Householder Group Estate & Retirement Specialist LLC Cuts Stake in Micron Technology, Inc. (NASDAQ:MU)

Householder Group Estate & Retirement Specialist LLC reduced its position in Micron Technology, Inc. (NASDAQ:MU) by 66.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 673 shares of the semiconductor manufacturer’s stock after selling 1,307 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in Micron Technology were worth $56,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealthcare Advisory Partners LLC grew its holdings in shares of Micron Technology by 22.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 17,765 shares of the semiconductor manufacturer’s stock valued at $1,495,000 after buying an additional 3,217 shares during the last quarter. Goldstone Financial Group LLC grew its holdings in shares of Micron Technology by 27.0% during the fourth quarter. Goldstone Financial Group LLC now owns 2,830 shares of the semiconductor manufacturer’s stock valued at $238,000 after buying an additional 602 shares during the last quarter. Occidental Asset Management LLC grew its holdings in shares of Micron Technology by 4.0% during the fourth quarter. Occidental Asset Management LLC now owns 4,118 shares of the semiconductor manufacturer’s stock valued at $347,000 after buying an additional 158 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in shares of Micron Technology during the fourth quarter valued at $4,394,000. Finally, Eagle Rock Investment Company LLC grew its holdings in shares of Micron Technology by 0.6% during the fourth quarter. Eagle Rock Investment Company LLC now owns 64,467 shares of the semiconductor manufacturer’s stock valued at $5,426,000 after buying an additional 365 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Up 3.1 %

Shares of NASDAQ MU opened at $105.75 on Friday. Micron Technology, Inc. has a 12-month low of $79.15 and a 12-month high of $157.54. The stock has a market cap of $117.82 billion, a PE ratio of 30.48 and a beta of 1.18. 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 50-day moving average of $97.87 and a 200 day moving average of $102.48.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share (EPS) 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 company had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter in the prior year, the company earned ($0.95) EPS. Micron Technology’s revenue was up 84.3% compared to the same quarter last year. As a group, sell-side analysts predict that Micron Technology, Inc. will post 6.25 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a $0.115 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.46 annualized dividend and a dividend yield of 0.43%. Micron Technology’s dividend payout ratio (DPR) is 13.26%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MU. Mizuho decreased their target price on shares of Micron Technology from $135.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Bank of America downgraded shares of Micron Technology from a “buy” rating to a “neutral” rating and decreased their target price for the company from $125.00 to $110.00 in a research report on Thursday, December 19th. The Goldman Sachs Group decreased their target price on shares of Micron Technology from $145.00 to $128.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Stifel Nicolaus decreased their target price on shares of Micron Technology from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, KeyCorp decreased their target price on shares of Micron Technology from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.24.

Insider Activity

In related news, EVP April S. Arnzen sold 4,890 shares of the 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 completion of the transaction, the executive vice president now owns 181,223 shares of the company’s stock, valued at approximately $15,442,011.83. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

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.