Capital Advisory Group Advisory Services LLC Buys New Shares in Micron Technology, Inc. (NASDAQ:MU)

Capital Advisory Group Advisory Services LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,717 shares of the semiconductor manufacturer's stock, valued at approximately $397,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MU. Bank of Stockton boosted its holdings in Micron Technology by 3.7% during the fourth quarter. Bank of Stockton now owns 18,362 shares of the semiconductor manufacturer's stock valued at $1,545,000 after purchasing an additional 647 shares in the last quarter. Transcend Capital Advisors LLC boosted its stake in Micron Technology by 60.7% in the 4th quarter. Transcend Capital Advisors LLC now owns 6,159 shares of the semiconductor manufacturer's stock valued at $518,000 after buying an additional 2,326 shares in the last quarter. Paradigm Asset Management Co. LLC grew its position in Micron Technology by 811.1% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 16,400 shares of the semiconductor manufacturer's stock valued at $1,380,000 after acquiring an additional 14,600 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in Micron Technology during the fourth quarter worth $357,000. Finally, Legacy Capital Group California Inc. lifted its holdings in shares of Micron Technology by 227.2% during the fourth quarter. Legacy Capital Group California Inc. now owns 9,935 shares of the semiconductor manufacturer's stock valued at $836,000 after acquiring an additional 6,899 shares during the period. Institutional investors own 80.84% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MU. Mizuho dropped their target price on shares of Micron Technology from $135.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Bank of America lowered shares of Micron Technology from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $125.00 to $110.00 in a report on Thursday, December 19th. Cantor Fitzgerald reduced their target price on Micron Technology from $150.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price target on Micron Technology from $180.00 to $145.00 and set an "overweight" rating on the stock 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 for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average price target of $134.96.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 4,890 shares of the company's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $85.21, for a total value of $416,676.90. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.30% of the company's stock.

Micron Technology Trading Down 4.3 %

Shares of NASDAQ:MU traded down $4.40 during midday trading on Friday, hitting $98.78. The company had a trading volume of 18,633,227 shares, compared to its average volume of 22,918,740. The firm has a fifty day simple moving average of $96.35 and a 200 day simple moving average of $98.70. The stock has a market cap of $110.06 billion, a price-to-earnings ratio of 28.47 and a beta of 1.18. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Micron Technology, Inc. has a 12 month low of $83.54 and a 12 month high of $157.54.

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, 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 company had revenue of $8.71 billion during the quarter, compared to analysts' expectations of $8.71 billion. Micron Technology's revenue was up 84.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.95) EPS. On average, analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, December 30th. Micron Technology's payout ratio is presently 13.26%.

Micron Technology 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.