TIAA Trust National Association Has $370,000 Holdings in Micron Technology, Inc. (NASDAQ:MU)

TIAA Trust National Association lowered its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,394 shares of the semiconductor manufacturer's stock after selling 3,813 shares during the quarter. TIAA Trust National Association's holdings in Micron Technology were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MU. Raymond James Financial Inc. acquired a new position in Micron Technology during the fourth quarter worth $135,865,000. State Street Corp boosted its stake in shares of Micron Technology by 3.1% during the 3rd quarter. State Street Corp now owns 48,226,710 shares of the semiconductor manufacturer's stock worth $5,001,592,000 after buying an additional 1,434,568 shares during the last quarter. Worldquant Millennium Advisors LLC grew its holdings in shares of Micron Technology by 254.4% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,859,416 shares of the semiconductor manufacturer's stock valued at $192,840,000 after acquiring an additional 1,334,690 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Micron Technology by 24.3% in the third quarter. Two Sigma Advisers LP now owns 4,573,200 shares of the semiconductor manufacturer's stock valued at $474,287,000 after acquiring an additional 893,700 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Micron Technology by 3.9% in the third quarter. Geode Capital Management LLC now owns 23,723,545 shares of the semiconductor manufacturer's stock valued at $2,451,987,000 after acquiring an additional 892,607 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have weighed in on MU shares. UBS Group raised their price target on Micron Technology from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Morgan Stanley increased their price objective on Micron Technology from $91.00 to $112.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. Needham & Company LLC lowered their target price on shares of Micron Technology from $140.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price target on shares of Micron Technology from $145.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Finally, Royal Bank of Canada set a $125.00 price objective on shares of Micron Technology in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $129.76.

Insider Transactions at Micron Technology

In related news, Director Mary Pat Mccarthy sold 2,404 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was 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. This trade represents a 8.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the company's 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 completion of the transaction, the executive vice president now directly owns 164,769 shares of the company's stock, valued at approximately $15,847,482.42. The trade was a 8.34 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Micron Technology Stock Performance

Micron Technology stock traded up $1.82 during midday trading on Tuesday, hitting $88.71. The company's stock had a trading volume of 15,302,155 shares, compared to its average volume of 22,750,771. 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 company has a market cap of $99.14 billion, a price-to-earnings ratio of 25.56 and a beta of 1.23. Micron Technology, Inc. has a 1-year low of $83.54 and a 1-year high of $157.54. The company has a 50-day moving average price of $95.21 and a two-hundred day moving average price of $98.49.

Micron Technology (NASDAQ:MU - Get Free Report) last released its 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 company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 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 38.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.115 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.46 annualized dividend and a dividend yield of 0.52%. Micron Technology's payout ratio is 11.03%.

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.