LaFleur & Godfrey LLC Acquires 19,395 Shares of Micron Technology, Inc. (NASDAQ:MU)

LaFleur & Godfrey LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 30.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,363 shares of the semiconductor manufacturer’s stock after purchasing an additional 19,395 shares during the period. LaFleur & Godfrey LLC’s holdings in Micron Technology were worth $8,542,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. DecisionPoint Financial LLC purchased a new position in shares of Micron Technology in the first quarter valued at about $25,000. Hobbs Group Advisors LLC purchased a new stake in Micron Technology in the 2nd quarter worth approximately $28,000. Valued Wealth Advisors LLC increased its stake in shares of Micron Technology by 230.7% during the first quarter. Valued Wealth Advisors LLC now owns 248 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 173 shares during the period. Davis Capital Management purchased a new position in shares of Micron Technology during the third quarter valued at approximately $30,000. Finally, Richard W. Paul & Associates LLC raised its holdings in shares of Micron Technology by 128.6% during the second quarter. Richard W. Paul & Associates LLC now owns 256 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of MU traded up $4.27 during trading hours on Wednesday, hitting $108.59. The stock had a trading volume of 11,090,495 shares, compared to its average volume of 22,244,992. The firm has a market capitalization of $120.41 billion, a PE ratio of -76.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.64 and a quick ratio of 1.68. Micron Technology, Inc. has a 12 month low of $63.88 and a 12 month high of $157.54. The stock has a fifty day moving average price of $97.43 and a 200 day moving average price of $114.68.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.21. The firm had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $7.65 billion. Micron Technology had a net margin of 3.10% and a return on equity of 1.58%. The business’s quarterly revenue was up 93.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.21) EPS. Analysts anticipate that Micron Technology, Inc. will post 8.31 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Monday, October 7th. Micron Technology’s payout ratio is -32.39%.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 135,830 shares in the company, valued at approximately $15,348,790. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on MU. Piper Sandler boosted their price objective on shares of Micron Technology from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, June 27th. Robert W. Baird reduced their price target on shares of Micron Technology from $172.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, September 27th. Stifel Nicolaus lowered their price objective on shares of Micron Technology from $165.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, September 19th. Morgan Stanley upped their target price on Micron Technology from $100.00 to $114.00 and gave the stock an “equal weight” rating in a report on Thursday, September 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $140.00 target price on shares of Micron Technology in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $142.85.

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.