Calamos Advisors LLC Has $32.93 Million Stake in Micron Technology, Inc. (NASDAQ:MU)

Calamos Advisors LLC decreased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 391,221 shares of the semiconductor manufacturer’s stock after selling 13,322 shares during the quarter. Calamos Advisors LLC’s holdings in Micron Technology were worth $32,925,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MU. Czech National Bank lifted its position in shares of Micron Technology by 7.1% during the third quarter. Czech National Bank now owns 225,924 shares of the semiconductor manufacturer’s stock worth $23,431,000 after purchasing an additional 14,902 shares in the last quarter. GAMMA Investing LLC increased its holdings in Micron Technology by 12.1% during the third quarter. GAMMA Investing LLC now owns 15,599 shares of the semiconductor manufacturer’s stock worth $1,618,000 after buying an additional 1,689 shares during the last quarter. Diversified Trust Co lifted its stake in Micron Technology by 37.0% in the 3rd quarter. Diversified Trust Co now owns 22,202 shares of the semiconductor manufacturer’s stock valued at $2,303,000 after purchasing an additional 5,995 shares during the last quarter. Eagle Rock Investment Company LLC increased its holdings in shares of Micron Technology by 11.6% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 64,102 shares of the semiconductor manufacturer’s stock worth $6,648,000 after acquiring an additional 6,684 shares during the last quarter. Finally, Fulton Bank N.A. lifted its stake in shares of Micron Technology by 46.8% during the 3rd quarter. Fulton Bank N.A. now owns 9,175 shares of the semiconductor manufacturer’s stock worth $952,000 after buying an additional 2,926 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $85.21, for a total transaction of $416,676.90. Following the completion of the transaction, the executive vice president now owns 181,223 shares in the company, valued at approximately $15,442,011.83. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.30% of the stock is owned by corporate insiders.

Micron Technology Stock Performance

NASDAQ:MU opened at $89.92 on Tuesday. The company’s 50-day moving average is $97.43 and its two-hundred day moving average is $99.74. The firm has a market capitalization of $100.19 billion, a price-to-earnings ratio of 25.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75. Micron Technology, Inc. has a 1-year low of $79.15 and a 1-year high of $157.54.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.19. The company had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.71 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The company’s revenue for the quarter was up 84.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.95) earnings per share. Analysts forecast that Micron Technology, Inc. will post 6.29 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.46 annualized dividend and a yield of 0.51%. Micron Technology’s dividend payout ratio is currently 13.26%.

Analyst Ratings Changes

MU has been the topic of a number of recent analyst reports. Wedbush restated an “outperform” rating and issued a $140.00 price target on shares of Micron Technology in a research report on Tuesday, December 17th. Sanford C. Bernstein cut their target price on Micron Technology from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. TD Cowen decreased their price target on Micron Technology from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Needham & Company LLC lowered their price objective on shares of Micron Technology from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group cut their price objective on Micron Technology from $145.00 to $128.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

Micron Technology Company 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.