Tradewinds LLC. Has $215,000 Holdings in Micron Technology, Inc. (NASDAQ:MU)

Tradewinds LLC. lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 88.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,552 shares of the semiconductor manufacturer's stock after selling 18,649 shares during the period. Tradewinds LLC.'s holdings in Micron Technology were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Micron Technology during the 4th quarter worth $1,470,875,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Micron Technology by 339.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,255,000 shares of the semiconductor manufacturer's stock worth $189,781,000 after purchasing an additional 1,742,073 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Micron Technology during the fourth quarter worth about $135,865,000. State Street Corp increased its holdings in Micron Technology by 3.1% in the third quarter. State Street Corp now owns 48,226,710 shares of the semiconductor manufacturer's stock valued at $5,001,592,000 after buying an additional 1,434,568 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC increased its holdings in Micron Technology by 254.4% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,859,416 shares of the semiconductor manufacturer's stock valued at $192,840,000 after buying an additional 1,334,690 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research analysts have recently commented on MU shares. Needham & Company LLC decreased their target price 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. 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. Wells Fargo & Company dropped their target price on shares of Micron Technology from $140.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. The Goldman Sachs Group decreased their price target on shares of Micron Technology from $145.00 to $128.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of Micron Technology from $145.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $129.76.

Micron Technology Price Performance

NASDAQ MU traded down $14.26 on Thursday, reaching $74.34. 44,680,525 shares of the stock traded hands, compared to its average volume of 22,796,324. Micron Technology, Inc. has a 12 month low of $74.26 and a 12 month high of $157.54. The company has a market cap of $83.08 billion, a price-to-earnings ratio of 21.42 and a beta of 1.23. The firm's fifty day simple moving average is $94.80 and its 200 day simple moving average is $98.42. The company has a quick ratio of 1.75, a current ratio of 2.72 and a debt-to-equity ratio of 0.28.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.13. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The business had revenue of $8.05 billion during the quarter, compared to analysts' expectations of $7.93 billion. During the same quarter last year, the business posted $0.42 earnings per share. The company's quarterly revenue was up 38.2% on a year-over-year basis. As a group, research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Monday, March 31st. Micron Technology's payout ratio is 11.03%.

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total value of $1,442,700.00. Following the transaction, the executive vice president now owns 164,769 shares of the company's stock, valued at approximately $15,847,482.42. This trade represents a 8.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the company's stock in a transaction dated 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 directly owns 27,358 shares of the company's stock, valued at $2,542,378.94. This represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

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.