Janney Montgomery Scott LLC Boosts Stake in Micron Know-how, Inc. (NASDAQ:MU)


Janney Montgomery Scott LLC raised its place in shares of Micron Know-how, Inc. (NASDAQ:MU – Free Report) by 8.0% within the 1st quarter, based on its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The institutional investor owned 109,138 shares of the semiconductor producer’s inventory after shopping for an extra 8,065 shares in the course of the quarter. Janney Montgomery Scott LLC’s holdings in Micron Know-how had been value $12,866,000 as of its most up-to-date SEC submitting.

Plenty of different massive buyers have additionally added to or decreased their stakes in MU. Vanguard Group Inc. grew its holdings in Micron Know-how by 0.8% in the course of the 4th quarter. Vanguard Group Inc. now owns 94,984,775 shares of the semiconductor producer’s inventory valued at $8,106,001,000 after buying an extra 755,588 shares over the past quarter. Sanders Capital LLC raised its holdings in shares of Micron Know-how by 2.3% within the fourth quarter. Sanders Capital LLC now owns 22,583,348 shares of the semiconductor producer’s inventory value $1,927,263,000 after shopping for an extra 503,923 shares in the course of the interval. Wellington Administration Group LLP lifted its stake in shares of Micron Know-how by 43.4% in the course of the third quarter. Wellington Administration Group LLP now owns 17,383,628 shares of the semiconductor producer’s inventory value $1,182,608,000 after buying an extra 5,257,201 shares over the past quarter. Capital Worldwide Traders boosted its holdings in Micron Know-how by 2.3% in the course of the 4th quarter. Capital Worldwide Traders now owns 15,905,621 shares of the semiconductor producer’s inventory valued at $1,357,392,000 after buying an extra 363,902 shares in the course of the interval. Lastly, Norges Financial institution purchased a brand new place in Micron Know-how within the 4th quarter valued at $769,372,000. Institutional buyers personal 80.84% of the corporate’s inventory.

Wall Road Analysts Forecast Development

A number of analysts have not too long ago weighed in on MU shares. Susquehanna lifted their goal value on Micron Know-how from $143.00 to $185.00 and gave the inventory a “optimistic” ranking in a analysis report on Monday, June seventeenth. StockNews.com raised shares of Micron Know-how from a “promote” ranking to a “maintain” ranking in a analysis report on Friday, March twenty second. Cantor Fitzgerald raised their goal value on shares of Micron Know-how from $150.00 to $180.00 and gave the inventory an “chubby” ranking in a analysis report on Monday, June seventeenth. Financial institution of America boosted their value goal on Micron Know-how from $144.00 to $170.00 and gave the corporate a “purchase” ranking in a report on Monday, June seventeenth. Lastly, Morgan Stanley raised their value goal on Micron Know-how from $130.00 to $140.00 and gave the inventory an “equal weight” ranking in a report on Monday, June twenty fourth. Two funding analysts have rated the inventory with a maintain ranking and twenty-five have assigned a purchase ranking to the corporate. In accordance with information from MarketBeat.com, the corporate has a consensus ranking of “Average Purchase” and a consensus goal value of $158.52.

View Our Newest Evaluation on MU

Insiders Place Their Bets

In associated information, EVP April S. Arnzen bought 4,890 shares of the inventory in a transaction that occurred on Thursday, June twenty seventh. The shares had been bought at a mean value of $135.86, for a complete worth of $664,355.40. Following the transaction, the chief vp now owns 142,321 shares within the firm, valued at roughly $19,335,731.06. The sale was disclosed in a submitting with the SEC, which is accessible by this hyperlink. In different Micron Know-how information, EVP April S. Arnzen bought 4,890 shares of the corporate’s inventory in a transaction on Thursday, June twenty seventh. The shares had been bought at a mean value of $135.86, for a complete worth of $664,355.40. Following the sale, the chief vp now straight owns 142,321 shares of the corporate’s inventory, valued at $19,335,731.06. The transaction was disclosed in a submitting with the SEC, which is accessible by the SEC web site. Additionally, CEO Sanjay Mehrotra bought 34,284 shares of Micron Know-how inventory in a transaction dated Tuesday, June 18th. The shares had been bought at a mean value of $152.28, for a complete worth of $5,220,767.52. Following the transaction, the chief govt officer now owns 719,049 shares of the corporate’s inventory, valued at roughly $109,496,781.72. The disclosure for this sale may be discovered right here. Within the final 90 days, insiders bought 257,730 shares of firm inventory valued at $31,921,649. 0.32% of the inventory is owned by firm insiders.

Micron Know-how Inventory Efficiency

Shares of MU inventory opened at $131.60 on Monday. Micron Know-how, Inc. has a fifty-two week low of $60.50 and a fifty-two week excessive of $157.54. The corporate has a debt-to-equity ratio of 0.29, a fast ratio of two.16 and a present ratio of three.41. The inventory’s 50-day easy shifting common is $130.26 and its 200-day easy shifting common is $108.32.

Micron Know-how (NASDAQ:MU – Get Free Report) final launched its earnings outcomes on Wednesday, June twenty sixth. The semiconductor producer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.14. The corporate had income of $6.81 billion for the quarter, in comparison with the consensus estimate of $6.67 billion. Micron Know-how had a damaging web margin of seven.20% and a damaging return on fairness of 4.01%. Micron Know-how’s income was up 81.5% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the agency earned ($1.57) EPS. As a gaggle, sell-side analysts forecast that Micron Know-how, Inc. will submit 0.58 EPS for the present yr.

Micron Know-how Publicizes Dividend

The corporate additionally not too long ago introduced a quarterly dividend, which can be paid on Tuesday, July twenty third. Traders of file on Monday, July eighth can be paid a $0.115 dividend. The ex-dividend date is Monday, July eighth. This represents a $0.46 dividend on an annualized foundation and a yield of 0.35%. Micron Know-how’s dividend payout ratio (DPR) is -32.39%.

Micron Know-how Profile

(Free Report)

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

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



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