Micron Technology, Inc. (NASDAQ:MU) Shares Bought by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 31.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,379 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,780 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Micron Technology were worth $641,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Xcel Wealth Management LLC increased its position in Micron Technology by 1.8% in the 4th quarter. Xcel Wealth Management LLC now owns 6,157 shares of the semiconductor manufacturer’s stock worth $518,000 after purchasing an additional 108 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Micron Technology by 3.8% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,973 shares of the semiconductor manufacturer’s stock valued at $250,000 after buying an additional 108 shares in the last quarter. Twin Capital Management Inc. increased its holdings in Micron Technology by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 20,062 shares of the semiconductor manufacturer’s stock worth $1,688,000 after buying an additional 108 shares during the last quarter. Cim Investment Management Inc. raised its position in Micron Technology by 0.5% during the fourth quarter. Cim Investment Management Inc. now owns 23,062 shares of the semiconductor manufacturer’s stock valued at $1,941,000 after acquiring an additional 114 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in Micron Technology by 1.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 10,481 shares of the semiconductor manufacturer’s stock valued at $883,000 after acquiring an additional 119 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the sale, the executive vice president now directly owns 164,769 shares of the company’s stock, valued at approximately $15,847,482.42. This represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 5,210 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $121.35, for a total value of $632,233.50. Following the completion of the transaction, the chief executive officer now directly owns 379,675 shares in the company, valued at $46,073,561.25. The trade was a 1.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,404 shares of company stock worth $5,572,867 over the last quarter. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MU shares. Wedbush restated an “underperform” rating on shares of Micron Technology in a research note on Monday, April 28th. Mizuho upped their price objective on shares of Micron Technology from $124.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, June 5th. Robert W. Baird raised their target price on Micron Technology from $130.00 to $163.00 and gave the company an “outperform” rating in a report on Friday, March 21st. Barclays decreased their price target on Micron Technology from $115.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, KGI Securities raised Micron Technology to a “strong-buy” rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Moderate Buy” and an average target price of $129.00.

Micron Technology Stock Up 1.2%

Shares of MU stock opened at $121.82 on Thursday. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $157.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.13 and a quick ratio of 1.99. The stock has a fifty day moving average price of $91.01 and a 200 day moving average price of $93.07. The stock has a market cap of $136.14 billion, a P/E ratio of 29.21 and a beta of 1.28.

Micron Technology (NASDAQ:MU) last issued its earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.13. The business had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. Micron Technology had a net margin of 14.92% and a return on equity of 10.87%. The firm’s revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. Analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

About Micron Technology

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.