Micron Technology, Inc. (NASDAQ:MU) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC boosted its stake in Micron Technology, Inc. (NASDAQ:MU) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,524 shares of the semiconductor manufacturer’s stock after buying an additional 204 shares during the period. Aptus Capital Advisors LLC’s holdings in Micron Technology were worth $884,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC grew its stake in shares of Micron Technology by 21.5% in the third quarter. Prime Capital Investment Advisors LLC now owns 45,403 shares of the semiconductor manufacturer’s stock worth $4,709,000 after purchasing an additional 8,026 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in Micron Technology by 2.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 18,835 shares of the semiconductor manufacturer’s stock worth $1,953,000 after purchasing an additional 512 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Micron Technology by 7.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,276,245 shares of the semiconductor manufacturer’s stock valued at $443,489,000 after buying an additional 295,452 shares in the last quarter. WealthPLAN Partners LLC increased its stake in Micron Technology by 75.3% during the 3rd quarter. WealthPLAN Partners LLC now owns 3,433 shares of the semiconductor manufacturer’s stock valued at $356,000 after buying an additional 1,475 shares during the period. Finally, GSA Capital Partners LLP raised its position in shares of Micron Technology by 302.9% during the 3rd quarter. GSA Capital Partners LLP now owns 19,552 shares of the semiconductor manufacturer’s stock worth $2,028,000 after buying an additional 14,699 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MU. KeyCorp lowered their price objective on shares of Micron Technology from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. BNP Paribas cut Micron Technology from an “outperform” rating to an “underperform” rating and lowered their price target for the company from $140.00 to $67.00 in a research report on Thursday, September 12th. Susquehanna cut their price objective on Micron Technology from $175.00 to $165.00 and set a “positive” rating for the company in a report on Thursday, September 26th. Rosenblatt Securities lifted their target price on Micron Technology from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, TD Cowen upped their price target on shares of Micron Technology from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and a consensus target price of $143.04.

Micron Technology Stock Performance

Shares of MU stock opened at $99.18 on Friday. Micron Technology, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $157.54. The stock’s 50-day moving average is $100.93 and its two-hundred day moving average is $112.94. 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 cap of $109.96 billion, a P/E ratio of 145.86 and a beta of 1.18.

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

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 4,890 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 135,830 shares in the company, valued at $15,348,790. This represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is owned by corporate insiders.

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.