3,225 Shares in Micron Technology, Inc. (NASDAQ:MU) Acquired by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,225 shares of the semiconductor manufacturer's stock, valued at approximately $271,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Highline Wealth Partners LLC bought a new position in Micron Technology in the third quarter worth about $26,000. Davis Capital Management purchased a new position in shares of Micron Technology during the 3rd quarter worth approximately $30,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Micron Technology during the 2nd quarter worth approximately $39,000. Stone House Investment Management LLC raised its position in shares of Micron Technology by 602.2% in the 3rd quarter. Stone House Investment Management LLC now owns 323 shares of the semiconductor manufacturer's stock worth $34,000 after acquiring an additional 277 shares in the last quarter. Finally, True Wealth Design LLC lifted its stake in shares of Micron Technology by 1,096.3% in the 3rd quarter. True Wealth Design LLC now owns 323 shares of the semiconductor manufacturer's stock valued at $33,000 after purchasing an additional 296 shares during the period. Hedge funds and other institutional investors own 80.84% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America cut Micron Technology from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $125.00 to $110.00 in a research note on Thursday, December 19th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 target price on shares of Micron Technology in a research report on Wednesday, December 18th. Needham & Company LLC lowered their price target on shares of Micron Technology from $140.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Cantor Fitzgerald cut their price objective on shares of Micron Technology from $150.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Finally, TD Cowen lowered their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, Micron Technology has an average rating of "Moderate Buy" and a consensus target price of $135.24.

Micron Technology Stock Performance

Micron Technology stock traded up $0.10 during mid-day trading on Wednesday, reaching $109.48. 10,862,748 shares of the stock traded hands, compared to its average volume of 24,975,539. Micron Technology, Inc. has a 12-month low of $79.15 and a 12-month high of $157.54. The business's 50-day moving average is $97.92 and its 200-day moving average is $101.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75. The stock has a market capitalization of $121.98 billion, a PE ratio of 31.57 and a beta of 1.18.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.19. The company had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.71 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 84.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.95) EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 6.25 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently announced 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. The ex-dividend date was Monday, December 30th. This represents a $0.46 annualized dividend and a yield of 0.42%. Micron Technology's payout ratio is 13.26%.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction that occurred on Friday, December 20th. The stock was 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 approximately $15,442,011.83. The trade was a 2.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company's stock.

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.