Y.D. More Investments Ltd Has $509,000 Stock Position in Micron Technology, Inc. (NASDAQ:MU)

Y.D. More Investments Ltd lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 33.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,978 shares of the semiconductor manufacturer’s stock after selling 3,032 shares during the quarter. Y.D. More Investments Ltd’s holdings in Micron Technology were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Czech National Bank raised its holdings in shares of Micron Technology by 7.1% in the 3rd quarter. Czech National Bank now owns 225,924 shares of the semiconductor manufacturer’s stock worth $23,431,000 after buying an additional 14,902 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Micron Technology by 12.1% during the third quarter. GAMMA Investing LLC now owns 15,599 shares of the semiconductor manufacturer’s stock valued at $1,618,000 after acquiring an additional 1,689 shares during the period. Diversified Trust Co boosted its stake in shares of Micron Technology by 37.0% in the 3rd quarter. Diversified Trust Co now owns 22,202 shares of the semiconductor manufacturer’s stock valued at $2,303,000 after purchasing an additional 5,995 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of Micron Technology by 46.8% in the 3rd quarter. Fulton Bank N.A. now owns 9,175 shares of the semiconductor manufacturer’s stock worth $952,000 after purchasing an additional 2,926 shares during the last quarter. Finally, Kesler Norman & Wride LLC acquired a new stake in shares of Micron Technology during the 3rd quarter worth about $795,000. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 4,890 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $85.21, for a total value of $416,676.90. Following the sale, the executive vice president now directly owns 181,223 shares in the company, valued at approximately $15,442,011.83. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $90.66 on Wednesday. The business’s 50 day moving average is $97.13 and its 200-day moving average is $99.55. The firm has a market cap of $101.01 billion, a P/E ratio of 26.13 and a beta of 1.18. Micron Technology, Inc. has a 1-year low of $79.15 and a 1-year high of $157.54. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.19. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The firm had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter in the previous year, the firm posted ($0.95) EPS. The business’s revenue for the quarter was up 84.3% compared to the same quarter last year. Equities research analysts predict that Micron Technology, Inc. will post 6.29 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, December 30th. Micron Technology’s dividend payout ratio (DPR) is presently 13.26%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MU. Cantor Fitzgerald cut their price target on Micron Technology from $150.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Mizuho decreased their price target on shares of Micron Technology from $135.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. TD Cowen dropped their price objective on shares of Micron Technology from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Piper Sandler decreased their price objective on Micron Technology from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group cut their price target on Micron Technology from $145.00 to $128.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

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.