Stratos Wealth Partners LTD. Has $7.09 Million Stock Holdings in Micron Technology, Inc. $MU

Stratos Wealth Partners LTD. grew its holdings in Micron Technology, Inc. (NASDAQ:MUFree Report) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,840 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,784 shares during the period. Stratos Wealth Partners LTD.’s holdings in Micron Technology were worth $7,090,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MU. REAP Financial Group LLC acquired a new stake in shares of Micron Technology in the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Micron Technology in the third quarter worth $27,000. Elevation Wealth Partners LLC increased its position in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 71 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in Micron Technology during the second quarter worth $30,000. Finally, Cullen Frost Bankers Inc. raised its holdings in Micron Technology by 79.3% during the third quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Activity at Micron Technology

In other news, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the transaction, the executive vice president owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Teyin M. Liu bought 11,600 shares of Micron Technology stock in a transaction that occurred on Tuesday, January 13th. The stock was bought at an average price of $337.07 per share, with a total value of $3,910,012.00. Following the purchase, the director owned 14,310 shares of the company’s stock, valued at $4,823,471.70. This trade represents a 428.04% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 93,623 shares worth $35,728,508. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on MU shares. Summit Insights cut Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Raymond James Financial raised their price objective on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Susquehanna boosted their target price on Micron Technology from $345.00 to $525.00 and gave the stock a “positive” rating in a report on Monday, March 9th. Bank of America upped their target price on Micron Technology from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $500.00 price target on shares of Micron Technology in a report on Monday, March 16th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average price target of $463.71.

Check Out Our Latest Report on Micron Technology

Key Micron Technology News

Here are the key news stories impacting Micron Technology this week:

Micron Technology Stock Performance

Shares of MU stock opened at $366.24 on Friday. The firm has a market capitalization of $413.02 billion, a P/E ratio of 17.29 and a beta of 1.60. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $471.34. The firm’s fifty day simple moving average is $403.11 and its 200 day simple moving average is $299.91. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13.

Micron Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be given a $0.15 dividend. The ex-dividend date is Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.2%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is 2.83%.

About Micron Technology

(Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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