Micron Technology, Inc. (NASDAQ:MU) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. decreased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 43.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,960 shares of the semiconductor manufacturer's stock after selling 8,440 shares during the period. Cozad Asset Management Inc.'s holdings in Micron Technology were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MU. Exchange Traded Concepts LLC increased its stake in Micron Technology by 411.2% in the third quarter. Exchange Traded Concepts LLC now owns 4,657 shares of the semiconductor manufacturer's stock worth $317,000 after purchasing an additional 3,746 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in shares of Micron Technology by 64.6% in the third quarter. Kingswood Wealth Advisors LLC now owns 5,706 shares of the semiconductor manufacturer's stock valued at $388,000 after acquiring an additional 2,240 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Micron Technology by 10.2% in the third quarter. Stratos Wealth Partners LTD. now owns 14,636 shares of the semiconductor manufacturer's stock valued at $996,000 after acquiring an additional 1,355 shares in the last quarter. Independent Advisor Alliance raised its holdings in shares of Micron Technology by 20.9% in the third quarter. Independent Advisor Alliance now owns 54,730 shares of the semiconductor manufacturer's stock valued at $3,723,000 after acquiring an additional 9,443 shares in the last quarter. Finally, NorthRock Partners LLC bought a new stake in shares of Micron Technology in the third quarter valued at about $214,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $114.87, for a total transaction of $804,090.00. Following the transaction, the chief executive officer now owns 719,049 shares in the company, valued at approximately $82,597,158.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP April S. Arnzen sold 4,890 shares of the business's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $119.30, for a total value of $583,377.00. Following the completion of the transaction, the executive vice president now directly owns 148,817 shares of the company's stock, valued at $17,753,868.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 7,000 shares of the company's stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $114.87, for a total value of $804,090.00. Following the completion of the sale, the chief executive officer now directly owns 719,049 shares of the company's stock, valued at approximately $82,597,158.63. The disclosure for this sale can be found here. Insiders have sold 268,890 shares of company stock worth $29,933,617 in the last quarter. 0.32% of the stock is owned by insiders.

Micron Technology Stock Up 2.4 %

MU stock traded up $2.63 during mid-day trading on Thursday, reaching $112.33. The company had a trading volume of 12,890,870 shares, compared to its average volume of 20,316,947. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.40 and a current ratio of 3.74. The company has a market capitalization of $124.39 billion, a price-to-earnings ratio of -32.06 and a beta of 1.27. The firm has a fifty day simple moving average of $107.85 and a 200 day simple moving average of $89.19. Micron Technology, Inc. has a fifty-two week low of $59.55 and a fifty-two week high of $130.54.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.27) by $0.69. Micron Technology had a negative return on equity of 8.98% and a negative net margin of 20.57%. The company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter last year, the company earned ($2.03) EPS. Micron Technology's revenue for the quarter was up 57.7% compared to the same quarter last year. Analysts forecast that Micron Technology, Inc. will post 0.24 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Monday, April 1st were paid a dividend of $0.115 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.46 dividend on an annualized basis and a yield of 0.41%. Micron Technology's dividend payout ratio is presently -13.33%.

Analysts Set New Price Targets

MU has been the subject of a number of recent research reports. StockNews.com upgraded shares of Micron Technology from a "sell" rating to a "hold" rating in a report on Friday, March 22nd. UBS Group boosted their price target on Micron Technology from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, March 19th. Raymond James upped their target price on Micron Technology from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, January 19th. KeyCorp upped their target price on Micron Technology from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Finally, Robert W. Baird boosted their price target on Micron Technology from $78.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.20.

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.