Chicago Partners Investment Group LLC Has $5.94 Million Stake in Micron Technology, Inc. $MU

Chicago Partners Investment Group LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,794 shares of the semiconductor manufacturer’s stock after buying an additional 1,130 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Micron Technology were worth $5,935,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Elevation Wealth Partners LLC lifted its stake in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. lifted its stake in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 52 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Micron Technology in the 4th quarter valued at $40,000. Finally, REAP Financial Group LLC acquired a new position in shares of Micron Technology in the 3rd quarter valued at $25,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Down 1.2%

Shares of NASDAQ MU opened at $481.72 on Friday. The stock has a market cap of $543.25 billion, a P/E ratio of 22.74 and a beta of 1.60. The firm has a 50 day moving average price of $412.13 and a 200 day moving average price of $325.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a 52-week low of $73.50 and a 52-week high of $493.62.

Micron Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 30th. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is presently 2.83%.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on 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 transaction, the executive vice president owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 25,000 shares of Micron Technology stock in a transaction that occurred on 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 directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. The trade was a 9.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 89,000 shares of company stock worth $34,755,250. Insiders own 0.24% of the company’s stock.

Key Micron Technology News

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MU. Phillip Securities raised Micron Technology to a “strong-buy” rating in a research note on Monday, February 2nd. KeyCorp increased their price target on Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Stifel Nicolaus boosted their price objective on shares of Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Wells Fargo & Company boosted their price objective on shares of Micron Technology from $470.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Finally, TD Cowen boosted their price objective on shares of Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a report on Monday, March 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Micron Technology has a consensus rating of “Buy” and an average price target of $464.61.

Get Our Latest Stock Report on Micron Technology

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.

See Also

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

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