Strengthening Families & Communities LLC Acquires 959 Shares of Micron Technology, Inc. (NASDAQ:MU)

Strengthening Families & Communities LLC increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 155.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,575 shares of the semiconductor manufacturer’s stock after buying an additional 959 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Micron Technology were worth $133,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Valeo Financial Advisors LLC boosted its stake in shares of Micron Technology by 2.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 9,589 shares of the semiconductor manufacturer’s stock worth $994,000 after buying an additional 272 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Micron Technology by 219.6% in the third quarter. Exchange Traded Concepts LLC now owns 5,290 shares of the semiconductor manufacturer’s stock worth $549,000 after purchasing an additional 3,635 shares during the last quarter. Webster Bank N. A. boosted its position in Micron Technology by 679.2% in the third quarter. Webster Bank N. A. now owns 826 shares of the semiconductor manufacturer’s stock worth $86,000 after purchasing an additional 720 shares during the last quarter. Compagnie Lombard Odier SCmA grew its stake in shares of Micron Technology by 140.9% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 11,436 shares of the semiconductor manufacturer’s stock valued at $1,186,000 after purchasing an additional 6,688 shares during the period. Finally, Oliver Luxxe Assets LLC increased its position in shares of Micron Technology by 6.4% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 59,584 shares of the semiconductor manufacturer’s stock valued at $6,179,000 after purchasing an additional 3,610 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

NASDAQ:MU opened at $95.93 on Tuesday. The company has a market capitalization of $106.88 billion, a P/E ratio of 27.65 and a beta of 1.18. The business’s 50-day moving average is $96.63 and its 200 day moving average is $98.96. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Micron Technology, Inc. has a 12 month low of $79.15 and a 12 month high of $157.54.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.19. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The business had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the prior year, the firm earned ($0.95) EPS. The company’s revenue for the quarter was up 84.3% on a year-over-year basis. On average, equities research analysts forecast that Micron Technology, Inc. will post 6.29 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a $0.115 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.48%. Micron Technology’s dividend payout ratio (DPR) is presently 13.26%.

Analyst Ratings Changes

Several brokerages recently issued reports on MU. Mizuho cut their target price on shares of Micron Technology from $135.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Bank of America downgraded shares of Micron Technology from a “buy” rating to a “neutral” rating and cut their price objective for the company from $125.00 to $110.00 in a research report on Thursday, December 19th. Robert W. Baird decreased 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. UBS Group cut their price target on Micron Technology from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Barclays decreased their price objective on Micron Technology from $145.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, Micron Technology presently has a consensus rating of “Moderate Buy” and an average price target of $134.96.

Insider Activity

In other news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction that occurred on Friday, December 20th. The stock was 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

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.