Mn Services Vermogensbeheer B.V. Lowers Holdings in Micron Technology, Inc. (NASDAQ:MU)

Mn Services Vermogensbeheer B.V. lowered its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 425,900 shares of the semiconductor manufacturer's stock after selling 10,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Micron Technology were worth $44,170,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Norden Group LLC grew its position in Micron Technology by 43.4% in the first quarter. Norden Group LLC now owns 3,564 shares of the semiconductor manufacturer's stock valued at $420,000 after acquiring an additional 1,078 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Micron Technology by 8.0% in the first quarter. Janney Montgomery Scott LLC now owns 109,138 shares of the semiconductor manufacturer's stock valued at $12,866,000 after acquiring an additional 8,065 shares during the last quarter. Choreo LLC bought a new position in Micron Technology in the first quarter valued at about $770,000. Nordea Investment Management AB grew its position in Micron Technology by 68.3% in the first quarter. Nordea Investment Management AB now owns 140,731 shares of the semiconductor manufacturer's stock valued at $16,653,000 after acquiring an additional 57,103 shares during the last quarter. Finally, Haverford Trust Co bought a new position in Micron Technology in the first quarter valued at about $264,000. Institutional investors own 80.84% of the company's stock.

Wall Street Analyst Weigh In

MU has been the topic of several research reports. UBS Group reduced their price target on Micron Technology from $153.00 to $135.00 and set a "buy" rating on the stock in a report on Tuesday, September 17th. TD Cowen boosted their price target on Micron Technology from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Stifel Nicolaus reduced their price target on Micron Technology from $165.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, September 19th. Cantor Fitzgerald restated an "overweight" rating and set a $150.00 price target on shares of Micron Technology in a report on Tuesday, October 1st. Finally, Citigroup cut their price objective on Micron Technology from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $143.04.

Micron Technology Price Performance

Shares of NASDAQ:MU traded up $2.00 on Monday, hitting $101.73. The company's stock had a trading volume of 14,613,552 shares, compared to its average volume of 21,886,922. The company has a 50-day simple moving average of $99.00 and a 200 day simple moving average of $113.11. Micron Technology, Inc. has a 1 year low of $71.71 and a 1 year high of $157.54. The company has a market capitalization of $112.79 billion, a PE ratio of 149.60 and a beta of 1.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.64 and a quick ratio of 1.68.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.97 by $0.21. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.65 billion. Micron Technology had a return on equity of 1.58% and a net margin of 3.10%. The company's revenue was up 93.3% on a year-over-year basis. During the same period in the prior year, the company earned ($1.21) EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 8.31 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.46 annualized dividend and a yield of 0.45%. Micron Technology's payout ratio is 67.65%.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $113.00, for a total value of $552,570.00. Following the completion of the sale, the executive vice president now owns 135,830 shares in the company, valued at approximately $15,348,790. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is owned by corporate insiders.

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.