Circle Wealth Management LLC Has $1.68 Million Stock Position in Micron Technology, Inc. $MU

Circle Wealth Management LLC cut its stake in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,870 shares of the semiconductor manufacturer’s stock after selling 1,344 shares during the period. Circle Wealth Management LLC’s holdings in Micron Technology were worth $1,675,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Micron Technology by 21.7% during the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock worth $435,000 after acquiring an additional 628 shares in the last quarter. United Bank bought a new stake in Micron Technology during the second quarter worth about $236,000. Schnieders Capital Management LLC. raised its holdings in Micron Technology by 67.9% during the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after acquiring an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Micron Technology by 5.6% during the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock worth $49,987,000 after acquiring an additional 21,619 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $981.61 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $677.58 and a two-hundred day moving average price of $463.52. Micron Technology, Inc. has a 1-year low of $103.38 and a 1-year high of $1,089.29. The company has a market cap of $1.11 trillion, a P/E ratio of 46.35 and a beta of 2.16.

Micron Technology (NASDAQ:MUGet Free Report) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. During the same period last year, the business posted $1.56 EPS. The business’s revenue was up 196 compared to the same quarter last year. As a group, analysts anticipate that Micron Technology, Inc. will post 59.23 EPS for the current year.

Micron Technology Increases Dividend

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

Trending Headlines about Micron Technology

Here are the key news stories impacting Micron Technology this week:

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MU shares. Citigroup boosted their price target on Micron Technology from $425.00 to $840.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Morgan Stanley increased their price target on Micron Technology from $520.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Rosenblatt Securities restated a “buy” rating and set a $500.00 target price on shares of Micron Technology in a research note on Monday, March 16th. Wedbush increased their price target on Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Finally, UBS Group increased their price objective on Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $737.63.

Read Our Latest Analysis on Micron Technology

Insiders Place Their Bets

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is currently owned by insiders.

Micron Technology 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.

Further Reading

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

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