Wealthcare Advisory Partners LLC Grows Position in Micron Technology, Inc. (NASDAQ:MU)

Wealthcare Advisory Partners LLC grew its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 22.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,765 shares of the semiconductor manufacturer's stock after purchasing an additional 3,217 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Micron Technology were worth $1,495,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. ProVise Management Group LLC acquired a new position in shares of Micron Technology during the 2nd quarter valued at about $236,000. Intech Investment Management LLC boosted its holdings in Micron Technology by 111.3% in the 2nd quarter. Intech Investment Management LLC now owns 93,026 shares of the semiconductor manufacturer's stock valued at $12,236,000 after purchasing an additional 49,001 shares during the last quarter. Ieq Capital LLC grew its stake in shares of Micron Technology by 10.8% in the 2nd quarter. Ieq Capital LLC now owns 56,017 shares of the semiconductor manufacturer's stock valued at $7,368,000 after buying an additional 5,473 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Micron Technology by 17.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,163 shares of the semiconductor manufacturer's stock valued at $547,000 after buying an additional 618 shares during the period. Finally, AE Wealth Management LLC increased its holdings in shares of Micron Technology by 143.0% during the 2nd quarter. AE Wealth Management LLC now owns 12,636 shares of the semiconductor manufacturer's stock worth $1,662,000 after buying an additional 7,435 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

NASDAQ MU traded up $3.15 during trading on Friday, reaching $105.75. The company's stock had a trading volume of 18,832,956 shares, compared to its average volume of 29,325,942. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72. The business's fifty day moving average price is $97.87 and its 200-day moving average price is $102.27. The firm has a market cap of $117.82 billion, a price-to-earnings ratio of 30.48 and a beta of 1.18. Micron Technology, Inc. has a twelve month low of $79.15 and a twelve month high of $157.54.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $8.71 billion. During the same period in the prior year, the company posted ($0.95) EPS. The business's revenue for the quarter was up 84.3% on a year-over-year basis. As a group, analysts anticipate that Micron Technology, Inc. will post 6.25 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.46 annualized dividend and a dividend yield of 0.43%. Micron Technology's dividend payout ratio is presently 13.26%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MU. Wedbush reissued an "outperform" rating and set a $140.00 price objective on shares of Micron Technology in a research report on Tuesday, December 17th. UBS Group dropped their price target on shares of Micron Technology from $135.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company decreased their price objective on shares of Micron Technology from $175.00 to $140.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 target price on shares of Micron Technology in a report on Wednesday, December 18th. Finally, Cantor Fitzgerald decreased their price target on Micron Technology from $150.00 to $130.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Micron Technology currently has an average rating of "Moderate Buy" and an average price target of $135.24.

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 4,890 shares of the business's stock in a transaction 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 directly owns 181,223 shares of the company's stock, 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 SEC, which is available 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.