Marshall Investment Management LLC Invests $51,000 in Micron Technology, Inc. (NASDAQ:MU)

Marshall Investment Management LLC bought a new position in Micron Technology, Inc. (NASDAQ:MU) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 611 shares of the semiconductor manufacturer’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fisher Funds Management LTD purchased a new position in Micron Technology during the 4th quarter valued at about $6,480,000. Callan Capital LLC lifted its position in Micron Technology by 12.6% during the 4th quarter. Callan Capital LLC now owns 4,115 shares of the semiconductor manufacturer’s stock valued at $346,000 after acquiring an additional 459 shares during the period. Capital Advisory Group Advisory Services LLC purchased a new position in Micron Technology during the 4th quarter valued at about $397,000. Bank of Stockton lifted its position in Micron Technology by 3.7% during the 4th quarter. Bank of Stockton now owns 18,362 shares of the semiconductor manufacturer’s stock valued at $1,545,000 after acquiring an additional 647 shares during the period. Finally, Transcend Capital Advisors LLC lifted its position in Micron Technology by 60.7% during the 4th quarter. Transcend Capital Advisors LLC now owns 6,159 shares of the semiconductor manufacturer’s stock valued at $518,000 after acquiring an additional 2,326 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction that occurred 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 of the company’s stock, valued at $15,442,011.83. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Micron Technology Stock Performance

MU opened at $98.78 on Friday. 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 company has a market cap of $110.06 billion, a price-to-earnings ratio of 28.47 and a beta of 1.18. The company’s 50 day moving average is $96.28 and its 200 day moving average is $98.82. Micron Technology, Inc. has a 12-month low of $83.54 and a 12-month high of $157.54.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results 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 net margin of 13.34% and a return on equity of 8.32%. The business had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter in the previous year, the firm earned ($0.95) earnings per share. The company’s revenue for the quarter was up 84.3% on a year-over-year basis. On average, equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, December 30th. Micron Technology’s dividend payout ratio is currently 13.26%.

Analyst Upgrades and Downgrades

MU has been the subject of a number of recent research reports. TD Cowen lowered their price target on shares of Micron Technology from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Barclays reduced their price objective on shares of Micron Technology from $145.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. UBS Group reduced their price objective on shares of Micron Technology from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Sanford C. Bernstein reduced 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 note on Wednesday, December 18th. Finally, Needham & Company LLC reduced their price objective on shares of Micron Technology from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Micron Technology has an average rating of “Moderate Buy” and a consensus target price of $134.96.

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.