Level Four Advisory Services LLC Buys 5,350 Shares of Micron Technology, Inc. (NASDAQ:MU)

Level Four Advisory Services LLC increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,584 shares of the semiconductor manufacturer's stock after buying an additional 5,350 shares during the quarter. Level Four Advisory Services LLC's holdings in Micron Technology were worth $5,351,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC lifted its holdings in shares of Micron Technology by 1,096.3% during the 3rd quarter. True Wealth Design LLC now owns 323 shares of the semiconductor manufacturer's stock valued at $33,000 after buying an additional 296 shares during the last quarter. Beacon Capital Management LLC boosted its stake in shares of Micron Technology by 114.9% during the 4th quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Micron Technology during the 4th quarter valued at about $33,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Micron Technology in the 4th quarter valued at approximately $34,000. Finally, Curio Wealth LLC acquired a new stake in Micron Technology in the 4th quarter worth approximately $34,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the completion of the sale, the executive vice president now owns 164,769 shares in the company, valued at $15,847,482.42. The trade was a 8.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Pat Mccarthy sold 2,404 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.93, for a total transaction of $223,403.72. Following the sale, the director now owns 27,358 shares of the company's stock, valued at $2,542,378.94. The trade was a 8.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

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Micron Technology Price Performance

MU traded up $1.47 during trading on Tuesday, hitting $88.36. The company's stock had a trading volume of 7,209,955 shares, compared to its average volume of 22,566,543. The company has a quick ratio of 1.75, a current ratio of 2.72 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $98.75 billion, a price-to-earnings ratio of 25.46 and a beta of 1.23. The firm's 50 day moving average price is $95.62 and its two-hundred day moving average price is $98.51. 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 issued its quarterly earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.13. The business had revenue of $8.05 billion for the quarter, compared to the consensus estimate of $7.93 billion. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The firm's quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 31st. Micron Technology's dividend payout ratio (DPR) is presently 11.03%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wedbush reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Micron Technology in a report on Monday, March 17th. Royal Bank of Canada set a $125.00 price target on Micron Technology in a research report on Wednesday, March 19th. KGI Securities raised Micron Technology to a "strong-buy" rating in a research report on Friday, February 21st. Barclays increased their price objective on Micron Technology from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Finally, Robert W. Baird boosted their target price on shares of Micron Technology from $130.00 to $163.00 and gave the stock an "outperform" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $129.76.

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.