Kingswood Wealth Advisors LLC Boosts Stake in Micron Technology, Inc. (NASDAQ:MU)

Kingswood Wealth Advisors LLC raised its stake in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 176.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,802 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,096 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Micron Technology were worth $1,349,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC bought a new position in Micron Technology in the third quarter valued at about $28,000. OFI Invest Asset Management purchased a new stake in shares of Micron Technology during the 3rd quarter valued at about $27,000. VisionPoint Advisory Group LLC lifted its stake in shares of Micron Technology by 68.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 488 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 198 shares during the period. Coppell Advisory Solutions LLC purchased a new position in shares of Micron Technology in the second quarter worth approximately $32,000. Finally, Fortis Capital Advisors LLC bought a new stake in Micron Technology during the fourth quarter valued at approximately $25,000. 80.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on MU shares. Piper Sandler increased their price target on shares of Micron Technology from $95.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday. StockNews.com raised Micron Technology from a “sell” rating to a “hold” rating in a report on Friday. Susquehanna raised their target price on shares of Micron Technology from $90.00 to $112.00 and gave the stock a “positive” rating in a research note on Monday, December 18th. Barclays upped their price target on shares of Micron Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Finally, Robert W. Baird raised their price objective on shares of Micron Technology from $78.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and an average price target of $118.69.

Read Our Latest Research Report on Micron Technology

Micron Technology Stock Up 0.3 %

Micron Technology stock opened at $110.21 on Monday. Micron Technology, Inc. has a 1-year low of $56.01 and a 1-year high of $113.50. The company’s 50-day moving average is $89.26 and its 200 day moving average is $79.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.74 and a quick ratio of 2.40.

Micron Technology (NASDAQ:MUGet Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.69. Micron Technology had a negative return on equity of 8.98% and a negative net margin of 20.57%. The firm had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period last year, the company earned ($2.03) EPS. Micron Technology’s quarterly revenue was up 57.7% compared to the same quarter last year. Equities research analysts anticipate that Micron Technology, Inc. will post -1.06 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st will be given a $0.115 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.46 annualized dividend and a yield of 0.42%. Micron Technology’s dividend payout ratio (DPR) is -13.33%.

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $80.44, for a total value of $563,080.00. Following the transaction, the chief executive officer now owns 788,557 shares of the company’s stock, valued at $63,431,525.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Sanjay Mehrotra sold 7,000 shares of Micron Technology stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $80.44, for a total value of $563,080.00. Following the completion of the sale, the chief executive officer now directly owns 788,557 shares in the company, valued at $63,431,525.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott J. Deboer sold 28,228 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $87.24, for a total transaction of $2,462,610.72. Following the transaction, the executive vice president now owns 203,342 shares in the company, valued at $17,739,556.08. The disclosure for this sale can be found here. Insiders have sold 254,228 shares of company stock worth $24,036,891 in the last three months. Corporate insiders own 0.32% of the company’s stock.

Micron Technology Company 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.

Further Reading

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

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