HUB Investment Partners LLC Purchases 5,441 Shares of Micron Technology, Inc. (NASDAQ:MU)

HUB Investment Partners LLC increased its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 255.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,568 shares of the semiconductor manufacturer's stock after buying an additional 5,441 shares during the period. HUB Investment Partners LLC's holdings in Micron Technology were worth $637,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC lifted its holdings in Micron Technology by 602.2% during the third quarter. Stone House Investment Management LLC now owns 323 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 277 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Micron Technology by 1,096.3% during the third quarter. True Wealth Design LLC now owns 323 shares of the semiconductor manufacturer's stock worth $33,000 after acquiring an additional 296 shares in the last quarter. Beacon Capital Management LLC lifted its position 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 acquiring an additional 200 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Micron Technology in the third quarter valued at $39,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Micron Technology during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 80.84% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MU shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $130.00 price objective on shares of Micron Technology in a research report on Friday. Wells Fargo & Company reduced their target price on shares of Micron Technology from $140.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. KGI Securities upgraded shares of Micron Technology to a "strong-buy" rating in a research report on Friday, February 21st. Mizuho decreased their price objective on Micron Technology from $135.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Finally, Rosenblatt Securities reduced their price target on Micron Technology from $250.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average price target of $132.63.

Micron Technology Stock Performance

NASDAQ MU traded down $2.76 during trading hours on Tuesday, hitting $94.18. 22,163,705 shares of the company's stock traded hands, compared to its average volume of 22,527,407. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The business's fifty day moving average price is $96.86 and its two-hundred day moving average price is $98.40. The firm has a market capitalization of $104.93 billion, a P/E ratio of 27.14 and a beta of 1.23. Micron Technology, Inc. has a 52 week low of $83.54 and a 52 week high of $157.54.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data 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 net margin of 13.34% and a return on equity of 8.32%. The firm had revenue of $8.05 billion for the quarter, compared to the consensus estimate of $7.93 billion. During the same period last year, the firm earned $0.42 EPS. The company's revenue was up 38.2% on a year-over-year basis. Equities research analysts predict 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 will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.115 per share. The ex-dividend date is Monday, March 31st. This represents a $0.46 annualized dividend and a yield of 0.49%. Micron Technology's payout ratio is 11.03%.

Insider Buying and Selling at Micron Technology

In other news, 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 completion of the transaction, the director now directly owns 27,358 shares in the company, valued at approximately $2,542,378.94. This represents a 8.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by insiders.

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.