Nwam LLC Has $1.67 Million Stock Position in Micron Technology, Inc. (NASDAQ:MU)

Nwam LLC grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 44.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,055 shares of the semiconductor manufacturer's stock after buying an additional 4,965 shares during the quarter. Nwam LLC's holdings in Micron Technology were worth $1,665,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Chartwell Investment Partners LLC raised its stake in Micron Technology by 26.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 195,115 shares of the semiconductor manufacturer's stock worth $20,236,000 after buying an additional 40,802 shares during the period. Global X Japan Co. Ltd. raised its stake in Micron Technology by 23.1% in the 3rd quarter. Global X Japan Co. Ltd. now owns 51,832 shares of the semiconductor manufacturer's stock valued at $5,375,000 after acquiring an additional 9,735 shares during the period. River Road Asset Management LLC increased its stake in shares of Micron Technology by 9.1% in the third quarter. River Road Asset Management LLC now owns 163,272 shares of the semiconductor manufacturer's stock worth $16,933,000 after purchasing an additional 13,573 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Micron Technology by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,721,126 shares of the semiconductor manufacturer's stock valued at $697,048,000 after purchasing an additional 65,591 shares during the period. Finally, RWQ Financial Management Services Inc. purchased a new stake in shares of Micron Technology during the 3rd quarter valued at approximately $1,270,000. 80.84% of the stock is owned by institutional investors.

Micron Technology Stock Performance

Shares of NASDAQ MU traded down $0.12 during midday trading on Friday, hitting $102.64. 12,063,730 shares of the company's stock were exchanged, compared to its average volume of 15,594,738. Micron Technology, Inc. has a twelve month low of $72.93 and a twelve month high of $157.54. The stock's 50 day moving average price is $102.46 and its 200-day moving average price is $112.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.64 and a quick ratio of 1.68. The firm has a market cap of $113.80 billion, a P/E ratio of 150.94 and a beta of 1.18.

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

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were paid a $0.115 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.45%. Micron Technology's payout ratio is presently 67.65%.

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $113.00, for a total value of $552,570.00. Following the transaction, the executive vice president now directly owns 135,830 shares of the company's stock, valued at approximately $15,348,790. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MU has been the subject of several analyst reports. Citigroup cut their target price on Micron Technology from $175.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, September 17th. Wedbush restated an "outperform" rating and issued a $140.00 price objective on shares of Micron Technology in a research report on Thursday, September 26th. Raymond James increased their target price on shares of Micron Technology from $125.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Wells Fargo & Company reduced their price target 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. Finally, UBS Group decreased their price target on shares of Micron Technology from $153.00 to $135.00 and set a "buy" rating on the stock in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.04.

About Micron Technology

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.