United Capital Management of KS Inc. Takes Position in Micron Technology, Inc. (NASDAQ:MU)

United Capital Management of KS Inc. bought a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,280 shares of the semiconductor manufacturer’s stock, valued at approximately $1,202,000.

A number of other large investors have also recently made changes to their positions in the stock. Sienna Gestion bought a new stake in shares of Micron Technology in the fourth quarter valued at about $4,497,000. Midwest Professional Planners LTD. raised its holdings in shares of Micron Technology by 4.0% in the fourth quarter. Midwest Professional Planners LTD. now owns 8,678 shares of the semiconductor manufacturer’s stock valued at $730,000 after acquiring an additional 337 shares in the last quarter. Postrock Partners LLC bought a new stake in shares of Micron Technology in the fourth quarter valued at about $464,000. Intact Investment Management Inc. raised its holdings in shares of Micron Technology by 11.3% in the fourth quarter. Intact Investment Management Inc. now owns 6,300 shares of the semiconductor manufacturer’s stock valued at $530,000 after acquiring an additional 640 shares in the last quarter. Finally, Northwest Wealth Management LLC raised its holdings in shares of Micron Technology by 7.4% in the fourth quarter. Northwest Wealth Management LLC now owns 2,828 shares of the semiconductor manufacturer’s stock valued at $238,000 after acquiring an additional 196 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 4,890 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $85.21, for a total transaction of $416,676.90. Following the completion of the transaction, the executive vice president now directly owns 181,223 shares of the company’s stock, valued at $15,442,011.83. This represents a 2.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary Pat Mccarthy sold 2,404 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $92.93, for a total value of $223,403.72. Following the transaction, the director now directly owns 27,358 shares of the company’s stock, valued at approximately $2,542,378.94. The trade was a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $100.79 on Friday. The business’s 50 day moving average price is $96.72 and its 200 day moving average price is $98.05. The firm has a market cap of $112.30 billion, a P/E ratio of 29.05 and a beta of 1.23. Micron Technology, Inc. has a 52 week low of $83.54 and a 52 week high of $157.54. 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 (NASDAQ:MU) last issued its earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.19. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The firm had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the prior year, the firm earned ($0.95) earnings per share. Micron Technology’s revenue for the quarter was up 84.3% on a year-over-year basis. On average, sell-side 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 Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.46 annualized dividend and a yield of 0.46%. Micron Technology’s dividend payout ratio is presently 13.26%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MU. Cantor Fitzgerald decreased their price objective on Micron Technology from $150.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. The Goldman Sachs Group decreased their price objective on Micron Technology from $145.00 to $128.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Morgan Stanley reduced their target price on shares of Micron Technology from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Sanford C. Bernstein reduced their target price on shares of Micron Technology from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Micron Technology from $180.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.56.

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.