First Hawaiian Financial institution lessened its stake in Micron Expertise, Inc. (NASDAQ:MU – Get Score) by 3.0% within the first quarter, in keeping with its most up-to-date 13F submitting with the Securities & Alternate Fee. The institutional investor owned 5,933 shares of the semiconductor producer’s inventory after promoting 186 shares throughout the quarter. First Hawaiian Financial institution’s holdings in Micron Expertise had been value $463,000 on the finish of the latest quarter.
A number of different institutional traders and hedge funds additionally not too long ago made modifications to their positions within the firm. Capital World Traders grew its stake in Micron Expertise by 84.5% within the 4th quarter. Capital World Traders now owns 27,419,458 shares of the semiconductor producer’s inventory valued at $2,554,123,000 after buying an extra 12,554,989 shares over the last quarter. Norges Financial institution acquired a brand new stake in Micron Expertise within the 4th quarter valued at about $1,052,794,000. DZ BANK AG Deutsche Zentral Genossenschafts Financial institution Frankfurt am Most important grew its stake in Micron Expertise by 558.6% within the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Financial institution Frankfurt am Most important now owns 6,777,963 shares of the semiconductor producer’s inventory valued at $636,395,000 after buying an extra 5,748,883 shares over the last quarter. Renaissance Applied sciences LLC grew its stake in Micron Expertise by 148.7% within the 4th quarter. Renaissance Applied sciences LLC now owns 4,066,036 shares of the semiconductor producer’s inventory valued at $378,751,000 after buying an extra 2,431,300 shares over the last quarter. Lastly, Point72 Asset Administration L.P. acquired a brand new stake in Micron Expertise within the 4th quarter valued at about $206,353,000. Institutional traders and hedge funds personal 80.35% of the corporate’s inventory.
MU has been the subject of a number of analyst stories. StockNews.com minimize shares of Micron Expertise from a “strong-buy” score to a “purchase” score in a analysis word on Tuesday, June 14th. Morgan Stanley decreased their value goal on shares of Micron Expertise from $83.00 to $56.00 and set an “equal weight” score on the inventory in a analysis word on Tuesday. Citigroup decreased their value goal on shares of Micron Expertise from $120.00 to $100.00 and set a “impartial” score on the inventory in a analysis word on Monday, June sixth. Summit Insights minimize shares of Micron Expertise from a “purchase” score to a “maintain” score in a analysis word on Sunday, June twelfth. Lastly, Susquehanna reaffirmed a “purchase” score and set a $115.00 value goal on shares of Micron Expertise in a analysis word on Monday, Might sixteenth. One analyst has rated the inventory with a promote score, three have issued a maintain score, twenty-one have given a purchase score and one has assigned a powerful purchase score to the corporate’s inventory. In keeping with MarketBeat.com, Micron Expertise at the moment has a mean score of “Average Purchase” and a consensus goal value of $111.17.
Shares of NASDAQ:MU opened at $56.34 on Thursday. The corporate has a present ratio of three.11, a fast ratio of two.33 and a debt-to-equity ratio of 0.15. The corporate has a fifty day easy transferring common of $68.07 and a 200 day easy transferring common of $79.08. The agency has a market cap of $62.91 billion, a PE ratio of seven.09, a price-to-earnings-growth ratio of 0.19 and a beta of 1.17. Micron Expertise, Inc. has a 12-month low of $53.60 and a 12-month excessive of $98.45.
Micron Expertise (NASDAQ:MU – Get Score) final issued its quarterly earnings outcomes on Tuesday, March twenty ninth. The semiconductor producer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.20. The enterprise had income of $7.79 billion throughout the quarter, in comparison with analyst estimates of $7.53 billion. Micron Expertise had a web margin of 28.95% and a return on fairness of 21.15%. The enterprise’s income was up 25.6% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the agency earned $0.90 earnings per share. As a gaggle, equities analysis analysts forecast that Micron Expertise, Inc. will submit 9.15 EPS for the present fiscal 12 months.
The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Tuesday, April twenty sixth. Traders of file on Monday, April eleventh had been paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, April eighth. This represents a $0.40 dividend on an annualized foundation and a dividend yield of 0.71%. Micron Expertise’s dividend payout ratio (DPR) is presently 5.03%.
About Micron Expertise (Get Score)
Micron Expertise, Inc designs, manufactures, and sells reminiscence and storage merchandise worldwide. The corporate operates by 4 segments: Compute and Networking Enterprise Unit, Cell Enterprise Unit, Storage Enterprise Unit, and Embedded Enterprise Unit. It offers reminiscence and storage applied sciences includes DRAM merchandise, that are dynamic random entry reminiscence semiconductor gadgets with low latency that present high-speed knowledge retrieval; NAND merchandise which are non-volatile and re-writeable semiconductor storage gadgets; and NOR reminiscence merchandise, that are non-volatile re-writable semiconductor reminiscence gadgets that present quick learn speeds underneath the Micron and Essential manufacturers, in addition to by non-public labels.
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