Watts Gwilliam & Co. LLC Has $601,000 Holdings in Micron Technology, Inc. (NASDAQ:MU)

Watts Gwilliam & Co. LLC trimmed its position in Micron Technology, Inc. (NASDAQ:MU) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,142 shares of the semiconductor manufacturer’s stock after selling 802 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in Micron Technology were worth $601,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Quest Partners LLC lifted its stake in Micron Technology by 7,328.6% in the 2nd quarter. Quest Partners LLC now owns 520 shares of the semiconductor manufacturer’s stock worth $68,000 after acquiring an additional 513 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Micron Technology by 7.6% in the second quarter. Coldstream Capital Management Inc. now owns 12,880 shares of the semiconductor manufacturer’s stock worth $1,694,000 after purchasing an additional 908 shares in the last quarter. AGF Management Ltd. boosted its holdings in shares of Micron Technology by 38.1% during the second quarter. AGF Management Ltd. now owns 18,449 shares of the semiconductor manufacturer’s stock worth $2,427,000 after purchasing an additional 5,092 shares during the period. LPL Financial LLC grew its position in Micron Technology by 40.2% during the second quarter. LPL Financial LLC now owns 687,438 shares of the semiconductor manufacturer’s stock valued at $90,419,000 after purchasing an additional 196,949 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Micron Technology by 158.8% in the 2nd quarter. American Century Companies Inc. now owns 561,783 shares of the semiconductor manufacturer’s stock valued at $73,891,000 after buying an additional 344,720 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $85.21, for a total value of $416,676.90. Following the completion of the transaction, the executive vice president now owns 181,223 shares of the company’s stock, valued at $15,442,011.83. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

Micron Technology Trading Down 2.5 %

Shares of MU stock opened at $99.41 on Friday. The company has a current ratio of 2.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.29. Micron Technology, Inc. has a 1 year low of $79.15 and a 1 year high of $157.54. The firm’s fifty day simple moving average is $98.69 and its 200 day simple moving average is $103.97. The firm has a market capitalization of $110.76 billion, a P/E ratio of 146.19 and a beta of 1.18.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data 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 net margin of 3.10% and a return on equity of 1.58%. The business had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the prior year, the business earned ($0.95) earnings per share. The firm’s revenue for the quarter was up 84.3% on a year-over-year basis. As a group, sell-side analysts predict that Micron Technology, Inc. will post 8.31 EPS for the current year.

Micron Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays lowered their price target on shares of Micron Technology from $145.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group lowered their target price on Micron Technology from $145.00 to $128.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. BNP Paribas downgraded Micron Technology from an “outperform” rating to an “underperform” rating and cut their price target for the stock from $140.00 to $67.00 in a research note on Thursday, September 12th. Robert W. Baird lowered their price target on Micron Technology from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Finally, TD Cowen cut their price objective on shares of Micron Technology from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.24.

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.