180 Wealth Advisors LLC Reduces Position in Micron Technology, Inc. (NASDAQ:MU)

180 Wealth Advisors LLC lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MUFree Report) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,514 shares of the semiconductor manufacturer’s stock after selling 211 shares during the period. 180 Wealth Advisors LLC’s holdings in Micron Technology were worth $375,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Micron Technology by 0.6% in the 2nd quarter. State Street Corp now owns 46,193,578 shares of the semiconductor manufacturer’s stock valued at $2,915,277,000 after purchasing an additional 282,292 shares during the period. Capital World Investors raised its position in Micron Technology by 19.8% during the second quarter. Capital World Investors now owns 21,320,648 shares of the semiconductor manufacturer’s stock worth $1,345,546,000 after acquiring an additional 3,523,684 shares during the period. Geode Capital Management LLC raised its position in Micron Technology by 2.4% during the second quarter. Geode Capital Management LLC now owns 20,833,138 shares of the semiconductor manufacturer’s stock worth $1,311,265,000 after acquiring an additional 484,293 shares during the period. Price T Rowe Associates Inc. MD raised its position in Micron Technology by 411.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,274,070 shares of the semiconductor manufacturer’s stock worth $763,398,000 after acquiring an additional 12,286,893 shares during the period. Finally, Morgan Stanley raised its position in Micron Technology by 59.2% during the fourth quarter. Morgan Stanley now owns 14,185,790 shares of the semiconductor manufacturer’s stock worth $709,006,000 after acquiring an additional 5,274,984 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MU shares. The Goldman Sachs Group upped their target price on shares of Micron Technology from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. JPMorgan Chase & Co. upped their target price on shares of Micron Technology from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, December 21st. Morgan Stanley upped their target price on shares of Micron Technology from $71.50 to $74.75 and gave the stock an “underweight” rating in a report on Thursday, December 21st. Stifel Nicolaus upped their price objective on shares of Micron Technology from $76.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, December 21st. Finally, StockNews.com started coverage on shares of Micron Technology in a report on Thursday, October 5th. They issued a “sell” rating for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, Micron Technology has an average rating of “Moderate Buy” and an average price target of $94.32.

Check Out Our Latest Research Report on Micron Technology

Micron Technology Price Performance

NASDAQ:MU opened at $83.28 on Thursday. The firm’s fifty day moving average price is $79.98 and its 200 day moving average price is $71.89. Micron Technology, Inc. has a 1-year low of $52.76 and a 1-year high of $87.87. The company has a current ratio of 3.53, a quick ratio of 2.14 and a debt-to-equity ratio of 0.29.

Micron Technology (NASDAQ:MUGet Free Report) last posted its quarterly earnings data on Wednesday, December 20th. The semiconductor manufacturer reported ($0.95) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.01) by $0.06. Micron Technology had a negative net margin of 42.47% and a negative return on equity of 14.44%. The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the firm posted ($0.15) EPS. Micron Technology’s quarterly revenue was up 15.7% on a year-over-year basis. Sell-side analysts anticipate that Micron Technology, Inc. will post -1 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Tuesday, January 2nd will be given a $0.115 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.55%. Micron Technology’s dividend payout ratio (DPR) is -7.32%.

Insider Activity at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 28,228 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $87.24, for a total value of $2,462,610.72. Following the completion of the sale, the executive vice president now owns 203,342 shares of the company’s stock, valued at $17,739,556.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Micron Technology news, CEO Sanjay Mehrotra sold 7,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $67.54, for a total value of $472,780.00. Following the completion of the sale, the chief executive officer now owns 695,437 shares of the company’s stock, valued at $46,969,814.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Scott J. Deboer sold 28,228 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $87.24, for a total value of $2,462,610.72. Following the completion of the sale, the executive vice president now directly owns 203,342 shares of the company’s stock, valued at approximately $17,739,556.08. The disclosure for this sale can be found here. Insiders have sold a total of 263,110 shares of company stock worth $20,860,062 in the last three months. Insiders own 0.32% of the company’s stock.

Micron Technology Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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