Micron Technology, Inc. (NASDAQ:MU) Stock Position Increased by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,177 shares of the semiconductor manufacturer's stock after acquiring an additional 13,052 shares during the quarter. Private Advisor Group LLC's holdings in Micron Technology were worth $8,263,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Highline Wealth Partners LLC acquired a new stake in Micron Technology in the third quarter valued at $26,000. Beacon Capital Management LLC grew its holdings in Micron Technology by 114.9% in the fourth quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. True Wealth Design LLC grew its holdings in Micron Technology by 1,096.3% in the third 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 last quarter. DT Investment Partners LLC boosted its stake in shares of Micron Technology by 261.1% during the third quarter. DT Investment Partners LLC now owns 325 shares of the semiconductor manufacturer's stock valued at $34,000 after acquiring an additional 235 shares during the last quarter. Finally, Stone House Investment Management LLC boosted its stake in shares of Micron Technology by 602.2% during the third quarter. Stone House Investment Management LLC now owns 323 shares of the semiconductor manufacturer's stock valued at $34,000 after acquiring an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Down 4.3 %

Shares of NASDAQ:MU traded down $4.40 during mid-day trading on Friday, hitting $98.78. 18,633,227 shares of the company traded hands, compared to its average volume of 20,178,224. The firm has a market cap of $110.06 billion, a P/E ratio of 28.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72. Micron Technology, Inc. has a 52-week low of $83.54 and a 52-week high of $157.54. The firm's 50 day simple moving average is $96.28 and its 200 day simple moving average is $98.82.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.19. The firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.71 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. Micron Technology's quarterly revenue was up 84.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.95) EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a dividend of $0.115 per share. The ex-dividend date was Monday, December 30th. This represents a $0.46 dividend on an annualized basis and a yield of 0.47%. Micron Technology's dividend payout ratio is currently 13.26%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MU. Barclays decreased their price target on Micron Technology from $145.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, December 20th. Morgan Stanley decreased their price target on Micron Technology from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Stifel Nicolaus decreased their price target on Micron Technology from $135.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. China Renaissance began coverage on Micron Technology in a research note on Monday, October 28th. They issued a "buy" rating and a $148.00 price target on the stock. Finally, Sanford C. Bernstein decreased their price target on Micron Technology from $140.00 to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, Micron Technology currently has an average rating of "Moderate Buy" and a consensus target price of $134.96.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 4,890 shares of the business's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $85.21, for a total transaction of $416,676.90. Following the completion of the transaction, the executive vice president now owns 181,223 shares in the company, valued at $15,442,011.83. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.30% of the company's stock.

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.