Williamson Legacy Group LLC Makes New $1.71 Million Investment in Micron Technology, Inc. $MU

Williamson Legacy Group LLC bought a new position in Micron Technology, Inc. (NASDAQ:MU) during the fourth quarter, HoldingsChannel.com reports. The fund bought 5,999 shares of the semiconductor manufacturer’s stock, valued at approximately $1,712,000. Micron Technology accounts for 1.3% of Williamson Legacy Group LLC’s portfolio, making the stock its 28th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Syverson Strege & Co increased its stake in shares of Micron Technology by 6.0% during the fourth quarter. Syverson Strege & Co now owns 2,154 shares of the semiconductor manufacturer’s stock valued at $615,000 after buying an additional 121 shares during the period. Roundview Capital LLC increased its stake in shares of Micron Technology by 21.5% during the fourth quarter. Roundview Capital LLC now owns 18,142 shares of the semiconductor manufacturer’s stock valued at $5,178,000 after buying an additional 3,211 shares during the period. Flputnam Investment Management Co. increased its stake in shares of Micron Technology by 38.8% during the fourth quarter. Flputnam Investment Management Co. now owns 122,831 shares of the semiconductor manufacturer’s stock valued at $35,057,000 after buying an additional 34,338 shares during the period. M3 Wealth Management LLC purchased a new position in shares of Micron Technology during the fourth quarter valued at $1,620,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Micron Technology by 19.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,459 shares of the semiconductor manufacturer’s stock valued at $416,000 after buying an additional 241 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 106,000 shares of company stock worth $47,032,460 over the last ninety days. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays restated an “overweight” rating and set a $1,175.00 price target on shares of Micron Technology in a research note on Wednesday. UBS Group upgraded Micron Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday. Summit Insights lowered Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, March 19th. Morgan Stanley raised their price target on Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Finally, DA Davidson assumed coverage on Micron Technology in a research note on Monday, May 11th. They set a “buy” rating and a $1,000.00 price target on the stock. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $571.47.

Micron Technology Price Performance

MU opened at $895.88 on Wednesday. The business’s 50-day moving average is $528.34 and its two-hundred day moving average is $397.68. Micron Technology, Inc. has a 1 year low of $92.22 and a 1 year high of $916.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The firm has a market capitalization of $1.01 trillion, a PE ratio of 42.30 and a beta of 1.91.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The firm’s quarterly revenue was up 196 compared to the same quarter last year. Research analysts anticipate that Micron Technology, Inc. will post 57.82 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. Micron Technology’s payout ratio is presently 2.83%.

Key Stories Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: UBS delivered a Street-high price target and said Micron should benefit from long-term memory supply agreements, reinforcing the view that pricing and demand visibility are improving. Micron closes in on $1 trillion market value as UBS triples share price target
• Positive Sentiment: Investors are betting that AI data-center buildouts will keep driving a structural shortage in high-bandwidth memory and DRAM, which supports higher margins and stronger earnings for Micron (MU). Micron joins $1 trillion club as AI race powers memory chip boom
• Positive Sentiment: Micron’s new Virginia DRAM facility starting full operations is adding to the bullish narrative around U.S. manufacturing expansion and supply-chain security. Micron Expands U.S. Memory Production With Virginia DRAM Launch
• Positive Sentiment: Micron’s latest earnings and guidance showed strong profitability, with management pointing to very high revenue and margin expectations, which is fueling further investor optimism. Micron Technology price and earnings background
• Neutral Sentiment: Coverage pieces are questioning how much more upside remains after the rapid run-up, but these articles are mostly commentary rather than a direct negative catalyst. Why Micron Stock Surged to a New All-Time High Today

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.