Consolidated Portfolio Review Corp Has $307,000 Holdings in Micron Technology, Inc. $MU

Consolidated Portfolio Review Corp trimmed its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 24.7% in the second quarter, HoldingsChannel reports. The firm owned 2,493 shares of the semiconductor manufacturer’s stock after selling 818 shares during the period. Consolidated Portfolio Review Corp’s holdings in Micron Technology were worth $307,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MU. HMS Capital Management LLC raised its holdings in shares of Micron Technology by 0.6% in the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock valued at $2,375,000 after buying an additional 107 shares during the last quarter. D.B. Root & Company LLC increased its position in Micron Technology by 3.7% in the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock valued at $262,000 after acquiring an additional 108 shares in the last quarter. Werlinich Asset Management LLC increased its position in Micron Technology by 1.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer’s stock valued at $1,317,000 after acquiring an additional 115 shares in the last quarter. Rise Advisors LLC raised its stake in shares of Micron Technology by 5.3% in the first quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer’s stock worth $206,000 after acquiring an additional 120 shares during the last quarter. Finally, Orca Wealth Management LLC raised its stake in shares of Micron Technology by 1.5% in the first quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer’s stock worth $737,000 after acquiring an additional 129 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 13,798 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $162.20, for a total value of $2,238,035.60. Following the completion of the transaction, the chief executive officer owned 325,148 shares of the company’s stock, valued at $52,739,005.60. The trade was a 4.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total value of $278,070.68. Following the sale, the director directly owned 20,146 shares in the company, valued at $2,330,287.82. The trade was a 10.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,456 shares of company stock valued at $12,985,545. 0.30% of the stock is owned by corporate insiders.

Micron Technology Stock Performance

Shares of MU stock opened at $183.75 on Friday. The stock has a market cap of $205.64 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 0.40 and a beta of 1.56. The stock has a 50-day moving average of $133.36 and a 200-day moving average of $110.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $186.18.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be issued a $0.115 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.3%. Micron Technology’s dividend payout ratio (DPR) is 6.06%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MU. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. CLSA assumed coverage on Micron Technology in a research report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 target price for the company. Mizuho upped their price target on Micron Technology from $182.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Wedbush lifted their price objective on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, Rosenblatt Securities lifted their price target on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $184.77.

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.