Fidelis Capital Partners LLC Has $1.53 Million Holdings in Micron Technology, Inc. (NASDAQ:MU)

Fidelis Capital Partners LLC boosted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,536 shares of the semiconductor manufacturer’s stock after acquiring an additional 340 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Micron Technology were worth $1,527,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hobbs Group Advisors LLC bought a new stake in shares of Micron Technology during the second quarter worth about $28,000. DecisionPoint Financial LLC bought a new stake in shares of Micron Technology during the first quarter worth about $25,000. Richard W. Paul & Associates LLC grew its holdings in shares of Micron Technology by 128.6% during the second quarter. Richard W. Paul & Associates LLC now owns 256 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 144 shares during the last quarter. LRI Investments LLC grew its holdings in shares of Micron Technology by 57.2% during the second quarter. LRI Investments LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 99 shares during the last quarter. Finally, Davis Capital Management bought a new stake in shares of Micron Technology during the third quarter worth about $30,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP April S. Arnzen sold 4,890 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $113.00, for a total transaction of $552,570.00. Following the completion of the sale, the executive vice president now owns 135,830 shares in the company, valued at approximately $15,348,790. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MU. Wedbush restated an “outperform” rating and set a $140.00 price target on shares of Micron Technology in a report on Thursday, September 26th. Raymond James boosted their price target on Micron Technology from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. TD Cowen lifted their price objective on Micron Technology from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Stifel Nicolaus cut their price objective on Micron Technology from $165.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, September 19th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $150.00 price objective on shares of Micron Technology in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of “Moderate Buy” and an average target price of $143.04.

Micron Technology Trading Up 1.7 %

NASDAQ MU opened at $108.18 on Wednesday. The company has a market cap of $119.95 billion, a price-to-earnings ratio of -76.18 and a beta of 1.18. Micron Technology, Inc. has a 52 week low of $65.17 and a 52 week high of $157.54. The business has a 50 day moving average price of $99.18 and a 200-day moving average price of $113.58. The company has a quick ratio of 1.68, a current ratio of 2.64 and a debt-to-equity ratio of 0.29.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.97 by $0.21. The firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.65 billion. Micron Technology had a return on equity of 1.58% and a net margin of 3.10%. The company’s quarterly revenue was up 93.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.21) earnings per share. As a group, equities analysts expect that Micron Technology, Inc. will post 8.31 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.46 annualized dividend and a yield of 0.43%. Micron Technology’s dividend payout ratio (DPR) is currently -32.39%.

About Micron Technology

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.