Rothschild Investment LLC Invests $228,000 in Micron Technology, Inc. (NASDAQ:MU)

Rothschild Investment LLC bought a new position in Micron Technology, Inc. (NASDAQ:MU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,731 shares of the semiconductor manufacturer’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tidemark LLC acquired a new stake in shares of Micron Technology in the fourth quarter worth $25,000. DecisionPoint Financial LLC acquired a new stake in Micron Technology in the 1st quarter valued at $25,000. Pingora Partners LLC purchased a new position in Micron Technology in the fourth quarter valued at about $26,000. Hobbs Group Advisors LLC acquired a new position in shares of Micron Technology during the second quarter worth about $28,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Micron Technology in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 7,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $134.57, for a total value of $941,990.00. Following the completion of the transaction, the chief executive officer now owns 719,049 shares in the company, valued at approximately $96,762,423.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Micron Technology news, CEO Sanjay Mehrotra sold 7,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $134.57, for a total transaction of $941,990.00. Following the completion of the transaction, the chief executive officer now owns 719,049 shares in the company, valued at approximately $96,762,423.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $135.86, for a total value of $664,355.40. Following the completion of the transaction, the executive vice president now directly owns 142,321 shares of the company’s stock, valued at approximately $19,335,731.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,174 shares of company stock valued at $6,827,113. 0.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Raymond James raised their target price on Micron Technology from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Stifel Nicolaus boosted their target price on shares of Micron Technology from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. UBS Group lowered their price target on shares of Micron Technology from $155.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, June 27th. Susquehanna cut their price objective on shares of Micron Technology from $185.00 to $175.00 and set a “positive” rating on the stock in a report on Thursday, August 22nd. Finally, Bank of America raised their target price on Micron Technology from $144.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $157.12.

Micron Technology Trading Up 0.7 %

NASDAQ MU opened at $96.24 on Tuesday. The firm has a market capitalization of $106.71 billion, a PE ratio of -67.77 and a beta of 1.18. Micron Technology, Inc. has a one year low of $63.83 and a one year high of $157.54. The company has a 50-day simple moving average of $112.60 and a 200-day simple moving average of $114.81. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.16 and a current ratio of 3.41.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, June 26th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.48 by $0.14. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.67 billion. Micron Technology had a negative return on equity of 4.01% and a negative net margin of 7.20%. The business’s revenue was up 81.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.57) earnings per share. On average, equities analysts forecast that Micron Technology, Inc. will post 0.58 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Monday, July 8th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Monday, July 8th. Micron Technology’s payout ratio is -32.39%.

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.