Bank Julius Baer & Co. Ltd Zurich Has $30.32 Million Position in Micron Technology, Inc. $MU

Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 19.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,233 shares of the semiconductor manufacturer’s stock after acquiring an additional 17,566 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Micron Technology were worth $30,320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new stake in shares of Micron Technology during the 3rd quarter worth $25,000. Elevation Wealth Partners LLC raised its stake in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. lifted its position in Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares during the period. GHP Investment Advisors Inc. lifted its position in Micron Technology by 91.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 52 shares during the period. Finally, Joseph Group Capital Management bought a new stake in Micron Technology during the fourth quarter worth about $31,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Micron Technology

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Micron Technology Price Performance

MU stock opened at $776.01 on Friday. The stock has a market cap of $875.13 billion, a price-to-earnings ratio of 36.64 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The company has a 50 day simple moving average of $472.61 and a 200 day simple moving average of $368.17. Micron Technology, Inc. has a 1 year low of $90.93 and a 1 year high of $818.67.

Micron Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

Insider Activity at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 106,000 shares of company stock valued at $47,032,460 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MU shares. UBS Group raised their target price on shares of Micron Technology from $510.00 to $535.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Wedbush increased their price target on shares of Micron Technology from $320.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. The Goldman Sachs Group lifted their price objective on shares of Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, March 19th. TD Cowen boosted their price objective on shares of Micron Technology from $550.00 to $660.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Barclays upped their target price on Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $495.63.

Check Out Our Latest Stock Report on Micron Technology

Micron Technology Company Profile

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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