Crossmark Global Holdings Inc. Has $19.69 Million Holdings in Micron Technology, Inc. (NASDAQ:MU)

Crossmark Global Holdings Inc. raised its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 8.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,860 shares of the semiconductor manufacturer's stock after buying an additional 14,988 shares during the period. Crossmark Global Holdings Inc.'s holdings in Micron Technology were worth $19,690,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Atria Investments Inc raised its holdings in Micron Technology by 0.3% in the first quarter. Atria Investments Inc now owns 27,749 shares of the semiconductor manufacturer's stock valued at $3,269,000 after acquiring an additional 93 shares in the last quarter. Aspect Partners LLC raised its stake in shares of Micron Technology by 39.8% in the 2nd quarter. Aspect Partners LLC now owns 330 shares of the semiconductor manufacturer's stock valued at $43,000 after purchasing an additional 94 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in shares of Micron Technology by 1.3% during the second quarter. Ameritas Advisory Services LLC now owns 7,625 shares of the semiconductor manufacturer's stock worth $1,003,000 after purchasing an additional 98 shares during the last quarter. LRI Investments LLC grew its stake in Micron Technology by 57.2% in the second quarter. LRI Investments LLC now owns 272 shares of the semiconductor manufacturer's stock worth $36,000 after purchasing an additional 99 shares in the last quarter. Finally, E&G Advisors LP grew its stake in Micron Technology by 5.2% in the second quarter. E&G Advisors LP now owns 2,015 shares of the semiconductor manufacturer's stock worth $265,000 after purchasing an additional 100 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Trading Down 1.3 %

Micron Technology stock traded down $1.51 during midday trading on Friday, reaching $111.90. The stock had a trading volume of 13,045,721 shares, compared to its average volume of 17,080,670. The firm's fifty day simple moving average is $100.16 and its two-hundred day simple moving average is $113.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.64 and a quick ratio of 1.68. Micron Technology, Inc. has a twelve month low of $72.93 and a twelve month high of $157.54. The firm has a market cap of $124.07 billion, a price-to-earnings ratio of 164.56 and a beta of 1.18.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.21. The company had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $7.65 billion. Micron Technology had a return on equity of 1.58% and a net margin of 3.10%. The business's revenue for the quarter was up 93.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.21) EPS. Equities analysts anticipate that Micron Technology, Inc. will post 8.31 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.46 annualized dividend and a dividend yield of 0.41%. Micron Technology's dividend payout ratio is 67.65%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MU. Citigroup decreased their price objective on shares of Micron Technology from $175.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, September 17th. Wells Fargo & Company lowered their price objective on shares of Micron Technology from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Wednesday, September 18th. China Renaissance started coverage on shares of Micron Technology in a research note on Monday, October 28th. They set a "buy" rating and a $148.00 price objective on the stock. Wedbush restated an "outperform" rating and issued a $140.00 target price on shares of Micron Technology in a research note on Thursday, September 26th. Finally, Raymond James upped their target price on Micron Technology from $125.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $143.04.

Insider Activity at Micron Technology

In other news, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $113.00, for a total transaction of $552,570.00. Following the transaction, the executive vice president now owns 135,830 shares in the company, valued at $15,348,790. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by company insiders.

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.