Assenagon Asset Administration S.A. lessened its stake in Micron Know-how, Inc. (NASDAQ:MU – Free Report) by 17.8% in the course of the third quarter, based on the corporate in its most up-to-date 13F submitting with the SEC. The institutional investor owned 43,922 shares of the semiconductor producer’s inventory after promoting 9,480 shares in the course of the quarter. Assenagon Asset Administration S.A.’s holdings in Micron Know-how have been price $4,555,000 as of its most up-to-date submitting with the SEC.
A number of different massive traders have additionally modified their holdings of MU. Hobbs Group Advisors LLC acquired a brand new place in Micron Know-how within the second quarter price $28,000. DecisionPoint Monetary LLC acquired a brand new stake in Micron Know-how in the course of the first quarter price about $25,000. Richard W. Paul & Associates LLC lifted its holdings in Micron Know-how by 128.6% within the second quarter. Richard W. Paul & Associates LLC now owns 256 shares of the semiconductor producer’s inventory price $34,000 after buying an extra 144 shares over the last quarter. LRI Investments LLC grew its holdings in shares of Micron Know-how by 57.2% in the course of the second quarter. LRI Investments LLC now owns 272 shares of the semiconductor producer’s inventory valued at $36,000 after buying an extra 99 shares over the last quarter. Lastly, Davis Capital Administration acquired a brand new stake in shares of Micron Know-how in the course of the third quarter price roughly $30,000. Institutional traders personal 80.84% of the corporate’s inventory.
Insider Shopping for and Promoting
In different information, EVP April S. Arnzen offered 4,890 shares of the corporate’s inventory in a transaction dated Thursday, September twenty sixth. The inventory was offered at a median worth of $113.00, for a complete worth of $552,570.00. Following the completion of the transaction, the chief vice chairman now instantly owns 135,830 shares within the firm, valued at roughly $15,348,790. This represents a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which will be accessed by way of this hyperlink. 0.32% of the inventory is owned by firm insiders.
Micron Know-how Worth Efficiency
Shares of MU opened at $108.18 on Wednesday. The enterprise has a 50-day shifting common of $99.18 and a 200-day shifting common of $113.58. Micron Know-how, Inc. has a 1 12 months low of $65.17 and a 1 12 months excessive of $157.54. The corporate has a market capitalization of $119.95 billion, a price-to-earnings ratio of -76.18 and a beta of 1.18. The corporate has a debt-to-equity ratio of 0.29, a present ratio of two.64 and a fast ratio of 1.68.
Micron Know-how (NASDAQ:MU – Get Free Report) final introduced its earnings outcomes on Wednesday, September twenty fifth. The semiconductor producer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.21. The corporate had income of $7.75 billion for the quarter, in comparison with analysts’ expectations of $7.65 billion. Micron Know-how had a return on fairness of 1.58% and a web margin of three.10%. Micron Know-how’s quarterly income was up 93.3% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the agency earned ($1.21) earnings per share. As a bunch, equities analysis analysts anticipate that Micron Know-how, Inc. will put up 8.31 earnings per share for the present 12 months.
Micron Know-how Publicizes Dividend
The enterprise additionally just lately declared a quarterly dividend, which was paid on Wednesday, October twenty third. Stockholders of report on Monday, October seventh got a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, October seventh. Micron Know-how’s dividend payout ratio (DPR) is presently -32.39%.
Analysts Set New Worth Targets
A number of brokerages have weighed in on MU. TD Cowen elevated their goal worth on Micron Know-how from $115.00 to $135.00 and gave the inventory a “purchase” score in a analysis report on Thursday, September twenty sixth. Raymond James lifted their worth goal on shares of Micron Know-how from $125.00 to $140.00 and gave the corporate an “outperform” score in a analysis report on Thursday, September twenty sixth. Financial institution of America elevated their worth goal on Micron Know-how from $110.00 to $125.00 and gave the inventory a “purchase” score in a analysis observe on Thursday, September twenty sixth. Morgan Stanley boosted their goal worth on Micron Know-how from $100.00 to $114.00 and gave the inventory an “equal weight” score in a report on Thursday, September twenty sixth. Lastly, Stifel Nicolaus lowered their worth goal on shares of Micron Know-how from $165.00 to $135.00 and set a “purchase” score on the inventory in a analysis observe on Thursday, September nineteenth. One analysis analyst has rated the inventory with a promote score, two have issued a maintain score and twenty-six have issued a purchase score to the inventory. Based mostly on knowledge from MarketBeat.com, the corporate has a consensus score of “Reasonable Purchase” and a consensus worth goal of $143.04.
Test Out Our Newest Inventory Evaluation on MU
About Micron Know-how
Micron Know-how, Inc designs, develops, manufactures, and sells reminiscence and storage merchandise worldwide. The corporate operates by way of 4 segments: Compute and Networking Enterprise Unit, Cellular Enterprise Unit, Embedded Enterprise Unit, and Storage Enterprise Unit. It offers reminiscence and storage applied sciences comprising dynamic random entry reminiscence semiconductor units with low latency that present high-speed knowledge retrieval; non-volatile and re-writeable semiconductor storage units; and non-volatile re-writable semiconductor reminiscence units that present quick learn speeds below the Micron and Essential manufacturers, in addition to by way of personal labels.
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