Schnieders Capital Management LLC Buys 9,675 Shares of Micron Technology, Inc. (NASDAQ:MU)

Schnieders Capital Management LLC boosted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 138.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,642 shares of the semiconductor manufacturer’s stock after acquiring an additional 9,675 shares during the quarter. Schnieders Capital Management LLC’s holdings in Micron Technology were worth $1,401,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Nwam LLC increased its stake in Micron Technology by 4.7% in the 4th quarter. Nwam LLC now owns 16,809 shares of the semiconductor manufacturer’s stock worth $1,415,000 after acquiring an additional 754 shares during the last quarter. NewEdge Wealth LLC boosted its holdings in shares of Micron Technology by 1.0% in the 4th quarter. NewEdge Wealth LLC now owns 34,720 shares of the semiconductor manufacturer’s stock worth $2,922,000 after purchasing an additional 359 shares in the last quarter. National Pension Service boosted its holdings in shares of Micron Technology by 1.1% in the 4th quarter. National Pension Service now owns 2,605,763 shares of the semiconductor manufacturer’s stock worth $219,301,000 after purchasing an additional 28,457 shares in the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of Micron Technology by 6.9% in the 4th quarter. Lake Street Advisors Group LLC now owns 10,201 shares of the semiconductor manufacturer’s stock worth $860,000 after purchasing an additional 656 shares in the last quarter. Finally, Longbow Finance SA purchased a new stake in Micron Technology during the 4th quarter valued at about $7,154,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Up 4.8 %

Shares of NASDAQ:MU opened at $97.71 on Thursday. Micron Technology, Inc. has a 52-week low of $83.54 and a 52-week high of $157.54. The firm has a market capitalization of $108.87 billion, a P/E ratio of 28.16 and a beta of 1.18. The stock has a 50 day moving average price of $95.59 and a 200-day moving average price of $98.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72.

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 analysts’ consensus estimates of $1.60 by $0.19. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The company had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter last year, the company earned ($0.95) EPS. The firm’s revenue for the quarter was up 84.3% on a year-over-year basis. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, December 30th. Micron Technology’s dividend payout ratio (DPR) is presently 13.26%.

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $85.21, for a total transaction of $416,676.90. Following the sale, the executive vice president now directly owns 181,223 shares in the company, valued at approximately $15,442,011.83. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MU shares. Robert W. Baird dropped their target price on Micron Technology from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on Micron Technology from $180.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Piper Sandler dropped their target price on Micron Technology from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. UBS Group dropped their target price on Micron Technology from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Stifel Nicolaus dropped their target price on Micron Technology from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.