Ausdal Financial Partners Inc. Sells 681 Shares of Micron Technology, Inc. (NASDAQ:MU)

Ausdal Financial Partners Inc. decreased its holdings in Micron Technology, Inc. (NASDAQ:MUFree Report) by 10.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,949 shares of the semiconductor manufacturer’s stock after selling 681 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Micron Technology were worth $508,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Micron Technology by 411.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,274,070 shares of the semiconductor manufacturer’s stock valued at $763,398,000 after buying an additional 12,286,893 shares during the period. Norges Bank bought a new stake in Micron Technology during the fourth quarter worth $581,559,000. FMR LLC boosted its holdings in shares of Micron Technology by 47.9% in the 3rd quarter. FMR LLC now owns 21,899,184 shares of the semiconductor manufacturer’s stock valued at $1,489,801,000 after purchasing an additional 7,089,790 shares in the last quarter. Morgan Stanley increased its stake in shares of Micron Technology by 59.2% in the 4th quarter. Morgan Stanley now owns 14,185,790 shares of the semiconductor manufacturer’s stock valued at $709,006,000 after purchasing an additional 5,274,984 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Micron Technology by 43.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,383,628 shares of the semiconductor manufacturer’s stock valued at $1,182,608,000 after purchasing an additional 5,257,201 shares during the last quarter. 79.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Evercore ISI boosted their price objective on Micron Technology from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, December 21st. Raymond James increased their price target on Micron Technology from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Susquehanna raised their target price on Micron Technology from $90.00 to $112.00 and gave the stock a “positive” rating in a research note on Monday, December 18th. Needham & Company LLC boosted their price target on Micron Technology from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Micron Technology from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Moderate Buy” and an average target price of $106.67.

View Our Latest Analysis on Micron Technology

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 45,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $90.00, for a total transaction of $4,050,000.00. Following the completion of the transaction, the chief executive officer now owns 788,557 shares of the company’s stock, valued at $70,970,130. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Sanjay Mehrotra sold 45,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $90.00, for a total value of $4,050,000.00. Following the completion of the transaction, the chief executive officer now directly owns 788,557 shares in the company, valued at approximately $70,970,130. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott J. Deboer sold 28,228 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was 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 owns 203,342 shares of the company’s stock, valued at approximately $17,739,556.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 202,228 shares of company stock valued at $18,283,231. Company insiders own 0.32% of the company’s stock.

Micron Technology Stock Performance

Shares of MU opened at $96.25 on Thursday. Micron Technology, Inc. has a fifty-two week low of $56.01 and a fifty-two week high of $101.85. The business has a 50-day moving average of $87.89 and a 200 day moving average of $78.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.53 and a quick ratio of 2.14.

Micron Technology (NASDAQ:MUGet Free Report) last released its quarterly earnings data on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.69. Micron Technology had a negative net margin of 42.47% and a negative return on equity of 14.44%. The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.35 billion. Micron Technology’s revenue was up 57.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.03) EPS. Analysts forecast that Micron Technology, Inc. will post -1.06 earnings per share for the current fiscal year.

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.

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

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