Columbia Advisory Partners LLC Cuts Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Columbia Advisory Partners LLC reduced its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.2% in the 1st quarter, HoldingsChannel reports. The firm owned 3,481 shares of the semiconductor manufacturer’s stock after selling 152 shares during the period. Columbia Advisory Partners LLC’s holdings in Micron Technology were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tidemark LLC acquired a new position in Micron Technology during the fourth quarter worth about $25,000. Pingora Partners LLC acquired a new stake in shares of Micron Technology in the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Micron Technology in the fourth quarter valued at approximately $29,000. VisionPoint Advisory Group LLC grew its position in shares of Micron Technology by 68.3% in the third quarter. VisionPoint Advisory Group LLC now owns 488 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 198 shares during the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of Micron Technology in the first quarter valued at approximately $39,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MU. Wedbush increased their price target on shares of Micron Technology from $130.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, June 18th. Barclays increased their price target on shares of Micron Technology from $120.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. Bank of America increased their price target on shares of Micron Technology from $144.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Stifel Nicolaus upped their price objective on shares of Micron Technology from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, TD Cowen upped their price objective on shares of Micron Technology from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat, Micron Technology currently has an average rating of “Moderate Buy” and an average price target of $153.00.

Micron Technology Stock Performance

Shares of MU stock traded up $0.58 during mid-day trading on Wednesday, reaching $141.70. The company’s stock had a trading volume of 25,516,311 shares, compared to its average volume of 19,962,463. The company’s 50 day simple moving average is $126.64 and its 200-day simple moving average is $105.26. Micron Technology, Inc. has a 12-month low of $60.50 and a 12-month high of $157.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.40 and a current ratio of 3.74.

Insider Activity

In related news, EVP Scott J. Deboer sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $110.31, for a total transaction of $4,412,400.00. Following the completion of the sale, the executive vice president now directly owns 158,617 shares of the company’s stock, valued at approximately $17,497,041.27. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Sanjay Mehrotra sold 34,284 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $152.28, for a total transaction of $5,220,767.52. Following the completion of the sale, the chief executive officer now directly owns 719,049 shares of the company’s stock, valued at approximately $109,496,781.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott J. Deboer sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $110.31, for a total transaction of $4,412,400.00. Following the sale, the executive vice president now directly owns 158,617 shares of the company’s stock, valued at $17,497,041.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 304,840 shares of company stock valued at $37,961,924. Company insiders own 0.32% of the company’s stock.

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.