Micron Technology, Inc. (NASDAQ:MU) Stock Holdings Increased by Mather Group LLC.

Mather Group LLC. raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,757 shares of the semiconductor manufacturer’s stock after acquiring an additional 462 shares during the period. Mather Group LLC.’s holdings in Micron Technology were worth $662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MU. Northern Trust Corp grew its holdings in shares of Micron Technology by 0.7% in the 3rd quarter. Northern Trust Corp now owns 10,833,670 shares of the semiconductor manufacturer’s stock worth $737,015,000 after acquiring an additional 80,345 shares during the last quarter. L2 Asset Management LLC grew its holdings in shares of Micron Technology by 492.3% in the 3rd quarter. L2 Asset Management LLC now owns 26,444 shares of the semiconductor manufacturer’s stock worth $1,799,000 after acquiring an additional 21,979 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Micron Technology by 11.8% in the 3rd quarter. Invesco Ltd. now owns 8,807,926 shares of the semiconductor manufacturer’s stock worth $599,203,000 after acquiring an additional 927,302 shares during the last quarter. Merlin Capital Inc acquired a new position in shares of Micron Technology in the 3rd quarter worth $407,000. Finally, Amitell Capital Pte Ltd grew its holdings in shares of Micron Technology by 97.9% in the 3rd quarter. Amitell Capital Pte Ltd now owns 95,210 shares of the semiconductor manufacturer’s stock worth $6,477,000 after acquiring an additional 47,105 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 7,000 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $111.93, for a total value of $783,510.00. Following the completion of the sale, the chief executive officer now owns 719,049 shares in the company, valued at $80,483,154.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Sanjay Mehrotra sold 7,000 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $111.93, for a total value of $783,510.00. Following the completion of the sale, the chief executive officer now owns 719,049 shares in the company, valued at $80,483,154.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $119.30, for a total transaction of $583,377.00. Following the completion of the transaction, the executive vice president now directly owns 148,817 shares of the company’s stock, valued at approximately $17,753,868.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 261,890 shares of company stock worth $29,129,527. Company insiders own 0.32% of the company’s stock.

Micron Technology Stock Down 2.9 %

MU stock opened at $109.70 on Thursday. 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, Inc. has a 52-week low of $59.55 and a 52-week high of $130.54. The company has a 50-day moving average of $107.85 and a two-hundred day moving average of $89.19. The stock has a market capitalization of $121.48 billion, a price-to-earnings ratio of -31.80 and a beta of 1.27.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.69. Micron Technology had a negative net margin of 20.57% and a negative return on equity of 8.98%. The company had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the prior year, the company earned ($2.03) earnings per share. The business’s quarterly revenue was up 57.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 0.24 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Monday, April 1st were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Thursday, March 28th. Micron Technology’s payout ratio is presently -13.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MU shares. Piper Sandler lifted their target price on Micron Technology from $95.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. UBS Group lifted their price target on Micron Technology from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. TD Cowen lifted their price target on Micron Technology from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Robert W. Baird lifted their price target on Micron Technology from $78.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Finally, KeyCorp lifted their price target on Micron Technology from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.20.

Micron Technology Company 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.