Avior Wealth Management LLC Has $3.19 Million Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Avior Wealth Management LLC lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,763 shares of the semiconductor manufacturer’s stock after selling 1,852 shares during the quarter. Avior Wealth Management LLC’s holdings in Micron Technology were worth $3,190,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in Micron Technology by 5.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 409,125 shares of the semiconductor manufacturer’s stock valued at $42,430,000 after purchasing an additional 22,327 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Micron Technology in the third quarter valued at $4,247,000. Banque Cantonale Vaudoise raised its holdings in shares of Micron Technology by 66.8% in the third quarter. Banque Cantonale Vaudoise now owns 19,788 shares of the semiconductor manufacturer’s stock valued at $2,051,000 after buying an additional 7,928 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in Micron Technology by 59.2% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 74,177 shares of the semiconductor manufacturer’s stock worth $7,693,000 after buying an additional 27,577 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in Micron Technology by 3.8% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 20,422 shares of the semiconductor manufacturer’s stock worth $2,118,000 after acquiring an additional 752 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 4,890 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $113.00, for a total transaction of $552,570.00. Following the completion of the sale, the executive vice president now owns 135,830 shares of the company’s stock, valued at $15,348,790. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.32% of the company’s stock.

Micron Technology Stock Performance

Shares of MU stock opened at $97.73 on Wednesday. The stock has a market cap of $108.36 billion, a P/E ratio of 143.72 and a beta of 1.18. The company has a fifty day moving average price of $101.77 and a two-hundred day moving average price of $112.52. Micron Technology, Inc. has a one year low of $72.93 and a one year high of $157.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.64 and a quick ratio of 1.68.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. Micron Technology had a return on equity of 1.58% and a net margin of 3.10%. The business had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter last year, the company posted ($1.21) earnings per share. Micron Technology’s quarterly revenue was up 93.3% on a year-over-year basis. As a group, equities analysts predict that Micron Technology, Inc. will post 8.31 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.47%. Micron Technology’s payout ratio is presently 67.65%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Micron Technology from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company dropped their price objective on shares of Micron Technology from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, September 18th. UBS Group decreased their price objective on Micron Technology from $153.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Morgan Stanley boosted their target price on Micron Technology from $100.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 26th. Finally, China Renaissance began coverage on Micron Technology in a report on Monday, October 28th. They issued a “buy” rating and a $148.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.04.

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.