Cozad Asset Management Inc. Sells 200 Shares of Micron Technology, Inc. (NASDAQ:MU)

Cozad Asset Management Inc. decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,930 shares of the semiconductor manufacturer’s stock after selling 200 shares during the quarter. Cozad Asset Management Inc.’s holdings in Micron Technology were worth $1,134,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Norden Group LLC lifted its holdings in shares of Micron Technology by 43.4% in the 1st quarter. Norden Group LLC now owns 3,564 shares of the semiconductor manufacturer’s stock worth $420,000 after buying an additional 1,078 shares during the period. Csenge Advisory Group purchased a new stake in Micron Technology in the first quarter worth about $243,000. Envestnet Portfolio Solutions Inc. grew its holdings in Micron Technology by 4.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 60,458 shares of the semiconductor manufacturer’s stock worth $7,127,000 after acquiring an additional 2,383 shares in the last quarter. AIA Group Ltd increased its position in Micron Technology by 2.1% during the 1st quarter. AIA Group Ltd now owns 4,821 shares of the semiconductor manufacturer’s stock valued at $568,000 after purchasing an additional 101 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of Micron Technology by 1.7% in the 1st quarter. Empowered Funds LLC now owns 39,598 shares of the semiconductor manufacturer’s stock valued at $4,668,000 after purchasing an additional 656 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Trading Up 1.4 %

Micron Technology stock opened at $113.41 on Friday. The stock has a 50-day moving average price of $99.49 and a 200 day moving average price of $113.09. The company has a market capitalization of $125.74 billion, a price-to-earnings ratio of 166.78 and a beta of 1.18. Micron Technology, Inc. has a 52 week low of $71.71 and a 52 week high of $157.54. The company has a quick ratio of 1.68, a current ratio of 2.64 and a debt-to-equity ratio of 0.29.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.97 by $0.21. The business had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Micron Technology had a net margin of 3.10% and a return on equity of 1.58%. The business’s quarterly revenue was up 93.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.21) EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 8.31 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, October 7th. Micron Technology’s dividend payout ratio is currently 67.65%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $113.00, for a total value of $552,570.00. Following the sale, the executive vice president now owns 135,830 shares in the company, valued at approximately $15,348,790. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MU shares. Needham & Company LLC reissued a “buy” rating and set a $140.00 price objective on shares of Micron Technology in a report on Thursday, September 26th. Stifel Nicolaus cut their price target on Micron Technology from $165.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, September 19th. Bank of America boosted their price target on Micron Technology from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Rosenblatt Securities raised their price objective on Micron Technology from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, TD Cowen boosted their target price on shares of Micron Technology from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and an average price target of $143.04.

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.