Banco Bilbao Vizcaya Argentaria S.A. Sells 12,191 Shares of Micron Technology, Inc. (NASDAQ:MU)

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,983 shares of the semiconductor manufacturer's stock after selling 12,191 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Micron Technology were worth $21,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Beacon Capital Management LLC boosted its holdings in 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 acquiring an additional 200 shares during the last quarter. Midwest Capital Advisors LLC bought a new stake in Micron Technology in the 4th quarter valued at about $33,000. Activest Wealth Management increased its holdings 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 purchasing an additional 350 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Micron Technology during the 4th quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Micron Technology during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Performance

MU traded down $2.38 during trading hours on Monday, hitting $77.41. The company's stock had a trading volume of 8,108,756 shares, compared to its average volume of 23,222,282. The firm has a market capitalization of $86.51 billion, a PE ratio of 22.28 and a beta of 1.18. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $157.54. The company has a 50-day simple moving average of $85.71 and a 200 day simple moving average of $94.82. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 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 for the quarter, compared to analyst estimates of $7.93 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. The firm's revenue for the quarter was up 38.2% on a year-over-year basis. As a group, sell-side analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Activity

In other news, 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 transaction of $223,403.72. Following the completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the business'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 transaction, the executive vice president now owns 164,769 shares of the company's stock, valued at approximately $15,847,482.42. The trade was a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MU has been the topic of a number of recent research reports. Wells Fargo & Company cut their price target on shares of Micron Technology from $140.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Morgan Stanley lifted their price objective on Micron Technology from $91.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Robert W. Baird boosted their target price on Micron Technology from $130.00 to $163.00 and gave the company an "outperform" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reduced their price target on Micron Technology from $145.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Finally, Royal Bank of Canada set a $125.00 price objective on shares of Micron Technology in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $128.56.

About Micron Technology

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.