Micron Technology, Inc. (NASDAQ:MU) Holdings Boosted by Blair William & Co. IL

Blair William & Co. IL grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 0.3% in the second quarter, Holdings Channel.com reports. The firm owned 301,877 shares of the semiconductor manufacturer’s stock after purchasing an additional 842 shares during the period. Blair William & Co. IL’s holdings in Micron Technology were worth $39,706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Tidemark LLC purchased a new position in Micron Technology during the fourth quarter valued at approximately $25,000. DecisionPoint Financial LLC acquired a new stake in shares of Micron Technology during the 1st quarter valued at $25,000. Pingora Partners LLC purchased a new position in shares of Micron Technology during the 4th quarter valued at $26,000. Hobbs Group Advisors LLC acquired a new position in shares of Micron Technology in the second quarter worth $28,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Micron Technology during the fourth quarter worth $29,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $135.86, for a total transaction of $664,355.40. Following the sale, the executive vice president now directly owns 142,321 shares of the company’s stock, valued at $19,335,731.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.

Micron Technology Stock Down 1.6 %

NASDAQ MU opened at $87.35 on Thursday. Micron Technology, Inc. has a twelve month low of $63.83 and a twelve month high of $157.54. The stock has a market cap of $96.86 billion, a PE ratio of -61.51 and a beta of 1.17. The firm has a 50-day simple moving average of $101.48 and a 200 day simple moving average of $114.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.16 and a current ratio of 3.41.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 26th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.48 by $0.14. Micron Technology had a negative return on equity of 4.01% and a negative net margin of 7.20%. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter in the prior year, the firm posted ($1.57) EPS. The company’s revenue for the quarter was up 81.5% on a year-over-year basis. On average, research analysts forecast that Micron Technology, Inc. will post 0.61 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Monday, July 8th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.46 annualized dividend and a dividend yield of 0.53%. Micron Technology’s dividend payout ratio (DPR) is currently -32.39%.

Analyst Ratings Changes

MU has been the topic of a number of recent research reports. TD Cowen boosted their target price on Micron Technology from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Bank of America increased their price objective on Micron Technology from $144.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Robert W. Baird raised their price objective on shares of Micron Technology from $150.00 to $172.00 and gave the company an “outperform” rating in a research report on Monday, June 24th. KeyCorp decreased their target price on shares of Micron Technology from $165.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, UBS Group dropped their price target on shares of Micron Technology from $153.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.54.

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.