Micron Technology, Inc. (NASDAQ:MU) Shares Purchased by Catalina Capital Group LLC

Catalina Capital Group LLC boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,514 shares of the semiconductor manufacturer’s stock after acquiring an additional 183 shares during the quarter. Catalina Capital Group LLC’s holdings in Micron Technology were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norden Group LLC boosted its holdings in shares of 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 in the last quarter. Csenge Advisory Group purchased a new stake in Micron Technology in the 1st quarter valued at approximately $243,000. Manchester Capital Management LLC boosted its holdings in Micron Technology by 5.2% in the 1st quarter. Manchester Capital Management LLC now owns 2,119 shares of the semiconductor manufacturer’s stock valued at $250,000 after purchasing an additional 104 shares in the last quarter. Empirical Finance LLC increased its position in Micron Technology by 3.5% during the 1st quarter. Empirical Finance LLC now owns 39,659 shares of the semiconductor manufacturer’s stock worth $4,675,000 after purchasing an additional 1,338 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Micron Technology by 4.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 60,458 shares of the semiconductor manufacturer’s stock valued at $7,127,000 after buying an additional 2,383 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MU. Susquehanna dropped their price objective on Micron Technology from $175.00 to $165.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Robert W. Baird lowered their price target on shares of Micron Technology from $172.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, September 27th. Wedbush reiterated an “outperform” rating and issued a $140.00 price objective on shares of Micron Technology in a research note on Thursday, September 26th. China Renaissance initiated coverage on shares of Micron Technology in a research report on Monday, October 28th. They set a “buy” rating and a $148.00 target price on the stock. Finally, Stifel Nicolaus reduced 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 report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.04.

Micron Technology Trading Up 6.0 %

Shares of MU opened at $111.83 on Thursday. Micron Technology, Inc. has a fifty-two week low of $71.71 and a fifty-two week high of $157.54. The company has a market capitalization of $123.99 billion, a PE ratio of 164.46 and a beta of 1.18. The stock has a fifty day moving average of $99.49 and a two-hundred day moving average of $113.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.68 and a current ratio of 2.64.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $7.65 billion. During the same period in the prior year, the firm posted ($1.21) earnings per share. The business’s quarterly revenue was up 93.3% compared to the same quarter last year. As a group, analysts forecast that Micron Technology, Inc. will post 8.31 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were given a $0.115 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.46 annualized dividend and a dividend yield of 0.41%. Micron Technology’s dividend payout ratio is presently 67.65%.

Insider Activity at Micron Technology

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 shares were sold at an average price of $113.00, for a total transaction of $552,570.00. Following the transaction, the executive vice president now owns 135,830 shares of the company’s stock, valued at $15,348,790. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.32% of the stock is owned by 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.