Wealthcare Advisory Partners LLC Sells 919 Shares of Micron Technology, Inc. (NASDAQ:MU)

Wealthcare Advisory Partners LLC lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 8.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,238 shares of the semiconductor manufacturer’s stock after selling 919 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Micron Technology were worth $874,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Micron Technology during the third quarter valued at $28,000. OFI Invest Asset Management purchased a new position in shares of Micron Technology during the third quarter worth approximately $27,000. VisionPoint Advisory Group LLC raised its stake in shares of Micron Technology by 68.3% during the third quarter. VisionPoint Advisory Group LLC now owns 488 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 198 shares in the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of Micron Technology by 51.0% in the third quarter. Cape Investment Advisory Inc. now owns 592 shares of the semiconductor manufacturer’s stock valued at $40,000 after purchasing an additional 200 shares during the period. Finally, Clear Street Markets LLC grew its stake in Micron Technology by 67.5% in the third quarter. Clear Street Markets LLC now owns 623 shares of the semiconductor manufacturer’s stock worth $42,000 after purchasing an additional 251 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Scott J. Deboer sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $110.31, for a total value of $4,412,400.00. Following the transaction, the executive vice president now owns 158,617 shares in the company, valued at $17,497,041.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Scott J. Deboer sold 40,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $110.31, for a total value of $4,412,400.00. Following the completion of the sale, the executive vice president now directly owns 158,617 shares in the company, valued at $17,497,041.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP April S. Arnzen sold 4,890 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $119.30, for a total transaction of $583,377.00. Following the transaction, the executive vice president now owns 148,817 shares in the company, valued at $17,753,868.10. The disclosure for this sale can be found here. Insiders sold a total of 316,890 shares of company stock worth $35,485,387 in the last 90 days. Insiders own 0.32% of the company’s stock.

Micron Technology Price Performance

Shares of Micron Technology stock traded up $0.14 on Wednesday, hitting $119.35. The company’s stock had a trading volume of 902,215 shares, compared to its average volume of 19,983,662. The company has a market capitalization of $131.76 billion, a price-to-earnings ratio of -34.55 and a beta of 1.27. Micron Technology, Inc. has a 1 year low of $59.55 and a 1 year high of $130.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.40 and a current ratio of 3.74. The firm has a fifty day moving average price of $110.11 and a 200-day moving average price of $90.70.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.69. Micron Technology had a negative return on equity of 8.98% and a negative net margin of 20.57%. The business had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the business earned ($2.03) earnings per share. The business’s revenue was up 57.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 0.24 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Monday, April 1st were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.39%. Micron Technology’s dividend payout ratio is currently -13.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Stifel Nicolaus restated a “buy” rating and set a $140.00 price target on shares of Micron Technology in a research note on Friday, April 12th. TD Cowen increased their price objective on shares of Micron Technology from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Fox Advisors upgraded Micron Technology from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 21st. Wells Fargo & Company lifted their price target on Micron Technology from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. upped their price objective on Micron Technology from $105.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and a consensus target price of $123.60.

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.