Micron Technology, Inc. (NASDAQ:MU) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,073 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,289 shares during the period. Janney Montgomery Scott LLC’s holdings in Micron Technology were worth $8,626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Micron Technology by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 94,229,187 shares of the semiconductor manufacturer’s stock worth $6,410,412,000 after acquiring an additional 305,860 shares during the period. FMR LLC lifted its position in Micron Technology by 47.9% in the third quarter. FMR LLC now owns 21,899,184 shares of the semiconductor manufacturer’s stock worth $1,489,801,000 after purchasing an additional 7,089,790 shares during the period. Wellington Management Group LLP boosted its stake in Micron Technology by 43.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,383,628 shares of the semiconductor manufacturer’s stock valued at $1,182,608,000 after purchasing an additional 5,257,201 shares in the last quarter. Morgan Stanley increased its position in shares of Micron Technology by 19.7% during the 3rd quarter. Morgan Stanley now owns 17,303,400 shares of the semiconductor manufacturer’s stock valued at $1,177,151,000 after purchasing an additional 2,852,688 shares during the period. Finally, Northern Trust Corp raised its stake 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 buying an additional 80,345 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In other news, SVP Michael W. Bokan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $123.42, for a total transaction of $1,851,300.00. Following the sale, the senior vice president now directly owns 138,387 shares of the company’s stock, valued at $17,079,723.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Michael W. Bokan sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $123.42, for a total value of $1,851,300.00. Following the transaction, the senior vice president now owns 138,387 shares of the company’s stock, valued at approximately $17,079,723.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 13,239 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $118.77, for a total transaction of $1,572,396.03. Following the sale, the executive vice president now directly owns 260,857 shares of the company’s stock, valued at $30,981,985.89. The disclosure for this sale can be found here. Insiders sold 417,446 shares of company stock valued at $47,867,783 over the last ninety days. 0.32% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $140.00 target price on shares of Micron Technology in a research report on Monday, March 18th. Stifel Nicolaus reissued a “buy” rating and set a $140.00 target price on shares of Micron Technology in a research note on Friday, April 12th. Wedbush raised their target price on Micron Technology from $103.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. UBS Group upped their price target on Micron Technology from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. lifted their target price on Micron Technology from $105.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.64.

Read Our Latest Stock Report on MU

Micron Technology Price Performance

Shares of Micron Technology stock opened at $125.29 on Friday. Micron Technology, Inc. has a twelve month low of $60.50 and a twelve month high of $130.54. The company has a current ratio of 3.74, a quick ratio of 2.40 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $114.70 and its 200-day simple moving average is $93.72.

Micron Technology (NASDAQ:MUGet Free Report) last released its quarterly earnings data on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.69. Micron Technology had a negative return on equity of 8.98% and a negative net margin of 20.57%. The firm had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the company posted ($2.03) earnings per share. The business’s revenue for the quarter was up 57.7% compared to the same quarter last year. Equities analysts forecast that Micron Technology, Inc. will post 0.24 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Monday, April 1st were paid a $0.115 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.37%. Micron Technology’s dividend payout ratio (DPR) is presently -13.33%.

Micron Technology 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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