Bokf Na Has $3.45 Million Stock Position in Micron Technology, Inc. (NASDAQ:MU)

Bokf Na cut its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,967 shares of the semiconductor manufacturer’s stock after selling 1,549 shares during the period. Bokf Na’s holdings in Micron Technology were worth $3,448,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in shares of Micron Technology by 18.8% in the 4th quarter. Captrust Financial Advisors now owns 39,810 shares of the semiconductor manufacturer’s stock worth $3,350,000 after buying an additional 6,306 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in Micron Technology in the fourth quarter valued at $1,128,000. Castlekeep Investment Advisors LLC acquired a new position in Micron Technology during the fourth quarter worth $227,000. Baird Financial Group Inc. lifted its holdings in shares of Micron Technology by 6.3% during the fourth quarter. Baird Financial Group Inc. now owns 175,886 shares of the semiconductor manufacturer’s stock valued at $14,803,000 after acquiring an additional 10,453 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in shares of Micron Technology in the 4th quarter valued at $384,000. 80.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MU. China Renaissance cut shares of Micron Technology from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research report on Wednesday, March 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Micron Technology in a report on Friday, March 21st. Wedbush reissued an “underperform” rating on shares of Micron Technology in a research note on Monday, April 28th. Wells Fargo & Company restated an “equal weight” rating on shares of Micron Technology in a research report on Monday, April 28th. Finally, Royal Bank of Canada set a $125.00 target price on Micron Technology in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Micron Technology has an average rating of “Moderate Buy” and an average price target of $126.48.

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the completion of the transaction, the executive vice president now owns 164,769 shares of the company’s stock, valued at approximately $15,847,482.42. The trade was a 8.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.00, for a total transaction of $192,320.00. Following the completion of the transaction, the director now directly owns 24,954 shares of the company’s stock, valued at approximately $1,996,320. The trade was a 8.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,808 shares of company stock worth $1,858,424. Corporate insiders own 0.30% of the company’s stock.

Micron Technology Trading Up 2.8 %

NASDAQ MU opened at $82.76 on Thursday. The stock has a market capitalization of $92.49 billion, a price-to-earnings ratio of 23.85 and a beta of 1.21. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $157.54. The stock’s 50 day moving average price is $82.84 and its two-hundred day moving average price is $93.39. 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 earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The company had revenue of $8.05 billion during the quarter, compared to analysts’ expectations of $7.93 billion. During the same quarter last year, the company posted $0.42 EPS. Micron Technology’s quarterly revenue was up 38.2% compared to the same quarter last year. As a group, analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.115 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.56%. Micron Technology’s payout ratio is presently 11.03%.

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.