World Investment Advisors Has $612,000 Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

World Investment Advisors increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 119.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,269 shares of the semiconductor manufacturer's stock after buying an additional 3,954 shares during the quarter. World Investment Advisors' holdings in Micron Technology were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. OneAscent Financial Services LLC grew its stake in shares of Micron Technology by 61.5% in the 4th quarter. OneAscent Financial Services LLC now owns 3,162 shares of the semiconductor manufacturer's stock valued at $266,000 after buying an additional 1,204 shares in the last quarter. Meeder Advisory Services Inc. grew its position in Micron Technology by 0.8% in the fourth quarter. Meeder Advisory Services Inc. now owns 19,821 shares of the semiconductor manufacturer's stock worth $1,668,000 after acquiring an additional 165 shares in the last quarter. Geode Capital Management LLC grew its position in Micron Technology by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 24,449,827 shares of the semiconductor manufacturer's stock worth $2,052,973,000 after acquiring an additional 726,282 shares in the last quarter. Nemes Rush Group LLC acquired a new position in shares of Micron Technology during the 4th quarter worth $40,000. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in shares of Micron Technology by 22.6% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 5,474 shares of the semiconductor manufacturer's stock valued at $461,000 after purchasing an additional 1,010 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Micron Technology

In other news, Director Mary Pat Mccarthy sold 2,404 shares of the business'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 completion of the transaction, the director now owns 27,358 shares of the company's stock, valued at approximately $2,542,378.94. The trade was a 8.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total transaction 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 $15,847,482.42. This trade represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

Micron Technology Stock Performance

Shares of MU stock traded down $0.50 during trading on Friday, reaching $69.55. 30,755,036 shares of the company's stock were exchanged, compared to its average volume of 23,245,779. The firm's fifty day moving average price is $90.66 and its 200-day moving average price is $97.09. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $157.54. The stock has a market capitalization of $77.73 billion, a PE ratio of 20.04 and a beta of 1.18. The company has a quick ratio of 1.75, a current ratio of 2.72 and a debt-to-equity ratio of 0.28.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.13. The business had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. Micron Technology's quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.115 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.46 annualized dividend and a yield of 0.66%. Micron Technology's dividend payout ratio is presently 11.03%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MU shares. Wells Fargo & Company cut their target price on Micron Technology from $140.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. TD Cowen cut their price objective on Micron Technology from $135.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. The Goldman Sachs Group decreased their target price on Micron Technology from $145.00 to $128.00 and set a "buy" rating for the company in a research 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, Needham & Company LLC decreased their price objective on shares of Micron Technology from $140.00 to $120.00 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 given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $129.36.

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.