Tyler Stone Wealth Management Has $1.16 Million Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Tyler Stone Wealth Management increased its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 106.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,208 shares of the semiconductor manufacturer's stock after buying an additional 5,782 shares during the quarter. Tyler Stone Wealth Management's holdings in Micron Technology were worth $1,162,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Highline Wealth Partners LLC acquired a new stake in shares of Micron Technology in the 3rd quarter valued at approximately $26,000. Hobbs Group Advisors LLC acquired a new stake in Micron Technology during the 2nd quarter valued at $28,000. Davis Capital Management acquired a new stake in Micron Technology during the 3rd quarter valued at $30,000. Richard W. Paul & Associates LLC lifted its holdings in Micron Technology by 128.6% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 256 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 144 shares during the last quarter. Finally, DT Investment Partners LLC lifted its holdings in Micron Technology by 261.1% during the 3rd quarter. DT Investment Partners LLC now owns 325 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Price Performance

Micron Technology stock traded down $1.51 during midday trading on Friday, reaching $111.90. The company's stock had a trading volume of 13,045,721 shares, compared to its average volume of 17,080,670. Micron Technology, Inc. has a 52 week low of $72.93 and a 52 week high of $157.54. The company has a current ratio of 2.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $100.16 and a 200-day moving average price of $113.12. The stock has a market cap of $124.07 billion, a PE ratio of 164.56 and a beta of 1.18.

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

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were issued a dividend of $0.115 per share. The ex-dividend date was Monday, October 7th. This represents a $0.46 annualized dividend and a yield of 0.41%. Micron Technology's payout ratio is 67.65%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MU. Wells Fargo & Company cut their price target on Micron Technology from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Wednesday, September 18th. KeyCorp cut their price target on Micron Technology from $145.00 to $135.00 and set an "overweight" rating for the company in a report on Tuesday, October 8th. Citigroup dropped their target price on Micron Technology from $175.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, September 17th. UBS Group dropped their target price on Micron Technology from $153.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, September 17th. Finally, Robert W. Baird dropped their target price on Micron Technology from $172.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, September 27th. 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 company's stock. Based on data from MarketBeat.com, Micron Technology currently has an average rating of "Moderate Buy" and an average target price of $143.04.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the company's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $113.00, for a total transaction of $552,570.00. Following the sale, the executive vice president now owns 135,830 shares of the company's stock, valued at approximately $15,348,790. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company's stock.

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.