BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Holdings in Micron Technology
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Micron Technology, Inc. (NASDAQ:MU) by 14.8% during the fourth quarter, according to the company’s most recent Form 13F filing with the SEC. The institutional investor owned 212,324 shares of the semiconductor manufacturer’s stock after purchasing an additional 27,316 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Micron Technology were worth $17,869,000 as of its most recent filing with the SEC.
Other large investors also made changes to their positions in the company. Focus Partners Advisor Solutions LLC increased its position in Micron Technology by 12.6% in the fourth quarter, now owning 7,922 shares worth $667,000. Mpwm Advisory Solutions LLC bought a new position in shares of Micron Technology valued at about $63,000. Waverly Advisors LLC raised its stake in Micron Technology by 179.3% during the fourth quarter, now owning 58,075 shares worth $4,888,000. Wesleyan Assurance Society bought a new position in shares of Micron Technology worth $6,219,000. Woodline Partners LP increased its holdings in Micron Technology by 128.8% in the fourth quarter, now owning 865,041 shares valued at $72,802,000.
Institutional investors own 80.84% of the company’s stock. Several equities analysts have recently issued reports on Micron Technology. Wall Street Zen lowered Micron Technology from a “buy” rating to a “hold” rating. Robert W. Baird boosted their price objective on shares of Micron Technology from $130.00 to $163.00 and gave the company an “outperform” rating. The stock has an average rating of “Moderate Buy” and a consensus target price of $126.48.
In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock on Tuesday, March 25th, for a total transaction of $1,442,700.00. Director Mary Pat Mccarthy sold 2,404 shares on Friday, May 2nd, for a total value of $192,320.00. Insiders have sold 19,808 shares of company stock valued at $1,858,424 in the last three months. 0.30% of the stock is owned by company insiders.
Micron Technology stock traded down $1.46 during trading hours on Monday, hitting $93.37. The stock had a trading volume of 16,534,270 shares. The business’s 50-day simple moving average is $82.82 and its 200-day simple moving average is $92.20. Micron Technology, Inc. has a market cap of $104.35 billion and a price-to-earnings ratio of 26.91.
The company recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.49%. Micron Technology’s payout ratio is 11.03%.
