Level Four Advisory Services LLC Boosts Stake in Micron Technology, Inc. (NASDAQ:MU)

Level Four Advisory Services LLC raised its stake in Micron Technology, Inc. (NASDAQ:MU) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,584 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,350 shares during the quarter. Level Four Advisory Services LLC’s holdings in Micron Technology were worth $5,351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Algert Global LLC lifted its position in Micron Technology by 349.4% during the third quarter. Algert Global LLC now owns 11,092 shares of the semiconductor manufacturer’s stock worth $1,150,000 after buying an additional 8,624 shares during the period. Larson Financial Group LLC boosted its holdings in Micron Technology by 885.5% in the third quarter. Larson Financial Group LLC now owns 1,360 shares of the semiconductor manufacturer’s stock valued at $141,000 after acquiring an additional 1,222 shares during the last quarter. Fisher Asset Management LLC increased its stake in Micron Technology by 6.5% during the third quarter. Fisher Asset Management LLC now owns 50,470 shares of the semiconductor manufacturer’s stock worth $5,234,000 after acquiring an additional 3,069 shares during the last quarter. Townsquare Capital LLC raised its holdings in Micron Technology by 38.1% in the third quarter. Townsquare Capital LLC now owns 20,811 shares of the semiconductor manufacturer’s stock valued at $2,158,000 after buying an additional 5,737 shares during the period. Finally, Freedom Investment Management Inc. lifted its holdings in shares of Micron Technology by 68.3% during the 3rd quarter. Freedom Investment Management Inc. now owns 5,817 shares of the semiconductor manufacturer’s stock valued at $603,000 after acquiring an additional 2,361 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $88.44 on Friday. The company has a market cap of $98.84 billion, a PE ratio of 25.49 and a beta of 1.23. The firm has a 50-day simple moving average of $96.00 and a 200 day simple moving average of $98.37. Micron Technology, Inc. has a fifty-two week low of $83.54 and a fifty-two week high of $157.54. 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) last released its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The business had revenue of $8.05 billion during the quarter, compared to analyst estimates of $7.93 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 38.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.115 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.46 annualized dividend and a yield of 0.52%. Micron Technology’s dividend payout ratio is presently 11.03%.

Analyst Upgrades and Downgrades

MU has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $130.00 price objective on shares of Micron Technology in a research note on Friday, March 21st. The Goldman Sachs Group lowered their price objective on shares of Micron Technology from $145.00 to $128.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Citigroup reduced their target price on shares of Micron Technology from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Wedbush reaffirmed an “outperform” rating and set a $125.00 price target on shares of Micron Technology in a report on Monday, March 17th. Finally, Rosenblatt Securities cut their price objective on shares of Micron Technology from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $129.76.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on 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 sale, the executive vice president now owns 164,769 shares of the company’s stock, valued at $15,847,482.42. The trade was a 8.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $92.93, for a total value of $223,403.72. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Micron Technology Company 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.