Micron Technology, Inc. (NASDAQ:MU) Shares Purchased by German American Bancorp Inc.

German American Bancorp Inc. increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 3.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 85,643 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,963 shares during the period. German American Bancorp Inc.’s holdings in Micron Technology were worth $6,079,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Old North State Trust LLC raised its stake in Micron Technology by 91.1% in the third quarter. Old North State Trust LLC now owns 472 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 225 shares in the last quarter. Capital Analysts LLC increased its position in shares of Micron Technology by 38.6% during the third quarter. Capital Analysts LLC now owns 575 shares of the semiconductor manufacturer’s stock worth $41,000 after purchasing an additional 160 shares in the last quarter. JFS Wealth Advisors LLC increased its position in shares of Micron Technology by 2,145.2% during the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the semiconductor manufacturer’s stock worth $49,000 after purchasing an additional 665 shares in the last quarter. JJJ Advisors Inc. grew its holdings in shares of Micron Technology by 173.8% during the third quarter. JJJ Advisors Inc. now owns 783 shares of the semiconductor manufacturer’s stock worth $56,000 after buying an additional 497 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings in shares of Micron Technology by 42.0% during the third quarter. CENTRAL TRUST Co now owns 845 shares of the semiconductor manufacturer’s stock worth $60,000 after buying an additional 250 shares during the last quarter. Institutional investors own 77.38% of the company’s stock.

In related news, SVP Michael W. Bokan sold 20,000 shares of the business’s stock in a transaction dated Tuesday, January 11th. The stock was sold at an average price of $93.83, for a total value of $1,876,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP April S. Arnzen sold 8,300 shares of Micron Technology stock in a transaction dated Monday, December 20th. The shares were sold at an average price of $82.09, for a total value of $681,347.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,300 shares of company stock valued at $3,907,947. Company insiders own 0.32% of the company’s stock.

Micron Technology stock traded down $0.38 during trading hours on Friday, reaching $95.24. 471,789 shares of the stock were exchanged, compared to its average volume of 21,213,668. The company has a market cap of $106.65 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 0.46 and a beta of 1.15. The company has a current ratio of 3.10, a quick ratio of 2.36 and a debt-to-equity ratio of 0.15. Micron Technology, Inc. has a twelve month low of $65.67 and a twelve month high of $98.45. The stock has a 50 day moving average of $86.08 and a two-hundred day moving average of $78.09.

Micron Technology (NASDAQ:MU) last posted its earnings results on Monday, December 20th. The semiconductor manufacturer reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The firm had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Micron Technology had a net margin of 24.86% and a return on equity of 19.01%. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, analysts expect that Micron Technology, Inc. will post 8.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Shareholders of record on Monday, January 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 31st. This represents a $0.40 annualized dividend and a yield of 0.42%. Micron Technology’s payout ratio is 6.17%.

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on Micron Technology from $100.00 to $105.00 in a report on Wednesday. Rosenblatt Securities restated a “buy” rating and set a $165.00 price objective on shares of Micron Technology in a research report on Wednesday, September 29th. KeyCorp lowered their price objective on shares of Micron Technology from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, September 24th. Morgan Stanley boosted their price objective on shares of Micron Technology from $75.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 21st. Finally, Susquehanna Bancshares decreased their price target on shares of Micron Technology from $135.00 to $125.00 and set a “positive” rating for the company in a research report on Wednesday, September 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $111.93.

Micron Technology Profile

Micron Technology, Inc engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute & Networking Business Unit (CNBU), Mobile Business Unit (MBU), Storage Business Unit (SBU), and Embedded Business Unit (EBU). The CNBU segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets.

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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