Micron Technology, Inc. $MU Shares Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd grew its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 88.7% during the 4th quarter, Holdings Channel reports. The firm owned 36,848 shares of the semiconductor manufacturer’s stock after purchasing an additional 17,321 shares during the period. Micron Technology comprises 0.5% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 27th largest position. Y.D. More Investments Ltd’s holdings in Micron Technology were worth $10,533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MU. REAP Financial Group LLC bought a new position in Micron Technology during the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Micron Technology during the third quarter worth about $27,000. Elevation Wealth Partners LLC raised its position in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in Micron Technology in the 2nd quarter valued at about $30,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in Micron Technology by 79.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

MU stock opened at $366.24 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The firm has a market capitalization of $413.02 billion, a P/E ratio of 17.29 and a beta of 1.60. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $471.34. The company’s 50 day simple moving average is $403.11 and its 200-day simple moving average is $300.90.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be paid a $0.15 dividend. The ex-dividend date is Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.2%. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

Analyst Ratings Changes

MU has been the topic of several recent research reports. Mizuho lifted their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Barclays increased their target price on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Rosenblatt Securities restated a “buy” rating and issued a $500.00 price target on shares of Micron Technology in a research report on Monday, March 16th. KeyCorp upped their price target on Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Finally, Citigroup cut their price objective on Micron Technology from $510.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus price target of $463.71.

Insider Transactions at Micron Technology

In related news, Director Teyin M. Liu bought 11,600 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was bought at an average price of $337.07 per share, for a total transaction of $3,910,012.00. Following the transaction, the director directly owned 14,310 shares in the company, valued at $4,823,471.70. This represents a 428.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott R. Allen sold 2,000 shares of Micron Technology stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total transaction of $675,000.00. Following the sale, the chief accounting officer directly owned 38,237 shares of the company’s stock, valued at $12,904,987.50. This trade represents a 4.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have acquired 23,200 shares of company stock worth $7,821,723 and have sold 93,623 shares worth $35,728,508. 0.24% of the stock is owned by corporate insiders.

About Micron Technology

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.