Beck Bode LLC Sells 3,381 Shares of Micron Technology, Inc. (NASDAQ:MU)

Beck Bode LLC lessened its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,050 shares of the semiconductor manufacturer's stock after selling 3,381 shares during the quarter. Beck Bode LLC's holdings in Micron Technology were worth $846,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Beacon Capital Management LLC raised its stake in Micron Technology by 114.9% during the 4th 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 last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Micron Technology in the fourth quarter valued at about $33,000. Comprehensive Financial Planning Inc. PA acquired a new stake in Micron Technology during the fourth quarter worth about $34,000. Curio Wealth LLC acquired a new stake in Micron Technology during the fourth quarter worth about $34,000. Finally, Activest Wealth Management increased its stake in 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.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. China Renaissance cut Micron Technology from a "buy" rating to a "hold" rating and set a $84.00 price objective on the stock. in a research report on Wednesday, March 26th. Rosenblatt Securities lowered their price target on shares of Micron Technology from $250.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, March 21st. UBS Group dropped their price objective on shares of Micron Technology from $130.00 to $92.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Cantor Fitzgerald reiterated an "overweight" rating and set a $130.00 target price on shares of Micron Technology in a research report on Friday, March 21st. Finally, Morgan Stanley upped their target price 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Micron Technology has a consensus rating of "Moderate Buy" and an average target price of $127.04.

Micron Technology Stock Down 0.4 %

MU traded down $0.30 during trading on Monday, hitting $80.42. The company had a trading volume of 12,499,628 shares, compared to its average volume of 23,283,204. The firm's 50-day moving average price is $83.28 and its 200 day moving average price is $93.55. The company has a market capitalization of $89.88 billion, a PE ratio of 23.18 and a beta of 1.18. 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, Inc. has a one year low of $61.54 and a one year high of $157.54.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.13. The firm had revenue of $8.05 billion during the quarter, compared to the consensus estimate of $7.93 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The business's revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. As a group, equities analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, March 31st. Micron Technology's payout ratio is 11.03%.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the transaction, the executive vice president now directly owns 164,769 shares in the company, valued at approximately $15,847,482.42. The trade was a 8.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction on Monday, March 3rd. The shares were 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 of the company's stock, valued at approximately $2,542,378.94. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by company 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.