1,931 Shares in Micron Technology, Inc. $MU Purchased by Stanich Group LLC

Stanich Group LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,931 shares of the semiconductor manufacturer’s stock, valued at approximately $229,000.

Several other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Micron Technology during the first quarter valued at approximately $369,191,000. Vanguard Group Inc. boosted its position in shares of Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after buying an additional 2,049,163 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after buying an additional 2,038,641 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Micron Technology by 26.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after buying an additional 1,416,174 shares during the period. Finally, Keystone Investors PTE Ltd. purchased a new position in shares of Micron Technology during the first quarter valued at approximately $96,253,000. Institutional investors own 80.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays boosted their target price on Micron Technology from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of Micron Technology in a research report on Saturday, September 27th. UBS Group lifted their price target on shares of Micron Technology from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Citigroup lifted their price target on shares of Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, CLSA began coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target for the company. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $184.77.

Insider Buying and Selling

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 shares were sold at an average price of $115.67, for a total value of $278,070.68. Following the completion of the transaction, the director owned 20,146 shares of the company’s stock, valued at $2,330,287.82. The trade was a 10.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 transaction of $3,716,880.00. Following the completion of the transaction, the chief financial officer directly owned 264,036 shares of the company’s stock, valued at $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,456 shares of company stock valued at $15,698,445 over the last ninety days. Company insiders own 0.30% of the company’s stock.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $187.83 on Friday. The company has a market capitalization of $210.20 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 0.40 and a beta of 1.56. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $191.85. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $134.89 and a 200 day moving average of $110.70.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s payout ratio is 6.06%.

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.