Bank of New Hampshire Sells 226 Shares of Micron Technology, Inc. (NASDAQ:MU)

Bank of New Hampshire reduced its stake in Micron Technology, Inc. (NASDAQ:MU) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,135 shares of the semiconductor manufacturer’s stock after selling 226 shares during the period. Bank of New Hampshire’s holdings in Micron Technology were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MU. Savant Capital LLC increased its stake in shares of Micron Technology by 7.1% during the second quarter. Savant Capital LLC now owns 13,028 shares of the semiconductor manufacturer’s stock valued at $1,714,000 after purchasing an additional 858 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Micron Technology by 414.3% during the second quarter. Cullen Frost Bankers Inc. now owns 540 shares of the semiconductor manufacturer’s stock valued at $71,000 after purchasing an additional 435 shares in the last quarter. Norden Group LLC increased its stake in shares of Micron Technology by 13.7% during the second quarter. Norden Group LLC now owns 4,052 shares of the semiconductor manufacturer’s stock valued at $533,000 after purchasing an additional 488 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Micron Technology by 10,157.2% during the second quarter. Strategic Financial Concepts LLC now owns 266,585 shares of the semiconductor manufacturer’s stock valued at $351,000 after purchasing an additional 263,986 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Micron Technology by 15.0% during the second quarter. Acadian Asset Management LLC now owns 152,810 shares of the semiconductor manufacturer’s stock valued at $20,094,000 after buying an additional 19,928 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MU. Citigroup cut their price target on shares of Micron Technology from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, September 17th. China Renaissance began coverage on shares of Micron Technology in a report on Monday, October 28th. They set a “buy” rating and a $148.00 price target on the stock. Wells Fargo & Company dropped their target price on shares of Micron Technology from $175.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. 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 note on Thursday, December 19th. Finally, Robert W. Baird dropped their price target on Micron Technology from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.24.

Insider Activity at Micron Technology

In other news, EVP April S. Arnzen sold 4,890 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $85.21, for a total value of $416,676.90. Following the completion of the sale, the executive vice president now directly owns 181,223 shares of the company’s stock, valued at $15,442,011.83. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by insiders.

Micron Technology Price Performance

Shares of NASDAQ:MU traded up $7.12 during midday trading on Tuesday, reaching $106.38. 11,453,681 shares of the company were exchanged, compared to its average volume of 22,205,254. The stock has a market cap of $118.53 billion, a PE ratio of 156.44 and a beta of 1.18. The business’s fifty day moving average is $98.91 and its two-hundred day moving average is $104.29. Micron Technology, Inc. has a one year low of $79.15 and a one year high of $157.54. The company has a current ratio of 2.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.29.

Micron Technology (NASDAQ:MU) last issued 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. The firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.71 billion. Micron Technology had a return on equity of 1.58% and a net margin of 3.10%. The business’s quarterly revenue was up 84.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.95) earnings per share. As a group, analysts predict that Micron Technology, Inc. will post 8.31 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, December 30th. Micron Technology’s dividend payout ratio is presently 13.26%.

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.