Triglav Skladi D.O.O. Acquires Shares of 137,304 Micron Technology, Inc. (NASDAQ:MU)

Triglav Skladi D.O.O. acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 137,304 shares of the semiconductor manufacturer’s stock, valued at approximately $11,556,000. Micron Technology accounts for about 0.9% of Triglav Skladi D.O.O.’s holdings, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in Micron Technology by 39.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 61,321 shares of the semiconductor manufacturer’s stock worth $5,161,000 after buying an additional 17,399 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Micron Technology by 60.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 8,739 shares of the semiconductor manufacturer’s stock worth $735,000 after acquiring an additional 3,289 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Micron Technology by 22.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 17,765 shares of the semiconductor manufacturer’s stock worth $1,495,000 after acquiring an additional 3,217 shares in the last quarter. Merit Financial Group LLC raised its holdings in Micron Technology by 170.2% during the 4th quarter. Merit Financial Group LLC now owns 15,882 shares of the semiconductor manufacturer’s stock valued at $1,337,000 after buying an additional 10,005 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in Micron Technology by 81.9% during the 4th quarter. Arkadios Wealth Advisors now owns 15,066 shares of the semiconductor manufacturer’s stock valued at $1,268,000 after buying an additional 6,784 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

NASDAQ MU opened at $98.00 on Monday. The stock’s fifty day moving average is $83.13 and its two-hundred day moving average is $92.56. The firm has a market capitalization of $109.52 billion, a P/E ratio of 28.24 and a beta of 1.21. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $157.54.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. The company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The firm’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.115 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.46 dividend on an annualized basis and a yield of 0.47%. Micron Technology’s dividend payout ratio is currently 11.03%.

Analyst Upgrades and Downgrades

MU has been the topic of several research analyst reports. Wedbush reaffirmed an “underperform” rating on shares of Micron Technology in a research report on Monday, April 28th. JPMorgan Chase & Co. dropped their price objective on Micron Technology from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, March 21st. Robert W. Baird raised their price target on Micron Technology from $130.00 to $163.00 and gave the stock an “outperform” rating in a report on Friday, March 21st. China Renaissance cut Micron Technology from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research note on Wednesday, March 26th. Finally, Rosenblatt Securities reduced their price target on Micron Technology from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $126.48.

Insider Buying and Selling at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total value of $1,442,700.00. Following the sale, the executive vice president now owns 164,769 shares in the company, valued at approximately $15,847,482.42. The trade was a 8.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $80.00, for a total value of $192,320.00. Following the completion of the sale, the director now owns 24,954 shares in the company, valued at $1,996,320. This represents a 8.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,808 shares of company stock worth $1,858,424 over the last quarter. 0.30% of the stock is currently owned by company 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.