Aaron Wealth Advisors LLC Purchases 3,300 Shares of Micron Technology, Inc. $MU

Aaron Wealth Advisors LLC raised its position in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 31.0% in the fourth quarter, Holdings Channel reports. The fund owned 13,953 shares of the semiconductor manufacturer’s stock after buying an additional 3,300 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Micron Technology were worth $3,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MU. Elevation Wealth Partners LLC raised its position in shares of Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. Noble Wealth Management PBC acquired a new position in shares of Micron Technology during the fourth quarter valued at about $40,000. REAP Financial Group LLC acquired a new position in shares of Micron Technology during the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Micron Technology during the third quarter valued at about $27,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of 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 during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on MU shares. The Goldman Sachs Group upped their price objective on shares of Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Mizuho upped their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Cantor Fitzgerald upped their price objective on shares of Micron Technology from $450.00 to $700.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Finally, Barclays upped their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $463.71.

Get Our Latest Stock Analysis on Micron Technology

Micron Technology News Roundup

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

Micron Technology Stock Performance

NASDAQ:MU opened at $377.76 on Tuesday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $471.34. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $426.01 billion, a PE ratio of 17.84 and a beta of 1.60. The firm has a 50-day moving average price of $402.88 and a 200 day moving average price of $302.37.

Micron Technology Increases Dividend

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

Insider Buying and Selling at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the transaction, the executive vice president owned 125,737 shares of the company’s stock, valued at $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Manish H. Bhatia sold 26,623 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the sale, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders bought 23,200 shares of company stock worth $7,821,723 and sold 91,623 shares worth $35,053,508. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Company Profile

(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.

See Also

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MUFree Report).

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

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