Micron Technology, Inc. (NASDAQ:MU) Stake Increased by TFO Wealth Partners LLC

TFO Wealth Partners LLC increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 838,300.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,768 shares of the semiconductor manufacturer’s stock after buying an additional 16,766 shares during the quarter. TFO Wealth Partners LLC’s holdings in Micron Technology were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of MU. Vanguard Group Inc. lifted its stake in Micron Technology by 0.3% in the third quarter. Vanguard Group Inc. now owns 94,229,187 shares of the semiconductor manufacturer’s stock valued at $6,410,412,000 after acquiring an additional 305,860 shares during the last quarter. Sanders Capital LLC boosted its holdings in Micron Technology by 2.3% in the fourth quarter. Sanders Capital LLC now owns 22,583,348 shares of the semiconductor manufacturer’s stock worth $1,927,263,000 after purchasing an additional 503,923 shares in the last quarter. FMR LLC increased its position in Micron Technology by 47.9% during the third quarter. FMR LLC now owns 21,899,184 shares of the semiconductor manufacturer’s stock worth $1,489,801,000 after buying an additional 7,089,790 shares during the last quarter. Wellington Management Group LLP raised its holdings in Micron Technology by 43.4% during the third quarter. Wellington Management Group LLP now owns 17,383,628 shares of the semiconductor manufacturer’s stock valued at $1,182,608,000 after buying an additional 5,257,201 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Micron Technology by 19.7% in the third quarter. Morgan Stanley now owns 17,303,400 shares of the semiconductor manufacturer’s stock worth $1,177,151,000 after buying an additional 2,852,688 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 7,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $127.66, for a total value of $893,620.00. Following the completion of the transaction, the chief executive officer now owns 719,049 shares of the company’s stock, valued at $91,793,795.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Micron Technology news, CEO Sanjay Mehrotra sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $127.66, for a total value of $893,620.00. Following the completion of the transaction, the chief executive officer now directly owns 719,049 shares in the company, valued at $91,793,795.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael W. Bokan sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $115.55, for a total value of $1,733,250.00. Following the sale, the senior vice president now owns 153,387 shares in the company, valued at approximately $17,723,867.85. The disclosure for this sale can be found here. Insiders sold a total of 410,446 shares of company stock valued at $47,557,543 in the last quarter. 0.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MU. Argus upgraded shares of Micron Technology from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research note on Thursday, March 21st. Barclays upped their price target on shares of Micron Technology from $120.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Fox Advisors upgraded Micron Technology from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 21st. Wells Fargo & Company boosted their price objective on Micron Technology from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Finally, Wedbush raised their target price on Micron Technology from $103.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.92.

Check Out Our Latest Report on MU

Micron Technology Trading Down 0.8 %

Shares of MU stock traded down $1.09 on Wednesday, hitting $131.58. The stock had a trading volume of 11,211,162 shares, compared to its average volume of 19,364,135. The company has a current ratio of 3.74, a quick ratio of 2.40 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a twelve month low of $60.50 and a twelve month high of $133.30. The company has a fifty day moving average price of $119.54 and a two-hundred day moving average price of $96.64. The firm has a market cap of $145.71 billion, a P/E ratio of -38.42 and a beta of 1.27.

Micron Technology (NASDAQ:MUGet Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.69. The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.35 billion. Micron Technology had a negative return on equity of 8.98% and a negative net margin of 20.57%. Micron Technology’s quarterly revenue was up 57.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.03) EPS. As a group, analysts forecast that Micron Technology, Inc. will post 0.29 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.35%. The ex-dividend date was Thursday, March 28th. Micron Technology’s payout ratio is -13.33%.

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.

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

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