Micron Technology, Inc. (NASDAQ:MU) Shares Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 66.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,788 shares of the semiconductor manufacturer's stock after buying an additional 7,928 shares during the period. Banque Cantonale Vaudoise's holdings in Micron Technology were worth $2,051,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in Micron Technology by 22.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,243,633 shares of the semiconductor manufacturer's stock worth $2,150,743,000 after acquiring an additional 3,315,988 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Micron Technology by 30.6% during the third quarter. Van ECK Associates Corp now owns 10,564,198 shares of the semiconductor manufacturer's stock worth $1,109,769,000 after purchasing an additional 2,477,985 shares in the last quarter. Boston Partners lifted its holdings in shares of Micron Technology by 1.4% in the 1st quarter. Boston Partners now owns 4,536,283 shares of the semiconductor manufacturer's stock valued at $534,189,000 after purchasing an additional 61,127 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Micron Technology by 7.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,276,245 shares of the semiconductor manufacturer's stock valued at $443,489,000 after purchasing an additional 295,452 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Micron Technology by 0.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,980,793 shares of the semiconductor manufacturer's stock worth $523,594,000 after buying an additional 17,288 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Micron Technology

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 Trading Up 0.7 %

Shares of MU opened at $98.37 on Thursday. Micron Technology, Inc. has a 1-year low of $72.93 and a 1-year high of $157.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.64 and a quick ratio of 1.68. The firm has a 50 day simple moving average of $101.93 and a 200-day simple moving average of $112.42. The stock has a market cap of $109.07 billion, a price-to-earnings ratio of 144.66 and a beta of 1.18.

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

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Monday, October 7th. Micron Technology's dividend payout ratio is presently 67.65%.

Analysts Set New Price Targets

MU has been the subject of several research analyst reports. Robert W. Baird decreased their price objective on Micron Technology from $172.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, September 27th. Stifel Nicolaus decreased 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 note on Thursday, September 19th. BNP Paribas downgraded shares of Micron Technology from an "outperform" rating to an "underperform" rating and lowered their price objective for the stock from $140.00 to $67.00 in a research report on Thursday, September 12th. Wells Fargo & Company reduced their target price on shares of Micron Technology from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Wednesday, September 18th. Finally, Needham & Company LLC reissued a "buy" rating and set a $140.00 price target on shares of Micron Technology in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, Micron Technology has an average rating of "Moderate Buy" and a consensus target price 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.