Braun Stacey Associates Inc. Has $19.25 Million Stock Position in Micron Technology, Inc. (NASDAQ:MU)

Braun Stacey Associates Inc. lessened its stake in Micron Technology, Inc. (NASDAQ:MU) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 228,716 shares of the semiconductor manufacturer’s stock after selling 10,251 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Micron Technology were worth $19,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MU. Atria Wealth Solutions Inc. increased its stake in shares of Micron Technology by 2.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 65,689 shares of the semiconductor manufacturer’s stock worth $5,530,000 after purchasing an additional 1,515 shares during the period. Venturi Wealth Management LLC increased its position in Micron Technology by 4.9% during the 4th quarter. Venturi Wealth Management LLC now owns 116,954 shares of the semiconductor manufacturer’s stock worth $9,843,000 after buying an additional 5,496 shares during the period. Empower Advisory Group LLC lifted its holdings in shares of Micron Technology by 5.9% during the fourth quarter. Empower Advisory Group LLC now owns 2,846 shares of the semiconductor manufacturer’s stock worth $240,000 after buying an additional 158 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Micron Technology by 3.3% in the fourth quarter. CIBC Asset Management Inc now owns 357,035 shares of the semiconductor manufacturer’s stock valued at $30,048,000 after acquiring an additional 11,473 shares during the period. Finally, Woodard & Co. Asset Management Group Inc. ADV grew its stake in shares of Micron Technology by 66.8% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 14,571 shares of the semiconductor manufacturer’s stock valued at $1,226,000 after acquiring an additional 5,833 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 4,890 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $85.21, for a total value of $416,676.90. Following the transaction, the executive vice president now owns 181,223 shares in the company, valued at $15,442,011.83. This represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.

Micron Technology Trading Up 4.0 %

NASDAQ MU opened at $99.52 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75. The stock has a market capitalization of $110.88 billion, a P/E ratio of 28.68 and a beta of 1.18. Micron Technology, Inc. has a 12 month low of $79.15 and a 12 month high of $157.54. The firm’s 50-day moving average is $96.10 and its two-hundred day moving average is $98.54.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the prior year, the company earned ($0.95) earnings per share. The company’s revenue was up 84.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 6.29 earnings per share for the current year.

Micron Technology Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MU. Wedbush reiterated an “outperform” rating and issued a $140.00 price target on shares of Micron Technology in a research report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their target price on Micron Technology from $180.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Robert W. Baird dropped their price target on Micron Technology from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Sanford C. Bernstein cut their price objective on shares of Micron Technology from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. Finally, Barclays decreased their target price on shares of Micron Technology from $145.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.