Micron Expertise, Inc. (NASDAQ:MU) Place Trimmed by Brookstone Capital Administration


Brookstone Capital Administration decreased its holdings in Micron Expertise, Inc. (NASDAQ:MU – Free Report) by 5.2% through the first quarter, in response to its most up-to-date submitting with the Securities and Change Fee (SEC). The agency owned 11,267 shares of the semiconductor producer’s inventory after promoting 614 shares through the interval. Brookstone Capital Administration’s holdings in Micron Expertise had been price $1,328,000 as of its most up-to-date SEC submitting.

Numerous different hedge funds have additionally made adjustments to their positions in MU. Tidemark LLC acquired a brand new place in Micron Expertise within the 4th quarter price about $25,000. Pingora Companions LLC purchased a brand new place in Micron Expertise through the fourth quarter valued at roughly $26,000. Riverview Belief Co acquired a brand new stake in Micron Expertise within the first quarter valued at roughly $39,000. Frank Rimerman Advisors LLC acquired a brand new stake in Micron Expertise within the fourth quarter valued at roughly $29,000. Lastly, VisionPoint Advisory Group LLC grew its place in Micron Expertise by 68.3% within the third quarter. VisionPoint Advisory Group LLC now owns 488 shares of the semiconductor producer’s inventory price $33,000 after buying an extra 198 shares within the final quarter. 80.84% of the inventory is owned by hedge funds and different institutional traders.

Wall Avenue Analyst Weigh In

A number of equities analysts have commented on MU shares. Mizuho elevated their goal value on shares of Micron Expertise from $150.00 to $155.00 and gave the inventory a “purchase” ranking in a analysis report on Friday, Might thirty first. Robert W. Baird boosted their goal value on Micron Expertise from $150.00 to $172.00 and gave the inventory an “outperform” ranking in a report on Monday, June twenty fourth. Wolfe Analysis lifted their value goal on shares of Micron Expertise from $150.00 to $200.00 and gave the corporate an “outperform” ranking in a analysis report on Friday, June twenty first. Susquehanna upped their value goal on shares of Micron Expertise from $143.00 to $185.00 and gave the inventory a “optimistic” ranking in a report on Monday, June seventeenth. Lastly, StockNews.com upgraded shares of Micron Expertise from a “promote” ranking to a “maintain” ranking in a report on Friday, March twenty second. Two analysis analysts have rated the inventory with a maintain ranking and twenty-five have issued a purchase ranking to the corporate. Based mostly on knowledge from MarketBeat, the corporate presently has a consensus ranking of “Reasonable Purchase” and a consensus value goal of $158.52.

View Our Newest Evaluation on MU

Micron Expertise Inventory Down 0.5 %

MU opened at $131.53 on Friday. The agency has a market cap of $145.65 billion, a price-to-earnings ratio of -92.63 and a beta of 1.21. The corporate has a debt-to-equity ratio of 0.30, a fast ratio of two.40 and a present ratio of three.74. The agency’s 50-day easy shifting common is $128.07 and its 200-day easy shifting common is $106.08. Micron Expertise, Inc. has a twelve month low of $60.50 and a twelve month excessive of $157.54.

Micron Expertise (NASDAQ:MU – Get Free Report) final issued its quarterly earnings knowledge on Wednesday, June twenty sixth. The semiconductor producer reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The agency had income of $6.81 billion for the quarter, in comparison with analysts’ expectations of $6.67 billion. Micron Expertise had a unfavorable internet margin of seven.20% and a unfavorable return on fairness of 4.03%. The corporate’s quarterly income was up 81.5% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the agency earned ($1.57) earnings per share. Equities analysis analysts anticipate that Micron Expertise, Inc. will submit 0.35 EPS for the present fiscal yr.

Micron Expertise Dividend Announcement

The agency additionally lately introduced a quarterly dividend, which might be paid on Tuesday, July twenty third. Stockholders of document on Monday, July eighth might be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Monday, July eighth. Micron Expertise’s payout ratio is presently -32.39%.

Insider Exercise

In different Micron Expertise information, CEO Sanjay Mehrotra offered 7,000 shares of the inventory in a transaction dated Tuesday, April 2nd. The shares had been offered at a median value of $122.09, for a complete transaction of $854,630.00. Following the sale, the chief government officer now owns 743,557 shares of the corporate’s inventory, valued at roughly $90,780,874.13. The sale was disclosed in a authorized submitting with the SEC, which might be accessed by way of this hyperlink. In different Micron Expertise information, CEO Sanjay Mehrotra offered 7,000 shares of the corporate’s inventory in a transaction on Tuesday, April 2nd. The inventory was offered at a median value of $122.09, for a complete transaction of $854,630.00. Following the transaction, the chief government officer now owns 743,557 shares of the corporate’s inventory, valued at roughly $90,780,874.13. The transaction was disclosed in a doc filed with the SEC, which might be accessed by way of this hyperlink. Additionally, EVP Manish H. Bhatia offered 53,317 shares of Micron Expertise inventory in a transaction on Monday, Might sixth. The shares had been offered at a median value of $119.18, for a complete worth of $6,354,320.06. Following the completion of the sale, the manager vp now instantly owns 319,119 shares of the corporate’s inventory, valued at $38,032,602.42. The disclosure for this sale might be discovered right here. During the last ninety days, insiders offered 304,840 shares of firm inventory price $37,961,924. 0.32% of the inventory is owned by company insiders.

Micron Expertise Firm Profile

(Free Report)

Micron Expertise, Inc designs, develops, manufactures, and sells reminiscence and storage merchandise worldwide. The corporate operates by way of 4 segments: Compute and Networking Enterprise Unit, Cell Enterprise Unit, Embedded Enterprise Unit, and Storage Enterprise Unit. It offers reminiscence and storage applied sciences comprising dynamic random entry reminiscence semiconductor units with low latency that present high-speed knowledge retrieval; non-volatile and re-writeable semiconductor storage units; and non-volatile re-writable semiconductor reminiscence units that present quick learn speeds underneath the Micron and Essential manufacturers, in addition to by way of non-public labels.

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



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