Micron Technology, Inc. (NASDAQ:MU) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. lowered its position in Micron Technology, Inc. (NASDAQ:MU) by 36.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 706 shares of the semiconductor manufacturer’s stock after selling 398 shares during the quarter. Johnson Financial Group Inc.’s holdings in Micron Technology were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Beacon Capital Management LLC increased its stake in shares of Micron Technology by 114.9% in the fourth quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Midwest Capital Advisors LLC acquired a new position in shares of Micron Technology during the fourth quarter valued at approximately $33,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Micron Technology during the fourth quarter valued at approximately $34,000. Curio Wealth LLC acquired a new position in shares of Micron Technology during the fourth quarter valued at approximately $34,000. Finally, Activest Wealth Management increased its stake in shares of Micron Technology by 583.3% during the fourth quarter. Activest Wealth Management now owns 410 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MU shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $130.00 price objective on shares of Micron Technology in a research note on Friday, March 21st. China Renaissance lowered shares of Micron Technology from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research note on Wednesday, March 26th. Morgan Stanley raised their price objective on shares of Micron Technology from $91.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Wells Fargo & Company reiterated an “equal weight” rating on shares of Micron Technology in a research note on Monday. Finally, Royal Bank of Canada set a $125.00 target price on shares of Micron Technology in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.04.

Insiders Place Their Bets

In other news, Director Mary Pat Mccarthy sold 2,404 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $92.93, for a total transaction of $223,403.72. Following the completion of the sale, the director now owns 27,358 shares in the company, valued at approximately $2,542,378.94. This represents a 8.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total value of $1,442,700.00. Following the sale, the executive vice president now owns 164,769 shares of the company’s stock, valued at approximately $15,847,482.42. This trade represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Micron Technology Stock Down 1.5 %

NASDAQ:MU opened at $78.56 on Tuesday. The firm has a market capitalization of $87.80 billion, a price-to-earnings ratio of 22.64 and a beta of 1.18. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $157.54. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average price is $85.19 and its 200 day moving average price is $94.62.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.13. The firm had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. Micron Technology’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.59%. The ex-dividend date was Monday, March 31st. Micron Technology’s payout ratio is currently 11.03%.

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.