Micron Technology, Inc. $MU Shares Acquired by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. grew its stake in Micron Technology, Inc. (NASDAQ:MU) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,954 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,328 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Micron Technology were worth $12,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC increased its position in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of Micron Technology by 240.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 425 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 300 shares during the last quarter. Merit Financial Group LLC increased its position in shares of Micron Technology by 22.6% during the 1st quarter. Merit Financial Group LLC now owns 19,475 shares of the semiconductor manufacturer’s stock worth $1,692,000 after purchasing an additional 3,593 shares during the last quarter. HBW Advisory Services LLC acquired a new stake in shares of Micron Technology during the 1st quarter worth about $281,000. Finally, Romano Brothers AND Company acquired a new stake in shares of Micron Technology during the 1st quarter worth about $497,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Performance

Shares of MU opened at $182.15 on Thursday. The stock has a 50-day simple moving average of $131.92 and a 200-day simple moving average of $109.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The stock has a market capitalization of $203.85 billion, a PE ratio of 24.00, a PEG ratio of 0.37 and a beta of 1.56. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $182.39.

Micron Technology Announces Dividend

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

Insiders Place Their Bets

In related news, Director Mary Pat Mccarthy sold 2,404 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total transaction of $278,070.68. Following the completion of the sale, the director owned 20,146 shares in the company, valued at $2,330,287.82. The trade was a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following the sale, the chief financial officer owned 264,036 shares of the company’s stock, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,456 shares of company stock worth $10,524,945 in the last three months. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MU has been the subject of a number of recent analyst reports. Barclays raised their price objective on Micron Technology from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Rosenblatt Securities raised their price objective on Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Susquehanna lifted their target price on Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, September 17th. Finally, The Goldman Sachs Group lifted their target price on Micron Technology from $130.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Micron Technology presently has an average rating of “Buy” and a consensus target price of $184.77.

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.