Micron Technology, Inc. (NASDAQ:MU - Get Free Report) CEO Sanjay Mehrotra sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $122.09, for a total value of $854,630.00. Following the sale, the chief executive officer now owns 743,557 shares of the company's stock, valued at approximately $90,780,874.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sanjay Mehrotra also recently made the following trade(s):
- On Thursday, April 4th, Sanjay Mehrotra sold 45,000 shares of Micron Technology stock. The stock was sold at an average price of $130.00, for a total value of $5,850,000.00.
- On Monday, March 25th, Sanjay Mehrotra sold 45,000 shares of Micron Technology stock. The stock was sold at an average price of $120.00, for a total value of $5,400,000.00.
- On Thursday, March 21st, Sanjay Mehrotra sold 45,000 shares of Micron Technology stock. The shares were sold at an average price of $113.38, for a total value of $5,102,100.00.
- On Tuesday, March 19th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The shares were sold at an average price of $93.08, for a total value of $651,560.00.
- On Tuesday, March 12th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The shares were sold at an average price of $95.64, for a total value of $669,480.00.
- On Friday, March 8th, Sanjay Mehrotra sold 45,000 shares of Micron Technology stock. The shares were sold at an average price of $100.00, for a total value of $4,500,000.00.
- On Tuesday, March 5th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The stock was sold at an average price of $94.26, for a total value of $659,820.00.
- On Tuesday, February 27th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The stock was sold at an average price of $91.54, for a total value of $640,780.00.
- On Wednesday, February 21st, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The stock was sold at an average price of $80.44, for a total value of $563,080.00.
- On Tuesday, February 13th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The stock was sold at an average price of $82.03, for a total value of $574,210.00.
Micron Technology Price Performance
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MU stock opened at $124.09 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.40 and a current ratio of 3.74. Micron Technology, Inc. has a 52-week low of $56.01 and a 52-week high of $130.54. The stock's 50 day moving average is $94.83 and its two-hundred day moving average is $82.45.
Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.69. Micron Technology had a negative return on equity of 8.98% and a negative net margin of 20.57%. The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the previous year, the business earned ($2.03) EPS. Micron Technology's revenue for the quarter was up 57.7% compared to the same quarter last year. On average, analysts predict that Micron Technology, Inc. will post 0.24 EPS for the current fiscal year.
Micron Technology Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Monday, April 1st will be issued a $0.115 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.37%. Micron Technology's dividend payout ratio (DPR) is -13.33%.
Institutional Investors Weigh In On Micron Technology
A number of institutional investors have recently made changes to their positions in the company. Timber Creek Capital Management LLC increased its holdings in shares of Micron Technology by 1.5% in the 1st quarter. Timber Creek Capital Management LLC now owns 49,583 shares of the semiconductor manufacturer's stock valued at $5,845,000 after acquiring an additional 747 shares during the last quarter. Appleton Partners Inc. MA increased its holdings in shares of Micron Technology by 23.0% in the 1st quarter. Appleton Partners Inc. MA now owns 147,998 shares of the semiconductor manufacturer's stock valued at $17,448,000 after acquiring an additional 27,654 shares during the last quarter. HighPoint Advisor Group LLC acquired a new position in Micron Technology during the 4th quarter valued at approximately $1,350,000. Napatree Capital LLC acquired a new position in Micron Technology during the 4th quarter valued at approximately $684,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Micron Technology during the 4th quarter valued at approximately $137,941,000. 80.84% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on MU shares. Fox Advisors raised Micron Technology from an "equal weight" rating to an "overweight" rating in a report on Thursday, March 21st. StockNews.com upgraded Micron Technology from a "sell" rating to a "hold" rating in a research report on Friday, March 22nd. KeyCorp raised their price target on Micron Technology from $115.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. The Goldman Sachs Group raised their price target on Micron Technology from $85.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, December 21st. Finally, Morgan Stanley lifted their price objective on Micron Technology from $78.00 to $98.00 and gave the company an "underweight" rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.62.
View Our Latest Research Report on Micron Technology
Micron Technology Company Profile
(
Get Free Report)
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.
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