Wealthcare Advisory Partners LLC Grows Stock Position in Micron Technology, Inc. (NASDAQ:MU)

Wealthcare Advisory Partners LLC grew its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,281 shares of the semiconductor manufacturer's stock after acquiring an additional 2,516 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Micron Technology were worth $1,762,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after acquiring an additional 976 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Micron Technology by 7.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 4,867 shares of the semiconductor manufacturer's stock worth $410,000 after purchasing an additional 330 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Micron Technology by 13.2% in the fourth quarter. Empowered Funds LLC now owns 61,364 shares of the semiconductor manufacturer's stock valued at $5,164,000 after purchasing an additional 7,176 shares in the last quarter. Soltis Investment Advisors LLC lifted its holdings in shares of Micron Technology by 5.1% in the fourth quarter. Soltis Investment Advisors LLC now owns 2,950 shares of the semiconductor manufacturer's stock valued at $248,000 after purchasing an additional 142 shares in the last quarter. Finally, Sapient Capital LLC boosted its position in shares of Micron Technology by 5.8% during the fourth quarter. Sapient Capital LLC now owns 4,343 shares of the semiconductor manufacturer's stock valued at $366,000 after buying an additional 240 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 3,562 shares of Micron Technology stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $110.46, for a total transaction of $393,458.52. Following the completion of the sale, the chief executive officer now owns 391,113 shares of the company's stock, valued at $43,202,341.98. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were 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 in the company, valued at $15,847,482.42. This trade represents a 8.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,904 shares of company stock valued at $4,665,124. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MU shares. Morgan Stanley lowered their price target on Micron Technology from $112.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Cantor Fitzgerald reissued an "overweight" rating and set a $130.00 target price on shares of Micron Technology in a research report on Friday, March 21st. Rosenblatt Securities cut their target price on Micron Technology from $250.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Wall Street Zen downgraded Micron Technology from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, JPMorgan Chase & Co. dropped their price target on Micron Technology from $145.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $129.00.

Micron Technology Price Performance

Micron Technology stock traded up $0.15 during midday trading on Thursday, reaching $116.18. 17,036,682 shares of the stock were exchanged, compared to its average volume of 23,684,590. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $157.54. 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 cap of $129.84 billion, a PE ratio of 33.48 and a beta of 1.28. The company's fifty day moving average is $86.24 and its 200-day moving average is $92.43.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results 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 net margin of 13.34% and a return on equity of 8.32%. The firm had revenue of $8.05 billion during the quarter, compared to analyst estimates of $7.93 billion. During the same period in the previous year, the business earned $0.42 EPS. The business's revenue for the quarter was up 38.2% on a year-over-year basis. On average, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.40%. Micron Technology's dividend payout ratio (DPR) is presently 11.03%.

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.