Micron Technology, Inc. $MU Shares Acquired by Schear Investment Advisers LLC

Schear Investment Advisers LLC increased its position in Micron Technology, Inc. (NASDAQ:MUFree Report) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,990 shares of the semiconductor manufacturer’s stock after buying an additional 3,610 shares during the period. Micron Technology comprises 3.4% of Schear Investment Advisers LLC’s portfolio, making the stock its 6th largest holding. Schear Investment Advisers LLC’s holdings in Micron Technology were worth $7,989,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Elevation Wealth Partners LLC increased its position in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its position in Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares during the last quarter. GHP Investment Advisors Inc. increased its position in Micron Technology by 91.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Noble Wealth Management PBC acquired a new position in Micron Technology during the fourth quarter worth approximately $40,000. Finally, REAP Financial Group LLC acquired a new position in Micron Technology during the third quarter worth approximately $25,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Trading Up 8.5%

Micron Technology stock opened at $487.48 on Thursday. The firm’s 50-day moving average is $410.78 and its 200-day moving average is $324.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a 1 year low of $72.50 and a 1 year high of $491.98. The company has a market cap of $549.75 billion, a P/E ratio of 23.02 and a beta of 1.60.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, March 30th. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is 2.83%.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares of the company’s stock, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the sale, the executive vice president directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 89,000 shares of company stock worth $34,755,250. Insiders own 0.24% of the company’s stock.

Micron Technology News Summary

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

Wall Street Analysts Forecast Growth

MU has been the subject of several recent research reports. Royal Bank Of Canada increased their price objective on shares of Micron Technology from $425.00 to $525.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. raised their price target on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Stifel Nicolaus raised their price target on shares of Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Barclays raised their price target on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Finally, Mizuho raised their price target on shares of Micron Technology from $480.00 to $530.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average price target of $464.61.

Get Our Latest Analysis on MU

Micron Technology Profile

(Free Report)

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.

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

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