Micron Technology, Inc. (NASDAQ:MU) Shares Bought by Himension Capital Singapore PTE. LTD.

Himension Capital Singapore PTE. LTD. grew its position in Micron Technology, Inc. (NASDAQ:MU) by 41.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,595 shares of the semiconductor manufacturer’s stock after acquiring an additional 20,524 shares during the quarter. Micron Technology comprises approximately 0.4% of Himension Capital Singapore PTE. LTD.’s portfolio, making the stock its 25th biggest position. Himension Capital Singapore PTE. LTD.’s holdings in Micron Technology were worth $5,941,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Generali Powszechne Towarzystwo Emerytalne acquired a new position in Micron Technology in the 4th quarter valued at about $7,574,000. MIG Capital LLC purchased a new stake in shares of Micron Technology during the fourth quarter worth approximately $324,000. Russell Investments Group Ltd. raised its stake in shares of Micron Technology by 2.4% during the fourth quarter. Russell Investments Group Ltd. now owns 922,777 shares of the semiconductor manufacturer’s stock worth $77,699,000 after purchasing an additional 21,327 shares during the last quarter. Hurley Capital LLC acquired a new stake in shares of Micron Technology during the fourth quarter worth $37,000. Finally, Perennial Investment Advisors LLC grew its position in Micron Technology by 10.8% in the 4th quarter. Perennial Investment Advisors LLC now owns 2,668 shares of the semiconductor manufacturer’s stock valued at $225,000 after buying an additional 260 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $92.93, for a total transaction of $223,403.72. Following the completion of the sale, the director now owns 27,358 shares of the company’s stock, valued at approximately $2,542,378.94. This represents a 8.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the completion of the transaction, the executive vice president now owns 164,769 shares in the company, valued at $15,847,482.42. The trade was a 8.34 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MU. UBS Group raised their target price on shares of Micron Technology from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Barclays lifted their price objective on Micron Technology from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Sanford C. Bernstein cut their target price on Micron Technology from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. TD Cowen decreased their price target on Micron Technology from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, China Renaissance cut Micron Technology from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.76.

Micron Technology Price Performance

Micron Technology stock opened at $64.72 on Friday. The stock has a market capitalization of $72.33 billion, a P/E ratio of 18.65 and a beta of 1.23. Micron Technology, Inc. has a 12-month low of $63.86 and a 12-month high of $157.54. 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 firm’s 50-day moving average is $93.42 and its two-hundred day moving average is $98.16.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.13. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The company had revenue of $8.05 billion during the quarter, compared to the consensus estimate of $7.93 billion. During the same period in the previous year, the firm posted $0.42 EPS. Micron Technology’s revenue was up 38.2% on a year-over-year basis. Equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Monday, March 31st. Micron Technology’s dividend payout ratio (DPR) is 11.03%.

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.