Cwm LLC Boosts Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Cwm LLC lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,522 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,175 shares during the quarter. Cwm LLC’s holdings in Micron Technology were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Northern Trust Corp increased its holdings in Micron Technology by 0.7% in the third quarter. Northern Trust Corp now owns 10,833,670 shares of the semiconductor manufacturer’s stock valued at $737,015,000 after buying an additional 80,345 shares during the last quarter. L2 Asset Management LLC increased its holdings in Micron Technology by 492.3% in the third quarter. L2 Asset Management LLC now owns 26,444 shares of the semiconductor manufacturer’s stock valued at $1,799,000 after buying an additional 21,979 shares during the last quarter. Invesco Ltd. boosted its stake in Micron Technology by 11.8% in the third quarter. Invesco Ltd. now owns 8,807,926 shares of the semiconductor manufacturer’s stock valued at $599,203,000 after acquiring an additional 927,302 shares in the last quarter. Merlin Capital Inc acquired a new position in Micron Technology in the third quarter valued at $407,000. Finally, Amitell Capital Pte Ltd boosted its stake in Micron Technology by 97.9% in the third quarter. Amitell Capital Pte Ltd now owns 95,210 shares of the semiconductor manufacturer’s stock valued at $6,477,000 after acquiring an additional 47,105 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Down 0.2 %

Shares of NASDAQ MU opened at $111.58 on Friday. Micron Technology, Inc. has a 1 year low of $59.34 and a 1 year high of $130.54. The firm’s 50 day moving average price is $105.24 and its 200 day moving average price is $87.85. The firm has a market cap of $123.56 billion, a P/E ratio of -32.34 and a beta of 1.27. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.40 and a current ratio of 3.74.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.69. The firm had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.35 billion. Micron Technology had a negative net margin of 20.57% and a negative return on equity of 8.98%. Micron Technology’s revenue was up 57.7% compared to the same quarter last year. During the same quarter last year, the business earned ($2.03) earnings per share. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 0.24 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st were issued a $0.115 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.41%. Micron Technology’s dividend payout ratio (DPR) is presently -13.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MU shares. Cantor Fitzgerald upped their price objective on shares of Micron Technology from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Raymond James upped their price objective on shares of Micron Technology from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Bank of America upped their price objective on shares of Micron Technology from $120.00 to $144.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Robert W. Baird upped their price objective on shares of Micron Technology from $78.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Finally, Argus upgraded shares of Micron Technology from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Micron Technology presently has an average rating of “Moderate Buy” and a consensus price target of $122.20.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 7,000 shares of Micron Technology stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $87.02, for a total value of $609,140.00. Following the transaction, the chief executive officer now owns 788,557 shares in the company, valued at approximately $68,620,230.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $119.30, for a total transaction of $583,377.00. Following the transaction, the executive vice president now owns 148,817 shares in the company, valued at approximately $17,753,868.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 7,000 shares of Micron Technology stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $87.02, for a total transaction of $609,140.00. Following the transaction, the chief executive officer now owns 788,557 shares in the company, valued at approximately $68,620,230.14. The disclosure for this sale can be found here. Insiders have sold a total of 268,890 shares of company stock worth $29,738,667 in the last quarter. 0.32% of the stock is owned by 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.