D.A. Davidson & CO. Has $7.14 Million Stock Position in Micron Technology, Inc. (NASDAQ:MU)

D.A. Davidson & CO. lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 17.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,844 shares of the semiconductor manufacturer’s stock after purchasing an additional 10,080 shares during the quarter. D.A. Davidson & CO.’s holdings in Micron Technology were worth $7,140,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Citizens Financial Group Inc. RI grew its stake in Micron Technology by 66.6% in the 1st quarter. Citizens Financial Group Inc. RI now owns 4,399 shares of the semiconductor manufacturer’s stock valued at $519,000 after buying an additional 1,759 shares during the last quarter. Strategic Wealth Partners Ltd. acquired a new position in Micron Technology in the 1st quarter valued at $234,000. Swedbank AB acquired a new position in Micron Technology in the 1st quarter valued at $54,432,000. Atria Investments Inc grew its stake in Micron Technology by 0.3% in the 1st quarter. Atria Investments Inc now owns 27,749 shares of the semiconductor manufacturer’s stock valued at $3,269,000 after buying an additional 93 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Micron Technology by 161.3% in the 1st quarter. Cetera Investment Advisers now owns 193,549 shares of the semiconductor manufacturer’s stock valued at $22,817,000 after purchasing an additional 119,489 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 4,890 shares of the business’s 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 completion of the transaction, the executive vice president now owns 135,830 shares in the company, valued at approximately $15,348,790. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MU has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price target on shares of Micron Technology in a report on Thursday, September 26th. TD Cowen increased their price target on shares of Micron Technology from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Wedbush reissued an “outperform” rating and issued a $140.00 price target on shares of Micron Technology in a report on Thursday, September 26th. Robert W. Baird reduced their price target on shares of Micron Technology from $172.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, September 27th. Finally, Citigroup reduced their price target on shares of Micron Technology from $175.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, September 17th. One investment 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. Based on data from MarketBeat.com, Micron Technology currently has a consensus rating of “Moderate Buy” and an average target price of $143.04.

Micron Technology Stock Down 3.5 %

Shares of MU opened at $98.20 on Thursday. The business’s fifty day moving average price is $103.28 and its two-hundred day moving average price is $111.80. The firm has a market capitalization of $108.88 billion, a price-to-earnings ratio of 144.41 and a beta of 1.18. Micron Technology, Inc. has a 52 week low of $72.93 and a 52 week high of $157.54. 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 issued its quarterly earnings results on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 EPS for the quarter, topping the consensus estimate of $0.97 by $0.21. Micron Technology had a net margin of 3.10% and a return on equity of 1.58%. The company had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter in the previous year, the company earned ($1.21) EPS. Micron Technology’s revenue was up 93.3% on a year-over-year basis. On average, analysts predict that Micron Technology, Inc. will post 8.31 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, October 7th. Micron Technology’s dividend payout ratio (DPR) is currently 67.65%.

Micron Technology 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.