Micron Expertise, Inc. (NASDAQ:MU) Holdings Raised by Wealth Enhancement Advisory Companies LLC


Wealth Enhancement Advisory Companies LLC raised its stake in shares of Micron Expertise, Inc. (NASDAQ:MU – Free Report) by 13.6% within the first quarter, in response to its most up-to-date 13F submitting with the Securities & Alternate Fee. The agency owned 76,479 shares of the semiconductor producer’s inventory after shopping for a further 9,179 shares through the interval. Wealth Enhancement Advisory Companies LLC’s holdings in Micron Expertise had been price $9,016,000 as of its most up-to-date SEC submitting.

A number of different institutional buyers and hedge funds have additionally modified their holdings of MU. TCW Group Inc. lifted its stake in Micron Expertise by 5.7% within the fourth quarter. TCW Group Inc. now owns 531,637 shares of the semiconductor producer’s inventory valued at $45,383,000 after buying a further 28,649 shares over the last quarter. Gulf Worldwide Financial institution UK Ltd lifted its stake in shares of Micron Expertise by 6.3% within the 1st quarter. Gulf Worldwide Financial institution UK Ltd now owns 99,839 shares of the semiconductor producer’s inventory valued at $11,770,000 after buying a further 5,958 shares over the last quarter. Savoie Capital LLC acquired a brand new stake in shares of Micron Expertise within the third quarter valued at $4,229,000. TrinityPoint Wealth LLC boosted its holdings in Micron Expertise by 33.9% within the fourth quarter. TrinityPoint Wealth LLC now owns 34,540 shares of the semiconductor producer’s inventory price $2,948,000 after buying a further 8,736 shares within the final quarter. Lastly, Kingswood Wealth Advisors LLC elevated its place in Micron Expertise by 176.9% through the fourth quarter. Kingswood Wealth Advisors LLC now owns 15,802 shares of the semiconductor producer’s inventory price $1,349,000 after shopping for a further 10,096 shares over the last quarter. 80.84% of the inventory is presently owned by hedge funds and different institutional buyers.

Insider Exercise

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

Micron Expertise Inventory Down 0.5 %

Shares of NASDAQ:MU opened at $131.53 on Friday. The corporate has a fast ratio of two.40, a present ratio of three.41 and a debt-to-equity ratio of 0.29. The agency has a market cap of $145.65 billion, a P/E ratio of -92.63 and a beta of 1.21. Micron Expertise, Inc. has a 12 month low of $60.50 and a 12 month excessive of $157.54. The corporate’s 50-day shifting common worth is $128.07 and its two-hundred day shifting common worth is $106.28.

Micron Expertise (NASDAQ:MU – Get Free Report) final launched its quarterly earnings outcomes on Wednesday, June twenty sixth. The semiconductor producer reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. Micron Expertise had a unfavourable web margin of seven.20% and a unfavourable return on fairness of 4.01%. The enterprise had income of $6.81 billion for the quarter, in comparison with analysts’ expectations of $6.67 billion. Throughout the identical interval within the prior 12 months, the agency earned ($1.57) earnings per share. Micron Expertise’s income was up 81.5% in comparison with the identical quarter final 12 months. As a gaggle, analysis analysts forecast that Micron Expertise, Inc. will put up 0.36 EPS for the present fiscal 12 months.

Micron Expertise Publicizes Dividend

The corporate additionally not too long ago introduced a quarterly dividend, which might be paid on Tuesday, July twenty third. Stockholders of document on Monday, July eighth might be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, July eighth. This represents a $0.46 dividend on an annualized foundation and a dividend yield of 0.35%. Micron Expertise’s payout ratio is presently -32.39%.

Wall Avenue Analyst Weigh In

MU has been the topic of a number of current analyst stories. Raymond James upped their worth goal on Micron Expertise from $130.00 to $160.00 and gave the inventory an “outperform” ranking in a analysis notice on Friday, June twenty first. Rosenblatt Securities reaffirmed a “purchase” ranking and set a $225.00 goal worth on shares of Micron Expertise in a analysis report on Tuesday, June twenty fifth. Cantor Fitzgerald lifted their worth goal on shares of Micron Expertise from $150.00 to $180.00 and gave the corporate an “chubby” ranking in a analysis report on Monday, June seventeenth. Wolfe Analysis upped their worth goal on shares of Micron Expertise from $150.00 to $200.00 and gave the inventory an “outperform” ranking in a report on Friday, June twenty first. Lastly, Argus upgraded shares of Micron Expertise from a “maintain” ranking to a “purchase” ranking and set a $140.00 goal worth on the inventory in a report on Thursday, March twenty first. Two funding analysts have rated the inventory with a maintain ranking and twenty-five have issued a purchase ranking to the corporate. Primarily based on information from MarketBeat, the corporate presently has a consensus ranking of “Reasonable Purchase” and a consensus goal worth of $158.52.

View Our Newest Inventory Evaluation on Micron Expertise

Micron Expertise Firm Profile

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

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



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