Micron Technology, Inc. (NASDAQ:MU) Shares Sold by Nikulski Financial Inc.

Nikulski Financial Inc. reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,645 shares of the semiconductor manufacturer’s stock after selling 225 shares during the period. Nikulski Financial Inc.’s holdings in Micron Technology were worth $311,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MU. Sei Investments Co. lifted its position in shares of Micron Technology by 12.8% in the 1st quarter. Sei Investments Co. now owns 350,644 shares of the semiconductor manufacturer’s stock worth $27,314,000 after buying an additional 39,693 shares during the last quarter. Prudential PLC bought a new position in shares of Micron Technology in the 1st quarter worth about $1,672,000. Brighton Jones LLC lifted its position in shares of Micron Technology by 12.3% in the 1st quarter. Brighton Jones LLC now owns 2,909 shares of the semiconductor manufacturer’s stock worth $227,000 after buying an additional 318 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Micron Technology by 9.2% in the 1st quarter. Baird Financial Group Inc. now owns 200,423 shares of the semiconductor manufacturer’s stock worth $15,611,000 after buying an additional 16,953 shares during the last quarter. Finally, Zions Bancorporation N.A. lifted its position in shares of Micron Technology by 52.5% in the 1st quarter. Zions Bancorporation N.A. now owns 2,121 shares of the semiconductor manufacturer’s stock worth $165,000 after buying an additional 730 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Performance

Micron Technology stock opened at $106.77 on Monday. The firm’s 50 day simple moving average is $102.95 and its 200-day simple moving average is $86.93. The company has a market cap of $118.23 billion, a P/E ratio of -30.95 and a beta of 1.27. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.74 and a quick ratio of 2.40. Micron Technology, Inc. has a fifty-two week low of $58.03 and a fifty-two week high of $130.54.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.69. The business had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.35 billion. Micron Technology had a negative net margin of 20.57% and a negative return on equity of 8.98%. The firm’s quarterly revenue was up 57.7% compared to the same quarter last year. During the same period last year, the firm posted ($2.03) earnings per share. As a group, equities research analysts predict that Micron Technology, Inc. will post 0.24 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Monday, April 1st were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Thursday, March 28th. Micron Technology’s dividend payout ratio (DPR) is currently -13.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MU. Stifel Nicolaus reiterated a “buy” rating and issued a $140.00 price objective on shares of Micron Technology in a research report on Friday, April 12th. Morgan Stanley lifted their price objective on shares of Micron Technology from $78.00 to $98.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Argus upgraded shares of Micron Technology from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Thursday, March 21st. Mizuho lifted their price objective on shares of Micron Technology from $105.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, Barclays lifted their price objective on shares of Micron Technology from $95.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.20.

Insider Transactions at Micron Technology

In related news, CEO Sanjay Mehrotra sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $130.00, for a total transaction of $5,850,000.00. Following the completion of the sale, the chief executive officer now directly owns 728,557 shares in the company, valued at $94,712,410. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP April S. Arnzen sold 4,890 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $119.30, for a total transaction of $583,377.00. Following the completion of the sale, the executive vice president now directly owns 148,817 shares in the company, valued at $17,753,868.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $130.00, for a total transaction of $5,850,000.00. Following the sale, the chief executive officer now owns 728,557 shares of the company’s stock, valued at $94,712,410. The disclosure for this sale can be found here. Insiders have sold a total of 313,890 shares of company stock valued at $33,617,027 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

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.