Micron Technology, Inc. (NASDAQ:MU) Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC grew its stake in Micron Technology, Inc. (NASDAQ:MU) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,012 shares of the semiconductor manufacturer’s stock after buying an additional 1,717 shares during the period. CWA Asset Management Group LLC’s holdings in Micron Technology were worth $4,041,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB raised its position in Micron Technology by 6.2% during the 4th quarter. Nordea Investment Management AB now owns 286,363 shares of the semiconductor manufacturer’s stock worth $24,327,000 after buying an additional 16,622 shares during the last quarter. Everence Capital Management Inc. raised its holdings in shares of Micron Technology by 12.2% during the fourth quarter. Everence Capital Management Inc. now owns 27,900 shares of the semiconductor manufacturer’s stock worth $2,348,000 after purchasing an additional 3,040 shares during the last quarter. NRI Wealth Management LC acquired a new position in Micron Technology during the fourth quarter valued at $1,010,000. GAMMA Investing LLC boosted its holdings in Micron Technology by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 17,894 shares of the semiconductor manufacturer’s stock valued at $1,506,000 after purchasing an additional 2,295 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Micron Technology by 80.6% during the 4th quarter. Versant Capital Management Inc now owns 2,662 shares of the semiconductor manufacturer’s stock worth $224,000 after purchasing an additional 1,188 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 4,890 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $85.21, for a total transaction of $416,676.90. Following the completion of the sale, the executive vice president now directly owns 181,223 shares of the company’s stock, valued at approximately $15,442,011.83. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

Micron Technology Trading Up 10.9 %

MU traded up $9.78 during trading on Monday, hitting $99.65. The company’s stock had a trading volume of 19,412,524 shares, compared to its average volume of 17,914,459. The firm’s 50 day moving average price is $99.06 and its 200-day moving average price is $104.61. Micron Technology, Inc. has a twelve month low of $79.15 and a twelve month high of $157.54. The stock has a market cap of $111.03 billion, a PE ratio of 146.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.64 and a quick ratio of 1.68.

Micron Technology (NASDAQ:MU) 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. The company had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.71 billion. Micron Technology had a net margin of 3.10% and a return on equity of 1.58%. Micron Technology’s revenue was up 84.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.95) earnings per share. On average, analysts expect that Micron Technology, Inc. will post 8.31 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.46 annualized dividend and a yield of 0.46%. Micron Technology’s dividend payout ratio is currently 13.26%.

Analysts Set New Price Targets

MU has been the subject of a number of analyst reports. China Renaissance started coverage on Micron Technology in a report on Monday, October 28th. They issued a “buy” rating and a $148.00 price target for the company. The Goldman Sachs Group decreased their target price on Micron Technology from $145.00 to $128.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. TD Cowen reduced their price objective 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. Susquehanna decreased their price objective on shares of Micron Technology from $175.00 to $165.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Finally, Raymond James upped their price target on shares of Micron Technology from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.24.

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.