Comprehensive Financial Planning Inc. PA Buys Shares of 400 Micron Technology, Inc. (NASDAQ:MU)

Comprehensive Financial Planning Inc. PA purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 400 shares of the semiconductor manufacturer’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MU. Valeo Financial Advisors LLC increased its position in Micron Technology by 2.9% during the third quarter. Valeo Financial Advisors LLC now owns 9,589 shares of the semiconductor manufacturer’s stock worth $994,000 after purchasing an additional 272 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Micron Technology by 219.6% in the third quarter. Exchange Traded Concepts LLC now owns 5,290 shares of the semiconductor manufacturer’s stock valued at $549,000 after purchasing an additional 3,635 shares during the period. Webster Bank N. A. boosted its position in Micron Technology by 679.2% in the 3rd quarter. Webster Bank N. A. now owns 826 shares of the semiconductor manufacturer’s stock valued at $86,000 after buying an additional 720 shares during the last quarter. Compagnie Lombard Odier SCmA increased its holdings in Micron Technology by 140.9% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 11,436 shares of the semiconductor manufacturer’s stock worth $1,186,000 after purchasing an additional 6,688 shares during the last quarter. Finally, Oliver Luxxe Assets LLC raised its holdings in Micron Technology by 6.4% in the third quarter. Oliver Luxxe Assets LLC now owns 59,584 shares of the semiconductor manufacturer’s stock valued at $6,179,000 after acquiring an additional 3,610 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $85.21, for a total transaction of $416,676.90. Following the transaction, the executive vice president now owns 181,223 shares in the company, valued at $15,442,011.83. This represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $140.00 target price on shares of Micron Technology in a research report on Tuesday, December 17th. Piper Sandler cut their price target on Micron Technology from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Sanford C. Bernstein decreased their price objective on Micron Technology from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. China Renaissance began coverage on Micron Technology in a research note on Monday, October 28th. They set a “buy” rating and a $148.00 target price on the stock. Finally, Morgan Stanley lowered their price target on Micron Technology from $98.00 to $91.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.96.

Micron Technology Stock Performance

Micron Technology stock opened at $95.93 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75. The company has a market cap of $106.88 billion, a P/E ratio of 27.65 and a beta of 1.18. Micron Technology, Inc. has a fifty-two week low of $79.15 and a fifty-two week high of $157.54. The firm’s 50 day simple moving average is $96.63 and its 200-day simple moving average is $98.96.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.19. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The company had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the previous year, the business earned ($0.95) EPS. The company’s revenue was up 84.3% on a year-over-year basis. As a group, equities research analysts predict that Micron Technology, Inc. will post 6.29 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, December 30th. Micron Technology’s dividend payout ratio (DPR) is 13.26%.

Micron Technology Company Profile

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.