Cerity Partners LLC holds a $1.03 million stake in Micron Technology, Inc. (NASDAQ: MU)
Cerity Partners LLC reduced its holdings of Micron Technology, Inc. (NASDAQ: MU – Get Rating) stock by 14.7% in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). . The company held 13,266 shares of the semiconductor maker after selling 2,281 shares during the quarter. Cerity Partners LLC’s holdings in Micron Technology were worth $1,034,000 at the end of last quarter.
Several other large investors also changed their holdings in UM. Ritholtz Wealth Management increased its holdings in Micron Technology by 3.0% during the first quarter. Ritholtz Wealth Management now owns 6,520 shares of the semiconductor maker valued at $508,000 after buying 187 additional shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in Micron Technology by 6.7% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,583 shares of the semiconductor maker valued at $243,000 after buying an additional 162 shares last quarter. Cooper Financial Group increased its stake in Micron Technology by 18.4% in the first quarter. Cooper Financial Group now owns 2,922 shares of the semiconductor maker valued at $228,000 after buying an additional 454 shares last quarter. Kestra Private Wealth Services LLC raised its position in Micron Technology shares by 5.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 27,954 shares of the semiconductor maker worth $2,604,000 after buying an additional 1,374 shares last quarter. Finally, Mather Group LLC. raised its position in Micron Technology shares by 6.5% in the fourth quarter. Mather Group LLC. now owns 3,728 shares of the semiconductor maker worth $347,000 after buying 226 more shares last quarter. Institutional investors hold 80.35% of the company’s shares.
Several research companies have published reports on UM. Needham & Company LLC lowered its price target on Micron Technology shares from $80.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday July 1. Cowen lowered his price target on Micron Technology stock from $90.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 1. Barclays lowered its price target on Micron Technology shares from $105.00 to $75.00 and set an “overweight” rating on the stock in a Tuesday, June 28 research report. Wedbush lowered its price target on Micron Technology shares from $120.00 to $85.00 and set an “outperform” rating on the stock in a Friday, July 1 research report. Finally, Raymond James lowered his price target on Micron Technology shares from $115.00 to $72.00 and set a “strong buy” rating on the stock in a Friday, July 1, report. One equity research analyst rated the stock with a sell rating, five issued a hold rating, twenty-one gave the stock a buy rating and one gave the stock a strong buy rating. society. Based on data from MarketBeat.com, Micron Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.42.
MU stock opened at $59.14 on Monday. The stock has a market capitalization of $65.24 billion, a P/E ratio of 6.74, a price-to-earnings growth ratio of 0.53 and a beta of 1.28. The company has a current ratio of 3.24, a quick ratio of 2.44 and a debt ratio of 0.14. Micron Technology, Inc. has a 12-month low of $51.40 and a 12-month high of $98.45. The company has a 50-day moving average price of $64.91 and a 200-day moving average price of $76.53.
Micron Technology (NASDAQ:MU – Get Rating) last released quarterly earnings data on Thursday, June 30. The semiconductor maker reported earnings per share (EPS) of $2.59 for the quarter, beating consensus analyst estimates of $2.34 by $0.25. The company posted revenue of $8.64 billion in the quarter, versus analyst estimates of $8.66 billion. Micron Technology achieved a net margin of 30.61% and a return on equity of 21.91%. The company’s quarterly revenue increased 16.4% year over year. In the same quarter last year, the company achieved EPS of $1.81. As a group, stock analysts predict Micron Technology, Inc. will post an EPS of 8.23 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 26. Shareholders of record on Monday, July 11 will receive a dividend of $0.115 per share. This represents a dividend of $0.46 on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, July 8. This is an increase from Micron Technology’s previous quarterly dividend of $0.10. Micron Technology’s dividend payout ratio is currently 4.56%.
Micron Technology Company Profile (Get a rating)
Micron Technology, Inc designs, manufactures and sells memory and storage products worldwide. The Company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit and Embedded Business Unit. It provides memory and storage technologies including DRAM products, which are low-latency dynamic random access memory (DRAM) semiconductor devices that enable high-speed data retrieval; NAND products that are non-volatile, rewritable semiconductor storage devices; and NOR memory products, which are non-volatile rewritable semiconductor memory devices that offer fast read speeds under the Micron and Crucial brands, as well as through private labels.
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