11,905 Shares in Micron Technology, Inc. (NASDAQ:MU) Acquired by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,905 shares of the semiconductor manufacturer's stock, valued at approximately $1,002,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Swedbank AB boosted its position in shares of Micron Technology by 30.4% during the third quarter. Swedbank AB now owns 3,455,819 shares of the semiconductor manufacturer's stock worth $358,403,000 after purchasing an additional 806,639 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Micron Technology by 4.4% during the third quarter. Principal Financial Group Inc. now owns 1,255,931 shares of the semiconductor manufacturer's stock worth $130,253,000 after purchasing an additional 52,912 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Micron Technology during the third quarter worth $94,000. Easterly Investment Partners LLC boosted its position in shares of Micron Technology by 274.4% during the third quarter. Easterly Investment Partners LLC now owns 17,211 shares of the semiconductor manufacturer's stock worth $1,785,000 after purchasing an additional 12,614 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in shares of Micron Technology by 6.9% during the third quarter. Fiera Capital Corp now owns 24,617 shares of the semiconductor manufacturer's stock worth $2,553,000 after purchasing an additional 1,592 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Needham & Company LLC dropped their price objective on shares of Micron Technology from $140.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Piper Sandler dropped their price objective on shares of Micron Technology from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Rosenblatt Securities restated a "buy" rating and set a $250.00 price objective on shares of Micron Technology in a report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price objective on shares of Micron Technology from $180.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Finally, Morgan Stanley dropped their price objective on shares of Micron Technology from $98.00 to $91.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.96.

Micron Technology Stock Performance

Shares of MU traded up $3.69 during midday trading on Friday, reaching $92.96. The stock had a trading volume of 19,124,262 shares, compared to its average volume of 22,173,117. The firm has a 50 day simple moving average of $95.99 and a 200-day simple moving average of $98.36. Micron Technology, Inc. has a one year low of $83.54 and a one year high of $157.54. The firm has a market cap of $103.57 billion, a PE ratio of 26.79 and a beta of 1.23. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, topping the consensus estimate of $1.60 by $0.19. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.71 billion. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. Micron Technology's revenue was up 84.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.95) EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, December 30th. Micron Technology's payout ratio is 13.26%.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the business's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $85.21, for a total value of $416,676.90. Following the completion of the sale, the executive vice president now owns 181,223 shares of the company's stock, valued at $15,442,011.83. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.93, for a total transaction of $223,403.72. Following the completion of the sale, the director now directly owns 27,358 shares of the company's stock, valued at $2,542,378.94. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Micron Technology 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.