ORG Partners LLC Has $289,000 Holdings in Micron Technology, Inc. (NASDAQ:MU)

ORG Partners LLC grew its position in Micron Technology, Inc. (NASDAQ:MU) by 579.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,200 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,876 shares during the period. ORG Partners LLC’s holdings in Micron Technology were worth $289,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MU. Norges Bank bought a new stake in shares of Micron Technology during the 4th quarter worth about $769,372,000. Price T Rowe Associates Inc. MD boosted its stake in Micron Technology by 22.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,243,633 shares of the semiconductor manufacturer’s stock valued at $2,150,743,000 after purchasing an additional 3,315,988 shares during the period. California Public Employees Retirement System boosted its stake in Micron Technology by 125.0% during the 4th quarter. California Public Employees Retirement System now owns 4,541,662 shares of the semiconductor manufacturer’s stock valued at $387,585,000 after purchasing an additional 2,523,267 shares during the period. Capital International Investors boosted its stake in Micron Technology by 15.1% during the 1st quarter. Capital International Investors now owns 18,303,506 shares of the semiconductor manufacturer’s stock valued at $2,157,800,000 after purchasing an additional 2,397,885 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in Micron Technology by 301,500.0% during the 1st quarter. 1832 Asset Management L.P. now owns 1,809,600 shares of the semiconductor manufacturer’s stock valued at $213,334,000 after purchasing an additional 1,809,000 shares during the period. Institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 4,890 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $135.86, for a total transaction of $664,355.40. Following the completion of the sale, the executive vice president now owns 142,321 shares in the company, valued at $19,335,731.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP April S. Arnzen sold 4,890 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $135.86, for a total value of $664,355.40. Following the completion of the sale, the executive vice president now directly owns 142,321 shares in the company, valued at $19,335,731.06. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sanjay Mehrotra sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $132.14, for a total value of $924,980.00. Following the completion of the sale, the chief executive officer now owns 719,049 shares of the company’s stock, valued at $95,015,134.86. The disclosure for this sale can be found here. Insiders sold a total of 67,174 shares of company stock worth $9,528,693 over the last quarter. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

MU has been the subject of several recent research reports. Citigroup upped their price target on Micron Technology from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, June 24th. JPMorgan Chase & Co. increased their target price on Micron Technology from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, June 27th. The Goldman Sachs Group raised their price target on Micron Technology from $138.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Needham & Company LLC raised their price target on Micron Technology from $120.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, Susquehanna raised their price target on Micron Technology from $143.00 to $185.00 and gave the company a “positive” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $157.92.

Micron Technology Stock Up 3.0 %

Shares of NASDAQ:MU traded up $2.97 during midday trading on Wednesday, reaching $100.41. The company had a trading volume of 22,362,189 shares, compared to its average volume of 21,420,438. The company has a quick ratio of 2.16, a current ratio of 3.41 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average price is $123.40 and its 200 day moving average price is $113.14. The stock has a market cap of $111.34 billion, a PE ratio of -70.94 and a beta of 1.18. Micron Technology, Inc. has a 1-year low of $61.75 and a 1-year high of $157.54.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 26th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.14. Micron Technology had a negative return on equity of 4.01% and a negative net margin of 7.20%. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter last year, the company posted ($1.57) earnings per share. Micron Technology’s quarterly revenue was up 81.5% on a year-over-year basis. Research analysts forecast that Micron Technology, Inc. will post 0.58 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Monday, July 8th were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, July 8th. Micron Technology’s dividend payout ratio is presently -32.39%.

About Micron Technology

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.