First Dallas Securities Inc. Has $1.18 Million Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

First Dallas Securities Inc. trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,000 shares of the semiconductor manufacturer’s stock after selling 900 shares during the quarter. First Dallas Securities Inc.’s holdings in Micron Technology were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MU. Calamos Wealth Management LLC grew its stake in shares of Micron Technology by 5.2% during the fourth quarter. Calamos Wealth Management LLC now owns 3,976 shares of the semiconductor manufacturer’s stock valued at $335,000 after purchasing an additional 198 shares during the last quarter. Childress Capital Advisors LLC grew its stake in shares of Micron Technology by 114.0% during the fourth quarter. Childress Capital Advisors LLC now owns 7,206 shares of the semiconductor manufacturer’s stock valued at $606,000 after purchasing an additional 3,838 shares during the last quarter. Optas LLC grew its stake in shares of Micron Technology by 21.0% during the fourth quarter. Optas LLC now owns 6,341 shares of the semiconductor manufacturer’s stock valued at $534,000 after purchasing an additional 1,102 shares during the last quarter. GDS Wealth Management bought a new stake in shares of Micron Technology during the fourth quarter valued at approximately $2,604,000. Finally, Rheos Capital Works Inc. grew its stake in shares of Micron Technology by 17.3% during the fourth quarter. Rheos Capital Works Inc. now owns 129,000 shares of the semiconductor manufacturer’s stock valued at $10,857,000 after purchasing an additional 19,000 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MU has been the topic of several analyst reports. Piper Sandler cut their target price on shares of Micron Technology from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Needham & Company LLC cut their target price on shares of Micron Technology from $140.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Bank of America lowered shares of Micron Technology from a “buy” rating to a “neutral” rating and cut their target price for the stock from $125.00 to $110.00 in a report on Thursday, December 19th. TD Cowen cut their target price on shares of Micron Technology from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, China Renaissance started coverage on shares of Micron Technology in a report on Monday, October 28th. They issued a “buy” rating and a $148.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.96.

Micron Technology Price Performance

MU stock opened at $89.92 on Tuesday. The company has a 50 day simple moving average of $97.43 and a 200 day simple moving average of $99.74. The stock has a market cap of $100.19 billion, a price-to-earnings ratio of 25.91 and a beta of 1.18. Micron Technology, Inc. has a 1 year low of $79.15 and a 1 year high of $157.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.19. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The firm had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same period in the previous year, the firm posted ($0.95) EPS. The company’s revenue for the quarter was up 84.3% compared to the same quarter last year. Research analysts anticipate that Micron Technology, Inc. will post 6.29 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling

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

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.