Highview Capital Management LLC DE Sells 6,875 Shares of Micron Technology, Inc. (NASDAQ:MU)

Highview Capital Management LLC DE lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 36.5% in the third quarter, Holdings Channel reports. The fund owned 11,978 shares of the semiconductor manufacturer’s stock after selling 6,875 shares during the quarter. Highview Capital Management LLC DE’s holdings in Micron Technology were worth $1,242,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Hobbs Group Advisors LLC purchased a new position in Micron Technology during the second quarter valued at $28,000. DecisionPoint Financial LLC purchased a new position in shares of Micron Technology during the 1st quarter valued at about $25,000. Richard W. Paul & Associates LLC grew its stake in shares of Micron Technology by 128.6% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 256 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 144 shares during the period. LRI Investments LLC increased its holdings in Micron Technology by 57.2% in the 2nd quarter. LRI Investments LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 99 shares in the last quarter. Finally, Davis Capital Management bought a new stake in Micron Technology during the 3rd quarter worth approximately $30,000. Institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several analysts have recently commented on MU shares. Wedbush restated an “outperform” rating and set a $140.00 price objective on shares of Micron Technology in a research report on Thursday, September 26th. Robert W. Baird lowered their price objective on Micron Technology from $172.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, September 27th. BNP Paribas downgraded Micron Technology from an “outperform” rating to an “underperform” rating and decreased their target price for the company from $140.00 to $67.00 in a research note on Thursday, September 12th. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price target on shares of Micron Technology in a report on Thursday, September 26th. Finally, TD Cowen lifted their price objective on shares of Micron Technology from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.04.

Micron Technology Stock Up 1.7 %

Shares of MU opened at $108.18 on Wednesday. Micron Technology, Inc. has a 52-week low of $65.17 and a 52-week high of $157.54. The company has a quick ratio of 1.68, a current ratio of 2.64 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $99.18 and a two-hundred day simple moving average of $113.58. The company has a market capitalization of $119.95 billion, a PE ratio of -76.18 and a beta of 1.18.

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

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were given a $0.115 dividend. 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 payout ratio is -32.39%.

Micron Technology 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.