B & T Capital Management Increases Stake in Micron Technology

B & T Capital Management, operating under the name Alpha Capital Management, has significantly boosted its investment in Micron Technology, Inc. (NASDAQ: MU) by 74.9% during the fourth quarter of the year. As reported in their latest filing with the Securities and Exchange Commission, the firm now owns 5,638 shares of Micron after acquiring an additional 2,415 shares. The total value of B & T Capital Management's holdings in the semiconductor company amounted to approximately $474,000 as of the latest disclosure.

Recent Institutional Investment Trends

Other institutional investors have also adjusted their positions in Micron Technology. For instance, Stonebrook Private Inc. raised its holdings by 4.2% in the third quarter, bringing its total to 2,454 shares worth around $255,000 after purchasing 98 additional shares. Similarly, John G. Ullman & Associates Inc. increased its stake by 2.5% during the same period, holding 4,063 shares valued at $421,000 after acquiring 100 shares. Trivant Custom Portfolio Group LLC also increased its holdings by 20.0% in the fourth quarter, owning 600 shares valued at $50,000 following the purchase of 100 additional shares. Trust Co. of Vermont and PDS Planning Inc. also raised their positions in Micron Technology by 14.3% and 2.4%, respectively.

Insider Transactions

In other developments, Micron's EVP, April S. Arnzen, sold 4,890 shares on December 20th at an average price of $85.21, totaling about $416,676.90. Following this sale, Arnzen now holds 181,223 shares, valued at approximately $15.44 million, marking a 2.63% decrease in her overall position. Corporate insiders currently own 0.30% of the company's stock.

Micron Technology Performance Overview

The stock of Micron Technology opened at $105.75. The company has exhibited a quick ratio of 1.75, a current ratio of 2.72, and a debt-to-equity ratio of 0.28. In the past year, Micron's shares have traded as low as $79.15 and as high as $157.54. As of now, it holds a market capitalization of $117.82 billion, with a PE ratio of 30.48 and a beta value of 1.18. Micron's quarterly earnings, reported on December 18th, showed earnings per share (EPS) of $1.79, surpassing analysts' expectations of $1.60. The company's revenue for that quarter was $8.71 billion, matching predictions and reflecting a substantial year-over-year increase of 84.3%.

Recent Dividend Announcement

Micron Technology recently declared a quarterly dividend of $0.115 per share, which was paid out on January 15th. Shareholders of record as of December 30th received this dividend, which translates to an annualized payout of $0.46 and yields about 0.43%. The dividend payout ratio currently stands at 13.26%.

Analyst Ratings and Price Targets

Micron Technology has been featured in various analyst reports recently. Morgan Stanley lowered their price target from $114.00 to $98.00, assigning an "equal weight" rating. Goldman Sachs also revised its target from $145.00 to $128.00 with a "buy" recommendation. Additionally, JPMorgan Chase reduced its target from $180.00 to $145.00 and maintained an "overweight" rating. China Renaissance offered coverage on the stock with a "buy" rating and a $148.00 target price. As it stands, one analyst has given the stock a sell rating, three hold ratings, and twenty-three buy ratings, leading to an overall average rating of "Moderate Buy" with an average price target of $135.24.

About Micron Technology

Micron Technology, Inc. designs and manufactures memory and storage solutions globally. The company operates through four main segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. Micron specializes in several memory and storage technologies, including dynamic random access memory (DRAM) and non-volatile memory products. These products are marketed under the Micron and Crucial brands.

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