Bank Hapoalim BM Purchases Shares of 1,755 Micron Technology, Inc. $MU

Bank Hapoalim BM purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,755 shares of the semiconductor manufacturer’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hilltop National Bank acquired a new stake in Micron Technology in the second quarter valued at $37,000. Dogwood Wealth Management LLC raised its stake in Micron Technology by 259.6% in the second quarter. Dogwood Wealth Management LLC now owns 356 shares of the semiconductor manufacturer’s stock valued at $44,000 after buying an additional 257 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Micron Technology during the first quarter worth about $33,000. AllSquare Wealth Management LLC increased its position in shares of Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Micron Technology during the first quarter worth about $36,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 15,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $180.86, for a total value of $2,712,900.00. Following the sale, the chief executive officer owned 310,148 shares of the company’s stock, valued at approximately $56,093,367.28. The trade was a 4.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard M. Beyer sold 5,552 shares of Micron Technology stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the sale, the director directly owned 96,031 shares in the company, valued at $14,950,106.08. This represents a 5.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,456 shares of company stock worth $15,698,445 over the last quarter. 0.30% of the stock is owned by company insiders.

Micron Technology Price Performance

Shares of MU opened at $187.83 on Friday. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $191.85. The stock’s 50 day moving average is $134.89 and its two-hundred day moving average is $110.70. The firm has a market capitalization of $210.20 billion, a PE ratio of 24.75, a P/E/G ratio of 0.40 and a beta of 1.56. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group lifted their target price on Micron Technology from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Summit Insights upgraded Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. The Goldman Sachs Group lifted their target price on Micron Technology from $130.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. Stifel Nicolaus lifted their target price on Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, CLSA assumed coverage on Micron Technology in a research report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 target price on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and an average target price of $184.77.

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.