U.S. Capital Wealth Advisors LLC lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 20.2% during the fourth quarter, Holdings Channel reports. The firm owned 9,976 shares of the semiconductor manufacturer’s stock after buying an additional 1,674 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Micron Technology were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Greenleaf Trust raised its position in shares of Micron Technology by 1.6% during the 4th quarter. Greenleaf Trust now owns 31,775 shares of the semiconductor manufacturer’s stock worth $2,674,000 after purchasing an additional 499 shares during the period. Golden State Equity Partners grew its holdings in Micron Technology by 1,115.0% in the 4th quarter. Golden State Equity Partners now owns 7,351 shares of the semiconductor manufacturer’s stock worth $619,000 after buying an additional 6,746 shares in the last quarter. Avantra Family Wealth Inc. bought a new position in Micron Technology in the 4th quarter worth approximately $524,000. Tritonpoint Wealth LLC grew its holdings in Micron Technology by 6.5% in the 4th quarter. Tritonpoint Wealth LLC now owns 2,579 shares of the semiconductor manufacturer’s stock worth $217,000 after buying an additional 158 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in Micron Technology by 0.8% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 243,006 shares of the semiconductor manufacturer’s stock worth $20,451,000 after buying an additional 1,859 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Micron Technology Price Performance
MU opened at $90.66 on Wednesday. The stock has a fifty day moving average of $97.13 and a 200-day moving average of $99.55. The firm has a market capitalization of $101.01 billion, a P/E ratio of 26.13 and a beta of 1.18. Micron Technology, Inc. has a 12-month low of $79.15 and a 12-month 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a dividend of $0.115 per share. The ex-dividend date was Monday, December 30th. This represents a $0.46 annualized dividend and a dividend yield of 0.51%. Micron Technology’s dividend payout ratio is 13.26%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on MU shares. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Micron Technology in a report on Wednesday, December 18th. JPMorgan Chase & Co. decreased their price objective on Micron Technology from $180.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Stifel Nicolaus decreased their price objective on Micron Technology from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Robert W. Baird decreased their price target on Micron Technology from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Finally, Wells Fargo & Company decreased their price target on Micron Technology from $175.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One equities research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.96.
Read Our Latest Stock Analysis on MU
Insider Buying and Selling
In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the 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 transaction, the executive vice president now directly owns 181,223 shares of the company’s stock, valued at $15,442,011.83. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate 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.
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