Baader Bank Aktiengesellschaft Sells 5,061 Shares of Micron Technology, Inc. (NASDAQ:MU)

Baader Bank Aktiengesellschaft cut its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 65.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,700 shares of the semiconductor manufacturer's stock after selling 5,061 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Micron Technology were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Forsta AP Fonden grew its position in shares of Micron Technology by 4.3% during the fourth quarter. Forsta AP Fonden now owns 262,100 shares of the semiconductor manufacturer's stock worth $22,058,000 after buying an additional 10,700 shares in the last quarter. Smith Group Asset Management LLC acquired a new position in Micron Technology during the 4th quarter worth $2,525,000. UG Investment Advisers Ltd. increased its position in shares of Micron Technology by 25.3% in the 4th quarter. UG Investment Advisers Ltd. now owns 609,137 shares of the semiconductor manufacturer's stock worth $51,265,000 after purchasing an additional 122,822 shares during the last quarter. Deane Retirement Strategies Inc. acquired a new stake in shares of Micron Technology in the 4th quarter valued at about $2,704,000. Finally, Orca Wealth Management LLC acquired a new stake in Micron Technology during the fourth quarter valued at approximately $703,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Performance

MU stock traded down $1.26 during midday trading on Friday, hitting $91.24. The stock had a trading volume of 20,484,995 shares, compared to its average volume of 24,383,638. Micron Technology, Inc. has a 52 week low of $79.15 and a 52 week high of $157.54. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock has a 50-day simple moving average of $97.43 and a 200 day simple moving average of $100.07. The firm has a market capitalization of $101.66 billion, a price-to-earnings ratio of 26.29 and a beta of 1.18.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.19. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The firm had revenue of $8.71 billion for the quarter, compared to analysts' expectations of $8.71 billion. During the same period in the prior year, the business posted ($0.95) earnings per share. The business's revenue was up 84.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 6.29 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 dividend yield of 0.50%. Micron Technology's dividend payout ratio (DPR) is currently 13.26%.

Insider Transactions at Micron Technology

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MU shares. Needham & Company LLC reduced their price objective on Micron Technology from $140.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Bank of America lowered Micron Technology from a "buy" rating to a "neutral" rating and lowered their price target for the company from $125.00 to $110.00 in a report on Thursday, December 19th. Wells Fargo & Company reduced their price objective on shares of Micron Technology from $175.00 to $140.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Robert W. Baird dropped their price target on shares of Micron Technology from $150.00 to $130.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Finally, TD Cowen decreased their price objective on shares of Micron Technology from $135.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.