Micron Technology, Inc. (NASDAQ:MU) Shares Acquired by Childress Capital Advisors LLC

Childress Capital Advisors LLC increased its position in Micron Technology, Inc. (NASDAQ:MU) by 114.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,206 shares of the semiconductor manufacturer’s stock after buying an additional 3,838 shares during the period. Childress Capital Advisors LLC’s holdings in Micron Technology were worth $606,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank increased its position in shares of Micron Technology by 7.1% in the third quarter. Czech National Bank now owns 225,924 shares of the semiconductor manufacturer’s stock worth $23,431,000 after acquiring an additional 14,902 shares in the last quarter. GAMMA Investing LLC increased its holdings in Micron Technology by 12.1% in the 3rd quarter. GAMMA Investing LLC now owns 15,599 shares of the semiconductor manufacturer’s stock valued at $1,618,000 after purchasing an additional 1,689 shares in the last quarter. Diversified Trust Co raised its position in Micron Technology by 37.0% in the third quarter. Diversified Trust Co now owns 22,202 shares of the semiconductor manufacturer’s stock valued at $2,303,000 after purchasing an additional 5,995 shares during the period. Eagle Rock Investment Company LLC lifted its stake in shares of Micron Technology by 11.6% during the third quarter. Eagle Rock Investment Company LLC now owns 64,102 shares of the semiconductor manufacturer’s stock worth $6,648,000 after purchasing an additional 6,684 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Micron Technology by 46.8% in the third quarter. Fulton Bank N.A. now owns 9,175 shares of the semiconductor manufacturer’s stock worth $952,000 after buying an additional 2,926 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MU. Robert W. Baird dropped their target price on Micron Technology from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Micron Technology in a research note on Wednesday, December 18th. China Renaissance initiated coverage on shares of Micron Technology in a research note on Monday, October 28th. They issued a “buy” rating and a $148.00 target price for the company. JPMorgan Chase & Co. dropped their price target on shares of Micron Technology from $180.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Micron Technology from $175.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $134.96.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $89.92 on Tuesday. The company has a market cap of $100.19 billion, a PE ratio of 25.91 and a beta of 1.18. Micron Technology, Inc. has a fifty-two week low of $79.15 and a fifty-two week high of $157.54. The firm has a 50-day simple moving average of $97.43 and a 200 day simple moving average of $99.74. 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 posted its earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, beating the consensus estimate of $1.60 by $0.19. The company had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.71 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The business’s revenue was up 84.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.95) earnings per share. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 6.29 EPS for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, December 30th. Micron Technology’s payout ratio is 13.26%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the business’s stock in a transaction 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 owns 181,223 shares in the company, valued at approximately $15,442,011.83. The trade was a 2.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

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.