Ashton Thomas Private Wealth LLC Has $1.95 Million Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Ashton Thomas Private Wealth LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,835 shares of the semiconductor manufacturer’s stock after buying an additional 512 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Micron Technology were worth $1,953,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Micron Technology by 7.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,276,245 shares of the semiconductor manufacturer’s stock worth $443,489,000 after buying an additional 295,452 shares during the last quarter. WealthPLAN Partners LLC lifted its stake in Micron Technology by 75.3% in the 3rd quarter. WealthPLAN Partners LLC now owns 3,433 shares of the semiconductor manufacturer’s stock valued at $356,000 after purchasing an additional 1,475 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Micron Technology by 302.9% in the 3rd quarter. GSA Capital Partners LLP now owns 19,552 shares of the semiconductor manufacturer’s stock valued at $2,028,000 after purchasing an additional 14,699 shares during the last quarter. Harbour Investments Inc. lifted its stake in Micron Technology by 14.1% in the 3rd quarter. Harbour Investments Inc. now owns 13,969 shares of the semiconductor manufacturer’s stock valued at $1,449,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Entropy Technologies LP lifted its stake in Micron Technology by 241.4% in the 3rd quarter. Entropy Technologies LP now owns 25,400 shares of the semiconductor manufacturer’s stock valued at $2,634,000 after purchasing an additional 17,961 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $113.00, for a total transaction of $552,570.00. Following the transaction, the executive vice president now owns 135,830 shares in the company, valued at approximately $15,348,790. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

MU has been the subject of several recent analyst reports. Wells Fargo & Company cut their target price on shares of Micron Technology from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, September 18th. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of Micron Technology in a research note on Thursday, September 26th. Wedbush reiterated an “outperform” rating and issued a $140.00 target price on shares of Micron Technology in a research note on Thursday, September 26th. Stifel Nicolaus lowered their price target on shares of Micron Technology from $165.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, September 19th. Finally, Morgan Stanley increased their price target on shares of Micron Technology from $100.00 to $114.00 and gave the company an “equal weight” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, Micron Technology has a consensus rating of “Moderate Buy” and a consensus price target of $143.04.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $104.10 on Wednesday. Micron Technology, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $157.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.64 and a quick ratio of 1.68. The firm has a market capitalization of $115.42 billion, a P/E ratio of 153.09 and a beta of 1.18. The company’s 50 day moving average price is $100.41 and its two-hundred day moving average price is $113.11.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. Micron Technology had a net margin of 3.10% and a return on equity of 1.58%. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same quarter last year, the business posted ($1.21) earnings per share. The company’s quarterly revenue was up 93.3% on a year-over-year basis. On average, equities analysts forecast that Micron Technology, Inc. will post 8.31 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.44%. Micron Technology’s dividend payout ratio (DPR) is presently 67.65%.

Micron Technology Profile

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.