Level Four Advisory Services LLC Grows Position in Micron Technology, Inc. (NASDAQ:MU)

Level Four Advisory Services LLC boosted its stake in shares of Micron Technology, Inc. (NASDAQ:MUGet Rating) by 10.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 62,138 shares of the semiconductor manufacturer’s stock after buying an additional 5,777 shares during the quarter. Level Four Advisory Services LLC’s holdings in Micron Technology were worth $5,788,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MU. Legacy Wealth Asset Management LLC increased its position in shares of Micron Technology by 0.9% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 12,632 shares of the semiconductor manufacturer’s stock worth $1,177,000 after purchasing an additional 111 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Micron Technology by 7.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,690 shares of the semiconductor manufacturer’s stock worth $157,000 after purchasing an additional 114 shares in the last quarter. Trust Co. of Oklahoma increased its position in shares of Micron Technology by 1.5% during the fourth quarter. Trust Co. of Oklahoma now owns 7,878 shares of the semiconductor manufacturer’s stock worth $734,000 after purchasing an additional 120 shares in the last quarter. Hancock Whitney Corp increased its position in shares of Micron Technology by 1.3% during the fourth quarter. Hancock Whitney Corp now owns 10,803 shares of the semiconductor manufacturer’s stock worth $1,006,000 after purchasing an additional 134 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of Micron Technology by 1.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,029 shares of the semiconductor manufacturer’s stock valued at $1,027,000 after acquiring an additional 134 shares during the period. Institutional investors own 80.35% of the company’s stock.

In other news, SVP April S. Arnzen sold 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, March 24th. The shares were sold at an average price of $76.00, for a total transaction of $425,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by company insiders.

Micron Technology stock traded down $1.65 during midday trading on Thursday, reaching $69.40. The company had a trading volume of 17,547,421 shares, compared to its average volume of 22,204,494. The company has a market capitalization of $77.50 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.24 and a beta of 1.18. Micron Technology, Inc. has a 12-month low of $65.67 and a 12-month high of $98.45. The firm’s fifty day simple moving average is $73.19 and its 200-day simple moving average is $81.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.11 and a quick ratio of 2.33.

Micron Technology (NASDAQ:MUGet Rating) last released its quarterly earnings data on Tuesday, March 29th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.20. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.53 billion. Micron Technology had a net margin of 28.95% and a return on equity of 21.15%. Micron Technology’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. On average, analysts expect that Micron Technology, Inc. will post 9.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 26th. Stockholders of record on Monday, April 11th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, April 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. Micron Technology’s dividend payout ratio is currently 5.03%.

Several equities analysts recently issued reports on MU shares. StockNews.com downgraded Micron Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Wedbush raised Micron Technology from a “neutral” rating to an “outperform” rating and upped their target price for the company from $100.00 to $120.00 in a research report on Monday, February 14th. Susquehanna reaffirmed a “buy” rating and set a $115.00 price target on shares of Micron Technology in a research report on Monday. Rosenblatt Securities reaffirmed a “buy” rating and set a $165.00 price target on shares of Micron Technology in a research report on Wednesday, March 30th. Finally, Sanford C. Bernstein raised Micron Technology from a “market perform” rating to an “outperform” rating and set a $94.00 price target on the stock in a research report on Wednesday, March 16th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $112.92.

Micron Technology Profile (Get Rating)

Micron Technology, Inc designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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