According to the most recent filing with the Securities and Exchange Commission submitted by the company, during the fourth quarter of the company’s fiscal year, Norman Fields Gottscho Capital Management LLC reduced its holdings in Micron Technologies, INC (NASDAQ: MU) by 34.0%.
The fund ended the period with 15,030 shares of the semiconductor company’s stock, having sold 7,740 shares throughout the period.
The value of Norman Fields Gottscho Capital Management LLC holdings in Micron Technologies was $751,000 as of the end of the most recent reporting period.
On the same day, January 30, Senior Vice President of Operations April S.
Arnzen, sold 24,000 shares of company stock.
This is just one of the many recent developments.
The shares were sold for $1,485,840, equivalent to an average price of $61.91.
The transaction was completed successfully. Following the completion of the transaction, the senior vice president now directly owns 118,885 shares.
The current market value of these shares is $7,360,170.35.
If you follow this link, you will be taken to a file submitted to the SEC, which will provide you with additional information regarding the sale.
In other news, Senior Vice President Robert P.
Beard sold 3,000 of the company’s shares of stock on January 23.
This is a result of the company’s recent financial performance.
The amount of stock sold came to a total of $183,750.00, and the price received per share was $61.25, which was used as the average selling price. Following the completion of the transaction, the senior vice president will have a total of 42,840 shares in the corporation, each of which has a value of $2,623,950.
If you follow this link, you will be taken to a file submitted to the SEC, which will provide you with additional information regarding the sale.
In addition, on January 30, the Senior Vice President of Operations, April S.
Arnzen, sold 24,000 shares of the company’s stock.
The shares were sold for $1,485,840, equivalent to an average price of $61.91.
The transaction was completed successfully. Following the completion of the sale, the senior vice president will have 118,895 shares of the company.
The current market value of these shares is $7,360,170.35.
Disclosures related to the sale might be found in this website section.
The sale of 67,000 shares of company stock by company insiders over the most recent three months resulted in a total profit of $3,982,190 being realized by those insiders.
Insiders of the company currently hold 0.32% of the total number of shares outstanding.
Recent months have seen several large investors make adjustments to the percentage of the company’s stock that is held within their respective portfolios.
During the second quarter, Wagner Wealth Management LLC shelled out close to $29,000 to acquire more shares in Micron Technologies. Washington Trust Advisors INC increased the amount of Micron Technologies stock owned by 59.2 percent over the third quarter.
After making an additional purchase of 205 shares during the period in question, Washington Trust Advisors INC now has 551 shares of the semiconductor manufacturer’s stock, currently valued at $28,000. Washington Trust Advisors, INC made an additional purchase during that period. Financial Management Professionals INC increased the proportion of its holdings in Micron Technologies, owned by 44.7% during the third quarter. Financial Management Professionals INC has increased its total holdings to 689 shares after purchasing an additional 213 shares during this time.
This brings the value of its stock in the semiconductor manufacturer to $35,000 and raises the number of shares it owns to 689.
During the third quarter, Sound Income Strategies LLC increased the percentage of Micron Technologies stock owned by 207.0%. Following the acquisition of a further 476 shares during the period immediately prior, Sound Income Strategies LLC now has 706 shares of the semiconductor manufacturer’s stock in its possession.
The current value of these shares is $35,000.
And finally, because of Micron Technologies’ continued expansion, FinTrust Capital Advisors LLC saw a 58.0% increase in the value of its holdings during the third quarter. FinTrust Capital Advisors LLC has a total of 790 shares of the company, which has a market cap of $42,000, following the completion of an additional purchase of 290 shares during the period.
Institutional investors hold a majority stake in the company, accounting for 78.02% of the total shares outstanding.
Recent years have seen a proliferation of research on MU authored by brokerage firms.
These reports have focused on MU as their subject.
Micron Technologies received an “underweight” rating from Morgan Stanley, which resulted in the firm lowering its price objective for its stock from $49.00 to $46,000.
A research note published on December 22 detailed these alterations and made the announcements.
A research report published on Monday, December 12, indicated that a “buy” rating for Micron Technology was changed to a “hold” rating, and the price objective for the company was reduced from $60.00 to $55.00.
Both of these changes were made in light of recent market developments.
The decision made by Deutsche Bank Aktiengesellschaft was the impetus for both of these different actions.
In a research note released on December 7, Wells Fargo & Company decided to downgrade Micron Technologies from an “overweight” rating to a “neutral” rating.
In addition, the company has lowered its price objective for the stock from $75.00 to $70.00.
Argus changed their recommendation for Micron Technology from a “buy” rating to a “hold” rating in a research report published on Friday, December 30.
The report was about the company’s stock. Following the publication of a study on Tuesday, January 3, projections were made by Credit Suisse Group that the price per share of Micron Technology would rise to $60 within the subsequent twelve months.
Twenty-three research analysts have suggested that investors purchase the stock, six have suggested that investors maintain their current holdings, and two have suggested that investors sell their shares.
The stock of Micron Technologies is currently rated as a “Moderate Buy” on Bloomberg.com, and a price target of $67.25 has been established for the stock.
When trading started on Thursday, the price of a share of MU was $54.13, which is the current price.
During the past year, the price of a share of Micron Technology, INC has fluctuated between $48.43 and $86.24, hitting a low of $48.43 and a high of $86.24.
A debt-to-equity ratio of 0.20, a current ratio of 3.51, and a quick ratio of 2.23 are presented here. Calculations are performed independently for each of these ratios.
The company’s current price is $58.57 higher than its simple moving average of the past 50 days and $55.78 lower than its simple moving average of the past 200 days.
The firm’s beta value is 1.39, and its market capitalization is $59.07 billion at the moment.
The price-to-earnings ratio stands at 9.82 at the moment.
On December 21, Micron Technologies (NASDAQ: MU) shared its most recent quarterly earnings report with the investing community.
The semiconductor business’s earnings per share (EPS) for the quarter came in at $0.15, which was $0.02 less than the consensus estimate of the industry’s experts, who had predicted $0.13.
This was a decrease from the previous quarter’s EPS of $0.17.
The 13.26% return on equity and the 22.78% net margin that Micron Technologies achieved indicate that the company had a successful performance. However, the company could only bring in $4.09 billion in revenue for the quarter, whereas market analysts predicted that the company would bring in $4.14 billion in revenue for the quarter.
The corporation reported a profit of $2.07 per share during the same period in the year before this one.
The company’s revenue for the quarter experienced a decrease of 46.9% compared to the same period during the previous fiscal year.
According to the projections made by analysts specializing in market research, Micron Technology, INC will report a loss of 2.71 cents per share in 2018.