Micron Technology, Inc. (NASDAQ:MU) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC decreased its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 185,405 shares of the semiconductor manufacturer's stock after selling 55,480 shares during the quarter. Boston Common Asset Management LLC's holdings in Micron Technology were worth $15,604,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its stake in Micron Technology by 144.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 978,193 shares of the semiconductor manufacturer's stock valued at $128,662,000 after purchasing an additional 578,132 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $2,687,000. Stock Yards Bank & Trust Co. purchased a new position in shares of Micron Technology in the 2nd quarter worth approximately $210,000. Axxcess Wealth Management LLC raised its holdings in Micron Technology by 11.7% during the 2nd quarter. Axxcess Wealth Management LLC now owns 14,255 shares of the semiconductor manufacturer's stock valued at $1,875,000 after buying an additional 1,488 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its position in Micron Technology by 2.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 274,917 shares of the semiconductor manufacturer's stock worth $36,160,000 after buying an additional 5,481 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Up 3.1 %

NASDAQ MU traded up $3.15 during trading on Friday, reaching $105.75. 18,832,956 shares of the company's stock were exchanged, compared to its average volume of 26,435,701. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72. Micron Technology, Inc. has a 1 year low of $79.15 and a 1 year high of $157.54. The company has a 50 day moving average price of $98.00 and a two-hundred day moving average price of $102.66. The stock has a market cap of $117.82 billion, a P/E ratio of 30.48 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 EPS for the quarter, topping the consensus estimate of $1.60 by $0.19. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The firm had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same period last year, the business earned ($0.95) EPS. Micron Technology's revenue for the quarter was up 84.3% compared to the same quarter last year. On average, equities research analysts anticipate that Micron Technology, Inc. will post 6.25 EPS for the current fiscal 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 issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Monday, December 30th. Micron Technology's payout ratio is 13.26%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MU. Bank of America lowered Micron Technology from a "buy" rating to a "neutral" rating and cut their target price for the company from $125.00 to $110.00 in a research note on Thursday, December 19th. JPMorgan Chase & Co. cut their price objective on shares of Micron Technology from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company cut their price target on shares of Micron Technology from $175.00 to $140.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Robert W. Baird decreased their price objective on Micron Technology from $150.00 to $130.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Finally, Sanford C. Bernstein reduced their target price on Micron Technology from $140.00 to $120.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, Micron Technology has an average rating of "Moderate Buy" and a consensus price target of $135.24.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $85.21, for a total value of $416,676.90. Following the sale, the executive vice president now directly owns 181,223 shares of the company's stock, valued at approximately $15,442,011.83. This represents a 2.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.30% of the company's stock.

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.