Oregon Public Employees Retirement Fund Buys 230 Shares of Micron Technology, Inc. (NASDAQ:MU)

Oregon Public Employees Retirement Fund grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 0.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 95,096 shares of the semiconductor manufacturer’s stock after acquiring an additional 230 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Micron Technology were worth $8,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Swedbank AB increased its holdings in Micron Technology by 30.4% in the 3rd quarter. Swedbank AB now owns 3,455,819 shares of the semiconductor manufacturer’s stock worth $358,403,000 after buying an additional 806,639 shares in the last quarter. Allworth Financial LP increased its holdings in Micron Technology by 14.7% in the 3rd quarter. Allworth Financial LP now owns 6,784 shares of the semiconductor manufacturer’s stock worth $704,000 after buying an additional 872 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Micron Technology by 12.4% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,865 shares of the semiconductor manufacturer’s stock worth $297,000 after buying an additional 315 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in Micron Technology by 116.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 22,732 shares of the semiconductor manufacturer’s stock worth $2,358,000 after buying an additional 12,209 shares in the last quarter. Finally, MONECO Advisors LLC increased its holdings in Micron Technology by 3.9% in the 3rd quarter. MONECO Advisors LLC now owns 4,909 shares of the semiconductor manufacturer’s stock worth $509,000 after buying an additional 183 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MU shares. Needham & Company LLC reduced their price objective on Micron Technology from $140.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Bank of America downgraded Micron Technology from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $125.00 to $110.00 in a report on Thursday, December 19th. Cantor Fitzgerald cut their price target on Micron Technology from $150.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Stifel Nicolaus cut their price target on Micron Technology from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Micron Technology in a research note on Wednesday, December 18th. One equities research 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 a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 4,890 shares of the company’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 transaction of $416,676.90. Following the sale, the executive vice president now directly owns 181,223 shares of the company’s stock, valued at $15,442,011.83. This represents a 2.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Micron Technology Stock Up 4.8 %

NASDAQ MU opened at $97.71 on Thursday. The stock’s 50 day moving average is $95.59 and its 200 day moving average is $98.92. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Micron Technology, Inc. has a 12 month low of $83.54 and a 12 month high of $157.54. The stock has a market cap of $108.87 billion, a PE ratio of 28.16 and a beta of 1.18.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the previous year, the firm earned ($0.95) EPS. The firm’s revenue was up 84.3% compared to the same quarter last year. Research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

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.