Micron Technology, Inc. (NASDAQ:MU) Shares Bought by EULAV Asset Management

EULAV Asset Management boosted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 56.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,000 shares of the semiconductor manufacturer's stock after acquiring an additional 18,000 shares during the quarter. EULAV Asset Management's holdings in Micron Technology were worth $5,186,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Atria Investments Inc increased its position in Micron Technology by 0.3% in the 1st quarter. Atria Investments Inc now owns 27,749 shares of the semiconductor manufacturer's stock worth $3,269,000 after purchasing an additional 93 shares during the last quarter. Aspect Partners LLC lifted its holdings in Micron Technology by 39.8% in the 2nd quarter. Aspect Partners LLC now owns 330 shares of the semiconductor manufacturer's stock worth $43,000 after purchasing an additional 94 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in Micron Technology by 1.3% during the second quarter. Ameritas Advisory Services LLC now owns 7,625 shares of the semiconductor manufacturer's stock valued at $1,003,000 after purchasing an additional 98 shares during the last quarter. LRI Investments LLC boosted its holdings in shares of Micron Technology by 57.2% during the 2nd quarter. LRI Investments LLC now owns 272 shares of the semiconductor manufacturer's stock worth $36,000 after buying an additional 99 shares during the period. Finally, E&G Advisors LP raised its holdings in Micron Technology by 5.2% in the 2nd quarter. E&G Advisors LP now owns 2,015 shares of the semiconductor manufacturer's stock worth $265,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $113.00, for a total value of $552,570.00. Following the transaction, the executive vice president now owns 135,830 shares in the company, valued at $15,348,790. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.32% of the company's stock.

Micron Technology Stock Performance

Shares of MU stock traded up $0.64 on Wednesday, hitting $98.37. The company had a trading volume of 10,454,361 shares, compared to its average volume of 21,562,189. The company has a quick ratio of 1.68, a current ratio of 2.64 and a debt-to-equity ratio of 0.29. The firm has a market cap of $109.07 billion, a P/E ratio of 143.52 and a beta of 1.18. The company has a 50-day moving average price of $101.77 and a 200-day moving average price of $112.52. Micron Technology, Inc. has a twelve month low of $72.93 and a twelve month high of $157.54.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.21. The firm had revenue of $7.75 billion during the quarter, compared to analysts' expectations of $7.65 billion. Micron Technology had a net margin of 3.10% and a return on equity of 1.58%. Micron Technology's revenue was up 93.3% compared to the same quarter last year. During the same period last year, the business earned ($1.21) earnings per share. As a group, equities research analysts predict that Micron Technology, Inc. will post 8.31 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, October 7th. Micron Technology's payout ratio is currently 67.65%.

Wall Street Analyst Weigh In

Several equities analysts have commented on MU shares. Citigroup reduced their price objective on Micron Technology from $175.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, September 17th. Wedbush restated an "outperform" rating and issued a $140.00 target price on shares of Micron Technology in a research note on Thursday, September 26th. KeyCorp dropped their price objective on shares of Micron Technology from $145.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, October 8th. Stifel Nicolaus lowered their price target on shares of Micron Technology from $165.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, September 19th. Finally, UBS Group decreased their target price on Micron Technology from $153.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $143.04.

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.