Columbia Advisory Partners LLC Sells 152 Shares of Micron Technology, Inc. (NASDAQ:MU)

Columbia Advisory Partners LLC reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,481 shares of the semiconductor manufacturer’s stock after selling 152 shares during the quarter. Columbia Advisory Partners LLC’s holdings in Micron Technology were worth $410,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Merlin Capital Inc bought a new position in shares of Micron Technology during the third quarter worth about $407,000. TCW Group Inc. grew its stake in Micron Technology by 5.7% in the fourth quarter. TCW Group Inc. now owns 531,637 shares of the semiconductor manufacturer’s stock valued at $45,383,000 after acquiring an additional 28,649 shares during the period. Gulf International Bank UK Ltd grew its stake in Micron Technology by 6.3% in the first quarter. Gulf International Bank UK Ltd now owns 99,839 shares of the semiconductor manufacturer’s stock valued at $11,770,000 after acquiring an additional 5,958 shares during the period. Savoie Capital LLC acquired a new stake in Micron Technology in the third quarter valued at approximately $4,229,000. Finally, TrinityPoint Wealth LLC grew its stake in Micron Technology by 33.9% in the fourth quarter. TrinityPoint Wealth LLC now owns 34,540 shares of the semiconductor manufacturer’s stock valued at $2,948,000 after acquiring an additional 8,736 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In related news, SVP Michael W. Bokan sold 15,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $115.55, for a total transaction of $1,733,250.00. Following the completion of the sale, the senior vice president now directly owns 153,387 shares in the company, valued at approximately $17,723,867.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Michael W. Bokan sold 15,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $115.55, for a total transaction of $1,733,250.00. Following the completion of the sale, the senior vice president now directly owns 153,387 shares in the company, valued at approximately $17,723,867.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sumit Sadana sold 13,239 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $118.77, for a total value of $1,572,396.03. Following the sale, the executive vice president now owns 260,857 shares of the company’s stock, valued at $30,981,985.89. The disclosure for this sale can be found here. In the last three months, insiders sold 304,840 shares of company stock worth $37,961,924. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MU has been the topic of several analyst reports. Robert W. Baird lifted their target price on Micron Technology from $150.00 to $172.00 and gave the company an “outperform” rating in a research report on Monday. Susquehanna boosted their price objective on Micron Technology from $143.00 to $185.00 and gave the stock a “positive” rating in a research report on Monday, June 17th. Piper Sandler boosted their price objective on Micron Technology from $95.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Needham & Company LLC boosted their price objective on Micron Technology from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Finally, TD Cowen boosted their price objective on Micron Technology from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.00.

Micron Technology Trading Up 0.4 %

Shares of MU traded up $0.58 during midday trading on Wednesday, reaching $141.70. The stock had a trading volume of 25,516,311 shares, compared to its average volume of 19,962,463. The company’s 50-day moving average is $126.64 and its 200 day moving average is $105.26. Micron Technology, Inc. has a 12-month low of $60.50 and a 12-month high of $157.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.74 and a quick ratio of 2.40.

Micron Technology 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.