Fisher Asset Management LLC Has $4.19 Million Holdings in Micron Technology, Inc. (NASDAQ:MU)

Fisher Asset Management LLC trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,785 shares of the semiconductor manufacturer’s stock after selling 685 shares during the quarter. Fisher Asset Management LLC’s holdings in Micron Technology were worth $4,190,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MU. SVB Wealth LLC bought a new stake in Micron Technology during the 4th quarter worth approximately $1,375,000. Private Trust Co. NA boosted its position in shares of Micron Technology by 20.9% during the fourth quarter. Private Trust Co. NA now owns 4,657 shares of the semiconductor manufacturer’s stock valued at $392,000 after buying an additional 806 shares during the last quarter. Hosking Partners LLP grew its holdings in Micron Technology by 5.6% during the fourth quarter. Hosking Partners LLP now owns 718,115 shares of the semiconductor manufacturer’s stock worth $60,437,000 after buying an additional 37,770 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Micron Technology by 8.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,338 shares of the semiconductor manufacturer’s stock worth $281,000 after buying an additional 274 shares in the last quarter. Finally, Verus Capital Partners LLC raised its position in Micron Technology by 6.8% in the 4th quarter. Verus Capital Partners LLC now owns 3,796 shares of the semiconductor manufacturer’s stock valued at $320,000 after buying an additional 241 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

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 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.30% of the stock is owned by corporate insiders.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $91.20 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The firm has a market cap of $101.61 billion, a P/E ratio of 26.28 and a beta of 1.18. The stock’s fifty day moving average price is $95.81 and its 200-day moving average price is $98.63. Micron Technology, Inc. has a 12 month low of $83.54 and a 12 month high of $157.54.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.19. The company had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.71 billion. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. Micron Technology’s revenue for the quarter was up 84.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.95) earnings per share. On average, equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a $0.115 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.46 dividend on an annualized basis and a yield of 0.50%. Micron Technology’s dividend payout ratio is currently 13.26%.

Analyst Ratings Changes

MU has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of Micron Technology from $145.00 to $128.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. UBS Group cut their price target 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. Wells Fargo & Company decreased their price objective on shares of Micron Technology from $175.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Sanford C. Bernstein cut their target price on Micron Technology from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, KGI Securities raised Micron Technology to a “strong-buy” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.96.

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.