Manchester Capital Management LLC Has $250,000 Holdings in Micron Technology, Inc. (NASDAQ:MU)

Manchester Capital Management LLC raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,119 shares of the semiconductor manufacturer’s stock after buying an additional 104 shares during the period. Manchester Capital Management LLC’s holdings in Micron Technology were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Creative Planning raised its holdings in shares of Micron Technology by 1.0% in the third quarter. Creative Planning now owns 123,518 shares of the semiconductor manufacturer’s stock valued at $8,403,000 after buying an additional 1,199 shares during the last quarter. Integrated Advisors Network LLC raised its stake in shares of Micron Technology by 6.3% in the third quarter. Integrated Advisors Network LLC now owns 11,967 shares of the semiconductor manufacturer’s stock worth $814,000 after acquiring an additional 705 shares during the last quarter. Graham Capital Management L.P. bought a new position in shares of Micron Technology in the third quarter worth about $794,000. Polar Capital Holdings Plc lifted its position in shares of Micron Technology by 12.7% during the third quarter. Polar Capital Holdings Plc now owns 122,291 shares of the semiconductor manufacturer’s stock worth $8,319,000 after purchasing an additional 13,733 shares in the last quarter. Finally, IMA Wealth Inc. grew its stake in shares of Micron Technology by 16.0% during the third quarter. IMA Wealth Inc. now owns 1,470 shares of the semiconductor manufacturer’s stock valued at $100,000 after purchasing an additional 203 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MU shares. Stifel Nicolaus boosted their target price on Micron Technology from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Wedbush reiterated an “outperform” rating and set a $170.00 target price on shares of Micron Technology in a research report on Thursday, June 27th. Wells Fargo & Company raised their price target on Micron Technology from $135.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Needham & Company LLC upped their price objective on Micron Technology from $120.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of Micron Technology in a report on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $158.72.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $135.86, for a total value of $664,355.40. Following the transaction, the executive vice president now owns 142,321 shares in the company, valued at approximately $19,335,731.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Micron Technology news, EVP Manish H. Bhatia sold 53,317 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $119.18, for a total value of $6,354,320.06. Following the sale, the executive vice president now owns 319,119 shares in the company, valued at $38,032,602.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 4,890 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $135.86, for a total transaction of $664,355.40. Following the transaction, the executive vice president now owns 142,321 shares of the company’s stock, valued at $19,335,731.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 250,730 shares of company stock valued at $31,063,449. Company insiders own 0.32% of the company’s stock.

Micron Technology Stock Performance

Shares of NASDAQ MU traded up $3.33 during trading hours on Friday, reaching $133.56. 8,857,894 shares of the stock were exchanged, compared to its average volume of 20,755,285. The firm has a market capitalization of $148.10 billion, a price-to-earnings ratio of -94.42 and a beta of 1.18. The stock’s fifty day simple moving average is $131.84 and its 200 day simple moving average is $109.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.16 and a current ratio of 3.41. Micron Technology, Inc. has a 52 week low of $61.75 and a 52 week high of $157.54.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, June 26th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.14. Micron Technology had a negative return on equity of 4.01% and a negative net margin of 7.20%. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter last year, the business earned ($1.57) EPS. The company’s quarterly revenue was up 81.5% compared to the same quarter last year. Sell-side analysts predict that Micron Technology, Inc. will post 0.58 EPS for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Monday, July 8th will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Monday, July 8th. Micron Technology’s payout ratio is presently -32.39%.

Micron Technology Company 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.