Micron Technology, Inc. (NASDAQ:MU) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 86.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,480 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,001 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Micron Technology were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Ausdal Financial Partners Inc. increased its holdings in Micron Technology by 6.5% in the third quarter. Ausdal Financial Partners Inc. now owns 6,630 shares of the semiconductor manufacturer’s stock valued at $451,000 after buying an additional 406 shares during the last quarter. Huntington National Bank increased its stake in Micron Technology by 6.0% during the third quarter. Huntington National Bank now owns 2,652 shares of the semiconductor manufacturer’s stock valued at $180,000 after purchasing an additional 149 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Micron Technology by 1.4% during the third quarter. State Board of Administration of Florida Retirement System now owns 1,241,039 shares of the semiconductor manufacturer’s stock worth $84,428,000 after purchasing an additional 16,946 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Micron Technology in the 3rd quarter worth about $28,000. Finally, Pathstone Family Office LLC boosted its holdings in shares of Micron Technology by 227.5% in the 3rd quarter. Pathstone Family Office LLC now owns 83,423 shares of the semiconductor manufacturer’s stock valued at $5,815,000 after buying an additional 57,949 shares during the period. 79.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 7,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $76.73, for a total value of $537,110.00. Following the transaction, the chief executive officer now directly owns 748,759 shares of the company’s stock, valued at $57,452,278.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Micron Technology news, EVP Scott J. Deboer sold 28,228 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $87.24, for a total value of $2,462,610.72. Following the completion of the sale, the executive vice president now directly owns 203,342 shares of the company’s stock, valued at $17,739,556.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 7,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $76.73, for a total transaction of $537,110.00. Following the transaction, the chief executive officer now owns 748,759 shares in the company, valued at approximately $57,452,278.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 299,228 shares of company stock valued at $24,678,531. Corporate insiders own 0.32% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $85.56 on Friday. The business has a fifty day simple moving average of $83.45 and a 200-day simple moving average of $74.61. Micron Technology, Inc. has a 12 month low of $52.76 and a 12 month high of $90.04. The company has a quick ratio of 2.14, a current ratio of 3.53 and a debt-to-equity ratio of 0.29.

Micron Technology (NASDAQ:MUGet Free Report) last issued its quarterly earnings results on Wednesday, December 20th. The semiconductor manufacturer reported ($0.95) EPS for the quarter, beating the consensus estimate of ($1.01) by $0.06. Micron Technology had a negative net margin of 42.47% and a negative return on equity of 14.44%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the prior year, the firm earned ($0.15) EPS. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. On average, research analysts predict that Micron Technology, Inc. will post -0.99 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Tuesday, January 2nd were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, December 29th. Micron Technology’s dividend payout ratio is currently -7.32%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore ISI boosted their price objective on Micron Technology from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, December 21st. Needham & Company LLC upped their price target on shares of Micron Technology from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Barclays lifted their price objective on shares of Micron Technology from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, December 21st. TD Cowen upped their target price on shares of Micron Technology from $78.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. Finally, Bank of America lifted their price target on Micron Technology from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.95.

View Our Latest Stock Analysis on MU

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.

Recommended Stories

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

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.