1 week Ago By ABMN Staff
NRI Wealth Management LC bought a new stake in shares of Micron Technology, Inc. ( NASDAQ:MU – Free Report ) during the 4th quarter, HoldingsChannel reports. The firm bought 12,002 shares of the semiconductor manufacturer’s stock, valued at approximately $1,010,000.
Micron Technology makes up 0.7% of NRI Wealth Management LC’s portfolio, making the stock its 20th largest position. Several other hedge funds have also modified their holdings of MU.
Harmony Asset Management LLC boosted its position in Micron Technology by 75.6% in the 3rd quarter. Harmony Asset Management LLC now owns 11,889 shares of the semiconductor manufacturer’s stock valued at $1,233,000 after buying an additional 5,120 shares during the last quarter.
Lazard Freres Gestion S.A.S.
grew its stake in Micron Technology by 241.7% during the 3rd quarter. Lazard Freres Gestion S.
A.S. now owns 41,000 shares of the semiconductor manufacturer’s stock valued at $4,252,000 after purchasing an additional 29,000 shares in the last quarter.
Chartwell Investment Partners LLC grew its stake in Micron Technology by 26.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 195,115 shares of the semiconductor manufacturer’s stock valued at $20,236,000 after purchasing an additional 40,802 shares in the last quarter.
State Street Corp raised its position in shares of Micron Technology by 3.1% in the 3rd quarter. State Street Corp now owns 48,226,710 shares of the semiconductor manufacturer’s stock valued at $5,001,592,000 after purchasing an additional 1,434,568 shares in the last quarter.
Finally, Global X Japan Co. Ltd. boosted its stake in shares of Micron Technology by 23.
1% during the 3rd quarter. Global X Japan Co. Ltd.
now owns 51,832 shares of the semiconductor manufacturer’s stock valued at $5,375,000 after buying an additional 9,735 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
Micron Technology Trading Up 3.8 % Shares of MU opened at $87.33 on Friday.
The business’s 50-day moving average price is $99.42 and its 200 day moving average price is $105.69.
The company has a current ratio of 2.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.
29. The stock has a market capitalization of $97.30 billion, a P/E ratio of 128.
43 and a beta of 1.16. Micron Technology, Inc.
has a 1-year low of $79.15 and a 1-year high of $157.54.
Micron Technology Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th will be issued a $0.115 dividend.
The ex-dividend date is Monday, December 30th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.
53%. Micron Technology’s payout ratio is currently 13.26%.
Insider Transactions at Micron Technology In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction on Friday, December 20th. The shares were sold at an average price of $85.
21, for a total transaction of $416,676.90. Following the completion of the sale, the executive vice president now owns 181,223 shares of the company’s stock, valued at $15,442,011.
83. This trade represents a 2.63 % decrease in their position.
The sale was disclosed in a filing with the SEC, which is available at this hyperlink . 0.30% of the stock is currently owned by insiders.
Analysts Set New Price Targets A number of brokerages recently issued reports on MU. Wells Fargo & Company dropped their price target on shares of Micron Technology from $175.00 to $140.
00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Piper Sandler cut their target price on shares of Micron Technology from $150.00 to $120.
00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Barclays decreased their price target on Micron Technology from $145.00 to $110.
00 and set an “overweight” rating for the company in a research note on Friday, December 20th. BNP Paribas cut Micron Technology from an “outperform” rating to an “underperform” rating and cut their price objective for the company from $140.00 to $67.
00 in a research note on Thursday, September 12th. Finally, Raymond James lifted their target price on Micron Technology from $125.00 to $140.
00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.
24. Check Out Our Latest Stock Report on Micron Technology Micron Technology Profile ( 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. Read More 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.
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