Newbridge Financial Services Group Inc. Has $411,000 Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Newbridge Financial Services Group Inc. decreased its holdings in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,817 shares of the semiconductor manufacturer’s stock after selling 616 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Micron Technology were worth $411,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Tidemark LLC acquired a new position in shares of Micron Technology during the 4th quarter worth approximately $25,000. Pingora Partners LLC bought a new stake in shares of Micron Technology in the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC acquired a new stake in Micron Technology during the fourth quarter worth approximately $29,000. VisionPoint Advisory Group LLC increased its stake in Micron Technology by 68.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 488 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 198 shares during the period. Finally, Scarborough Advisors LLC acquired a new position in Micron Technology in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

MU has been the topic of several analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $140.00 target price on shares of Micron Technology in a report on Monday, March 18th. Bank of America increased their price objective on shares of Micron Technology from $144.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday. Argus raised shares of Micron Technology from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Thursday, March 21st. Piper Sandler lifted their price objective on shares of Micron Technology from $95.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Finally, TD Cowen upped their target price on Micron Technology from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.92.

Get Our Latest Stock Analysis on Micron Technology

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 45,000 shares of Micron Technology stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $113.38, for a total value of $5,102,100.00. Following the completion of the sale, the chief executive officer now directly owns 758,557 shares of the company’s stock, valued at $86,005,192.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Micron Technology news, CEO Sanjay Mehrotra sold 45,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $113.38, for a total value of $5,102,100.00. Following the transaction, the chief executive officer now owns 758,557 shares in the company, valued at $86,005,192.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 4,890 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $119.30, for a total value of $583,377.00. Following the sale, the executive vice president now 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 three months, insiders have sold 365,446 shares of company stock valued at $43,826,633. 0.32% of the stock is currently owned by company insiders.

Micron Technology Trading Up 5.7 %

Micron Technology stock traded up $8.48 during mid-day trading on Tuesday, hitting $156.31. 10,830,049 shares of the stock were exchanged, compared to its average volume of 18,985,359. The firm’s fifty day simple moving average is $123.99 and its two-hundred day simple moving average is $102.27. The company has a quick ratio of 2.40, a current ratio of 3.74 and a debt-to-equity ratio of 0.30. Micron Technology, Inc. has a 12 month low of $60.50 and a 12 month high of $156.35. The stock has a market capitalization of $173.09 billion, a price-to-earnings ratio of -45.23 and a beta of 1.21.

Micron Technology (NASDAQ:MUGet Free Report) last released its earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the previous year, the business earned ($2.03) earnings per share. Micron Technology’s revenue for the quarter was up 57.7% on a year-over-year basis. Analysts forecast that Micron Technology, Inc. will post 0.29 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st were issued 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 yield of 0.29%. Micron Technology’s payout ratio is currently -13.33%.

Micron Technology Company 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.

Further Reading

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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