Walser Wealth Management Company A Ltd Liability Co Makes New $871,000 Investment in Micron Technology, Inc. $MU

Walser Wealth Management Company A Ltd Liability Co bought a new stake in Micron Technology, Inc. (NASDAQ:MUFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,051 shares of the semiconductor manufacturer’s stock, valued at approximately $871,000.

Other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of Micron Technology during the 4th quarter valued at $2,625,000. MV Capital Management Inc. purchased a new stake in Micron Technology in the 4th quarter worth about $8,267,000. Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in Micron Technology in the 4th quarter worth about $140,000. Cambient Family Office LLC purchased a new stake in Micron Technology in the 4th quarter worth about $657,000. Finally, Wick Capital Partners LLC bought a new stake in Micron Technology in the 4th quarter valued at about $7,122,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

Micron Technology Stock Performance

Shares of MU opened at $1,133.99 on Friday. The stock’s 50-day simple moving average is $733.54 and its 200 day simple moving average is $488.89. The stock has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 53.54 and a beta of 2.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a 52-week low of $103.38 and a 52-week high of $1,149.43.

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

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 146,000 shares of company stock valued at $85,486,715. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Susquehanna upped their price objective on shares of Micron Technology from $600.00 to $1,750.00 and gave the company a “positive” rating in a report on Friday, May 29th. Wells Fargo & Company lifted their target price on shares of Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Royal Bank Of Canada boosted their price target on shares of Micron Technology from $525.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday. The Goldman Sachs Group upped their price target on shares of Micron Technology from $400.00 to $900.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus price target of $913.47.

Read 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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