BDF Gestion Has $4.62 Million Stake in Micron Technology, Inc. (NASDAQ:MU)

BDF Gestion decreased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,874 shares of the semiconductor manufacturer's stock after selling 7,126 shares during the quarter. BDF Gestion's holdings in Micron Technology were worth $4,618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ascent Group LLC increased its stake in Micron Technology by 4.2% in the second quarter. Ascent Group LLC now owns 3,306 shares of the semiconductor manufacturer's stock valued at $435,000 after purchasing an additional 133 shares during the last quarter. Quarry LP grew its holdings in Micron Technology by 130.5% in the 2nd quarter. Quarry LP now owns 604 shares of the semiconductor manufacturer's stock valued at $79,000 after buying an additional 342 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Micron Technology by 43.1% during the 2nd quarter. EP Wealth Advisors LLC now owns 16,686 shares of the semiconductor manufacturer's stock valued at $2,195,000 after acquiring an additional 5,024 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Micron Technology by 16.4% during the 2nd quarter. Truist Financial Corp now owns 143,215 shares of the semiconductor manufacturer's stock worth $18,837,000 after acquiring an additional 20,209 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Micron Technology by 30.8% in the second quarter. Cetera Investment Advisers now owns 253,256 shares of the semiconductor manufacturer's stock valued at $33,311,000 after purchasing an additional 59,707 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 4,890 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $85.21, for a total transaction of $416,676.90. Following the transaction, the executive vice president now owns 181,223 shares of the company's stock, valued at approximately $15,442,011.83. This trade represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company's stock.

Micron Technology Trading Up 3.9 %

Shares of NASDAQ:MU traded up $3.46 during midday trading on Thursday, reaching $92.47. The company had a trading volume of 22,126,794 shares, compared to its average volume of 26,827,545. The company has a fifty day simple moving average of $97.85 and a two-hundred day simple moving average of $100.40. The firm has a market cap of $103.02 billion, a price-to-earnings ratio of 26.65 and a beta of 1.18. Micron Technology, Inc. has a 1-year low of $79.15 and a 1-year high of $157.54. 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 (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.19. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter last year, the business posted ($0.95) EPS. The company's revenue was up 84.3% on a year-over-year basis. Research analysts predict that Micron Technology, Inc. will post 6.29 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.115 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.46 annualized dividend and a yield of 0.50%. Micron Technology's dividend payout ratio is presently 13.26%.

Analyst Upgrades and Downgrades

MU has been the subject of a number of research analyst reports. Robert W. Baird dropped their target price on shares of Micron Technology from $150.00 to $130.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. UBS Group reduced their target price on shares of Micron Technology from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. China Renaissance assumed coverage on Micron Technology in a report on Monday, October 28th. They issued a "buy" rating and a $148.00 price target for the company. Sanford C. Bernstein reduced their price objective on Micron Technology from $140.00 to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 18th. Finally, Mizuho decreased their target price on Micron Technology from $135.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, Micron Technology currently has an average rating of "Moderate Buy" and a consensus price target of $134.96.

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.