VisionPoint Advisory Group LLC Has $1.21 Million Stake in Micron Technology, Inc. (NASDAQ:MU)

VisionPoint Advisory Group LLC lessened its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,880 shares of the semiconductor manufacturer's stock after selling 2,461 shares during the quarter. VisionPoint Advisory Group LLC's holdings in Micron Technology were worth $1,212,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Highline Wealth Partners LLC purchased a new position in Micron Technology in the 3rd quarter worth approximately $26,000. Beacon Capital Management LLC increased its stake in shares of Micron Technology by 114.9% in the fourth quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 200 shares during the last quarter. True Wealth Design LLC raised 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 acquiring an additional 296 shares in the last quarter. DT Investment Partners LLC lifted its position 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 worth $34,000 after purchasing an additional 235 shares during the last quarter. Finally, Stone House Investment Management LLC increased its holdings in Micron Technology by 602.2% in the third quarter. Stone House Investment Management LLC now owns 323 shares of the semiconductor manufacturer's stock valued at $34,000 after buying an additional 277 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $85.21, for a total value of $416,676.90. Following the completion of the sale, the executive vice president now directly owns 181,223 shares in the company, valued at $15,442,011.83. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MU. Morgan Stanley reduced their price objective 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. UBS Group reduced their price target on shares of Micron Technology from $135.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Bank of America downgraded shares of Micron Technology from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $125.00 to $110.00 in a research report on Thursday, December 19th. China Renaissance assumed coverage on shares of Micron Technology in a report on Monday, October 28th. They issued a "buy" rating and a $148.00 target price on the stock. Finally, The Goldman Sachs Group lowered their target price on Micron Technology from $145.00 to $128.00 and set a "buy" rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $134.96.

Micron Technology Trading Down 4.3 %

Shares of Micron Technology stock traded down $4.40 on Friday, reaching $98.78. 18,633,227 shares of the company were exchanged, compared to its average volume of 22,918,740. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Micron Technology, Inc. has a fifty-two week low of $83.54 and a fifty-two week high of $157.54. The firm has a market capitalization of $110.06 billion, a price-to-earnings ratio of 28.47 and a beta of 1.18. The stock has a fifty day moving average price of $96.35 and a 200-day moving average price of $98.70.

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 for the quarter, topping the consensus estimate of $1.60 by $0.19. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The business had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period last year, the firm posted ($0.95) earnings per share. The firm's quarterly revenue was up 84.3% compared to the same quarter last year. On average, analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

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.