Calton & Associates Inc. purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Get Rating) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,217 shares of the semiconductor manufacturer’s stock, valued at approximately $211,000.
A number of other large investors have also bought and sold shares of the business. Washington Trust Advisors Inc. boosted its position in shares of Micron Technology by 59.2% in the 3rd quarter. Washington Trust Advisors Inc. now owns 551 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Sound Income Strategies LLC raised its stake in Micron Technology by 207.0% during the 3rd quarter. Sound Income Strategies LLC now owns 706 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 476 shares during the period. Financial Management Professionals Inc. raised its stake in Micron Technology by 44.7% during the 3rd quarter. Financial Management Professionals Inc. now owns 689 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 213 shares during the period. GHP Investment Advisors Inc. acquired a new stake in Micron Technology during the 3rd quarter worth $40,000. Finally, FinTrust Capital Advisors LLC raised its stake in shares of Micron Technology by 58.0% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 790 shares of the semiconductor manufacturer’s stock valued at $42,000 after purchasing an additional 290 shares during the period. 78.02% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently commented on MU. Deutsche Bank Aktiengesellschaft cut Micron Technology from a “buy” rating to a “hold” rating and reduced their price target for the stock from $60.00 to $55.00 in a report on Monday, December 12th. StockNews.com began coverage on Micron Technology in a report on Thursday, March 16th. They set a “hold” rating for the company. Argus cut Micron Technology from a “buy” rating to a “hold” rating in a report on Friday, December 30th. Credit Suisse Group set a $66.00 price target on Micron Technology in a report on Tuesday, January 3rd. Finally, Cowen reduced their price objective on Micron Technology from $70.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday, December 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.26.
Micron Technology Trading Down 0.3 %
Insiders Place Their Bets
In other news, EVP Scott J. Deboer sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $53.40, for a total transaction of $1,068,000.00. Following the completion of the transaction, the executive vice president now directly owns 228,340 shares of the company’s stock, valued at $12,193,356. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Robert P. Beard sold 3,000 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $61.25, for a total transaction of $183,750.00. Following the completion of the transaction, the senior vice president now owns 42,840 shares in the company, valued at $2,623,950. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott J. Deboer sold 20,000 shares of the company’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $53.40, for a total transaction of $1,068,000.00. Following the transaction, the executive vice president now owns 228,340 shares of the company’s stock, valued at approximately $12,193,356. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,000 shares of company stock valued at $5,182,190. Insiders own 0.33% of the company’s stock.
About Micron Technology
Micron Technology, Inc engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute & Networking Business Unit (CNBU), Mobile Business Unit (MBU), Storage Business Unit (SBU), and Embedded Business Unit (EBU). The CNBU segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets.
Recommended Stories
- Get a free copy of the StockNews.com research report on Micron Technology (MU)
- These Bitcoin Stocks Have the Most Upside
- MarketBeat Week in Review – 3/20 – 3/24
- Dividend King Genuine Parts Company Upgraded On Profit Guidance
- The Bottom Is In For Accenture
- 11 Best Consumer Discretionary Stocks of 2023
Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.
