Micron Technology, Inc. (NASDAQ:MU) Shares Purchased by SWS Partners

SWS Partners raised its position in Micron Technology, Inc. (NASDAQ:MU) by 30.8% in the fourth quarter, Holdings Channel reports. The fund owned 20,998 shares of the semiconductor manufacturer’s stock after buying an additional 4,945 shares during the period. SWS Partners’ holdings in Micron Technology were worth $1,770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB increased its holdings in shares of Micron Technology by 30.4% in the 3rd quarter. Swedbank AB now owns 3,455,819 shares of the semiconductor manufacturer’s stock valued at $358,403,000 after acquiring an additional 806,639 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Micron Technology by 41.4% in the third quarter. Chicago Partners Investment Group LLC now owns 9,170 shares of the semiconductor manufacturer’s stock valued at $963,000 after purchasing an additional 2,683 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Micron Technology by 12.1% during the third quarter. Janney Montgomery Scott LLC now owns 120,731 shares of the semiconductor manufacturer’s stock worth $12,521,000 after purchasing an additional 13,051 shares in the last quarter. BSW Wealth Partners raised its holdings in Micron Technology by 20.5% during the third quarter. BSW Wealth Partners now owns 4,457 shares of the semiconductor manufacturer’s stock worth $462,000 after purchasing an additional 759 shares in the last quarter. Finally, KG&L Capital Management LLC purchased a new stake in shares of Micron Technology during the 3rd quarter worth approximately $1,178,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Down 3.3 %

MU opened at $90.54 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75. Micron Technology, Inc. has a 12 month low of $83.54 and a 12 month high of $157.54. The stock has a market capitalization of $100.88 billion, a P/E ratio of 26.09 and a beta of 1.18. The business has a 50 day simple moving average of $95.77 and a 200-day simple moving average of $98.75.

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

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.46 dividend on an annualized basis and a yield of 0.51%. Micron Technology’s dividend payout ratio (DPR) is presently 13.26%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. UBS Group dropped their target price 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. Wells Fargo & Company dropped their price objective on Micron Technology from $175.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Morgan Stanley reduced their target price on Micron Technology from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Needham & Company LLC dropped their price target on Micron Technology from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Barclays cut their price target on Micron Technology from $145.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.96.

Insider Buying and Selling at Micron Technology

In other news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction 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 of the company’s stock, valued at $15,442,011.83. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

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.