Gilder Gagnon Howe & Co. LLC Has $23.96 Million Stock Position in Micron Technology, Inc. (NASDAQ:MU)

Gilder Gagnon Howe & Co. LLC raised its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,718 shares of the semiconductor manufacturer's stock after buying an additional 5,734 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in Micron Technology were worth $23,962,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its stake in shares of Micron Technology by 114.9% during the fourth quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 200 shares during the period. Midwest Capital Advisors LLC bought a new position in Micron Technology during the 4th quarter worth approximately $33,000. Activest Wealth Management boosted its stake in Micron Technology by 583.3% during the 4th quarter. Activest Wealth Management now owns 410 shares of the semiconductor manufacturer's stock worth $34,000 after acquiring an additional 350 shares during the last quarter. Comprehensive Financial Planning Inc. PA acquired a new position in Micron Technology during the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC bought a new stake in Micron Technology in the fourth quarter valued at approximately $34,000. 80.84% of the stock is owned by institutional investors.

Micron Technology Stock Performance

MU traded up $2.36 on Friday, reaching $79.78. The company had a trading volume of 19,715,387 shares, compared to its average volume of 23,282,027. The stock has a market cap of $89.16 billion, a P/E ratio of 22.99 and a beta of 1.18. 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, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $157.54. The company's fifty day moving average is $85.71 and its 200 day moving average is $94.82.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 EPS for the quarter, beating the consensus estimate of $1.43 by $0.13. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The company had revenue of $8.05 billion for the quarter, compared to the consensus estimate of $7.93 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm's revenue for the quarter was up 38.2% on a year-over-year basis. As a group, analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.58%. The ex-dividend date was Monday, March 31st. Micron Technology's dividend payout ratio (DPR) is 11.03%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $96.18, for a total value of $1,442,700.00. Following the transaction, the executive vice president now directly owns 164,769 shares of the company's stock, valued at $15,847,482.42. This trade represents a 8.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $92.93, for a total transaction of $223,403.72. Following the sale, the director now owns 27,358 shares in the company, valued at $2,542,378.94. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MU. Wedbush reiterated an "outperform" rating and issued a $125.00 price target on shares of Micron Technology in a report on Monday, March 17th. Royal Bank of Canada set a $125.00 target price on Micron Technology in a report on Wednesday, March 19th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $130.00 price objective on shares of Micron Technology in a research report on Friday, March 21st. Citigroup dropped their target price on Micron Technology from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, UBS Group upped their price target on Micron Technology from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $128.56.

Micron Technology Company 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.