Beck Bode LLC Has $846,000 Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Beck Bode LLC lowered its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 25.2% during the fourth quarter, according to its most recent Form 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 period. Beck Bode LLC's holdings in Micron Technology were worth $846,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MU. World Investment Advisors LLC boosted its position in shares of Micron Technology by 103.7% during the third quarter. World Investment Advisors LLC now owns 3,315 shares of the semiconductor manufacturer's stock worth $344,000 after purchasing an additional 1,688 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Micron Technology in the 3rd quarter valued at about $576,000. Synovus Financial Corp increased its holdings in shares of Micron Technology by 58.8% in the third quarter. Synovus Financial Corp now owns 21,859 shares of the semiconductor manufacturer's stock valued at $2,267,000 after purchasing an additional 8,095 shares during the last quarter. Peapack Gladstone Financial Corp grew its holdings in Micron Technology by 3.2% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 13,102 shares of the semiconductor manufacturer's stock valued at $1,359,000 after buying an additional 411 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Micron Technology by 4.6% during the third quarter. Franklin Resources Inc. now owns 7,283,124 shares of the semiconductor manufacturer's stock worth $789,054,000 after buying an additional 321,955 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company reissued an "equal weight" rating on shares of Micron Technology in a research note on Monday, April 28th. China Renaissance downgraded shares of Micron Technology from a "buy" rating to a "hold" rating and set a $84.00 price target for the company. in a research note on Wednesday, March 26th. Royal Bank of Canada set a $125.00 price target on shares of Micron Technology in a research note on Wednesday, March 19th. Cantor Fitzgerald reiterated an "overweight" rating and set a $130.00 price target on shares of Micron Technology in a report on Friday, March 21st. Finally, Wedbush reissued an "underperform" rating on shares of Micron Technology in a research report on Monday, April 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.48.

Micron Technology Trading Up 4.1 %

NASDAQ MU traded up $3.40 during trading hours on Thursday, hitting $86.02. 10,440,704 shares of the company's stock were exchanged, compared to its average volume of 23,206,133. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72. The firm has a market capitalization of $96.13 billion, a P/E ratio of 24.79 and a beta of 1.21. The business's 50 day moving average is $82.84 and its 200-day moving average is $93.39. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $157.54.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.13. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The firm had revenue of $8.05 billion for the quarter, compared to analysts' expectations of $7.93 billion. During the same quarter last year, the company posted $0.42 earnings per share. Micron Technology's revenue was up 38.2% on a year-over-year basis. As a group, analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal 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 dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, March 31st. Micron Technology's dividend payout ratio is 11.03%.

Insider Buying and Selling

In related news, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.00, for a total value of $192,320.00. Following the completion of the transaction, the director now directly owns 24,954 shares in the company, valued at approximately $1,996,320. The trade was a 8.79 % decrease in their position. The sale was disclosed in a document filed 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 on Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the completion of the sale, the executive vice president now directly owns 164,769 shares in the company, valued at approximately $15,847,482.42. This represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,808 shares of company stock valued at $1,858,424. Insiders own 0.30% of the company's stock.

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.