664,355.40. Following the completion of the sale, the executive vice president now directly owns 142,321 shares in the company, valued at $19,335,731.
06. The transaction was disclosed in a legal filing with the SEC, which is available through this link . In other Micron Technology news, EVP April S.
Arnzen sold 4,890 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $135.86, for a total value of $664,355.
40. Following the transaction, the executive vice president now directly owns 142,321 shares of the company’s stock, valued at $19,335,731.06.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Sanjay Mehrotra sold 7,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $134.
57, for a total value of $941,990.00. Following the completion of the sale, the chief executive officer now directly owns 719,049 shares of the company’s stock, valued at approximately $96,762,423.
93. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 46,174 shares of company stock worth $6,827,113.
Company insiders own 0.32% of the company’s stock. Micron Technology Stock Down 3.
4 % Micron Technology ( NASDAQ:MU – Get Free Report ) last issued its earnings results on Wednesday, June 26th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
48 by $0.14. The firm had revenue of $6.
81 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Micron Technology had a negative return on equity of 4.
01% and a negative net margin of 7.20%. The firm’s revenue for the quarter was up 81.
5% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.57) earnings per share.
Analysts forecast that Micron Technology, Inc. will post 0.58 earnings per share for the current year.
Micron Technology Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Monday, July 8th were given a dividend of $0.115 per share.
This represents a $0.46 dividend on an annualized basis and a yield of 0.53%.
The ex-dividend date of this dividend was Monday, July 8th. Micron Technology’s dividend payout ratio (DPR) is presently -32.39%.
Analyst Ratings Changes A number of research firms have commented on MU. Piper Sandler boosted their target price on Micron Technology from $130.00 to $150.
00 and gave the stock an “overweight” rating in a research report on Thursday, June 27th. Robert W. Baird raised their target price on shares of Micron Technology from $150.
00 to $172.00 and gave the company an “outperform” rating in a report on Monday, June 24th. Mizuho upped their price target on shares of Micron Technology from $150.
00 to $155.00 and gave the company a “buy” rating in a report on Friday, May 31st. Needham & Company LLC dropped their price objective on shares of Micron Technology from $150.
00 to $140.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Finally, KeyCorp reduced their target price on Micron Technology from $165.
00 to $145.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock.
According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.12.
Check Out Our Latest Stock Analysis on MU About Micron Technology ( Free Report ) 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.
Further Reading 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:MU – Free Report ).
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