Epoch Investment Partners Inc. Has $730,000 Stock Position in Micron Technology, Inc. (NASDAQ:MU)

Epoch Investment Partners Inc. cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 12.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,188 shares of the semiconductor manufacturer’s stock after selling 861 shares during the period. Epoch Investment Partners Inc.’s holdings in Micron Technology were worth $730,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. 1832 Asset Management L.P. grew its holdings in shares of Micron Technology by 301,500.0% during the first quarter. 1832 Asset Management L.P. now owns 1,809,600 shares of the semiconductor manufacturer’s stock worth $213,334,000 after purchasing an additional 1,809,000 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Micron Technology during the first quarter worth about $99,653,000. Hhlr Advisors LTD. bought a new stake in shares of Micron Technology during the first quarter worth about $8,500,000. Cloverfields Capital Group LP grew its holdings in shares of Micron Technology by 3.5% during the first quarter. Cloverfields Capital Group LP now owns 54,316 shares of the semiconductor manufacturer’s stock worth $6,403,000 after purchasing an additional 1,829 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Micron Technology in the first quarter worth approximately $290,000. 80.84% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Michael W. Bokan sold 15,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $115.55, for a total transaction of $1,733,250.00. Following the sale, the senior vice president now owns 153,387 shares of the company’s stock, valued at approximately $17,723,867.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Michael W. Bokan sold 15,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $115.55, for a total transaction of $1,733,250.00. Following the sale, the senior vice president now owns 153,387 shares of the company’s stock, valued at approximately $17,723,867.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $135.86, for a total value of $664,355.40. Following the sale, the executive vice president now directly owns 142,321 shares in the company, valued at approximately $19,335,731.06. The disclosure for this sale can be found here. Insiders have sold 236,730 shares of company stock valued at $29,435,039 in the last 90 days. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MU. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Micron Technology in a research note on Thursday, June 27th. Needham & Company LLC lifted their price objective on Micron Technology from $120.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Robert W. Baird lifted their price objective on Micron Technology from $150.00 to $172.00 and gave the stock an “outperform” rating in a research note on Monday, June 24th. Bank of America lifted their price objective on Micron Technology from $144.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, Cantor Fitzgerald lifted their price objective on Micron Technology from $150.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.72.

Micron Technology Stock Performance

NASDAQ:MU traded up $1.96 during trading on Friday, reaching $109.41. The company’s stock had a trading volume of 18,547,885 shares, compared to its average volume of 22,686,388. The company has a quick ratio of 2.16, a current ratio of 3.41 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $131.01 and a 200-day moving average of $112.04. Micron Technology, Inc. has a 12 month low of $61.75 and a 12 month high of $157.54.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 26th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.67 billion. Micron Technology had a negative return on equity of 4.01% and a negative net margin of 7.20%. The business’s revenue for the quarter was up 81.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.57) EPS. Equities analysts forecast that Micron Technology, Inc. will post 0.58 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Monday, July 8th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.42%. Micron Technology’s dividend payout ratio is presently -32.39%.

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.