Capital Investment Advisors LLC Purchases 372 Shares of Micron Technology, Inc. (NASDAQ:MU)

Capital Investment Advisors LLC boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,878 shares of the semiconductor manufacturer’s stock after buying an additional 372 shares during the quarter. Capital Investment Advisors LLC’s holdings in Micron Technology were worth $610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CHICAGO TRUST Co NA lifted its stake in shares of Micron Technology by 10.0% during the 1st quarter. CHICAGO TRUST Co NA now owns 4,078 shares of the semiconductor manufacturer’s stock worth $481,000 after buying an additional 372 shares during the last quarter. Global Assets Advisory LLC acquired a new position in shares of Micron Technology in the first quarter valued at approximately $29,307,000. Wealth Management Partners LLC increased its stake in shares of Micron Technology by 5.8% during the first quarter. Wealth Management Partners LLC now owns 7,759 shares of the semiconductor manufacturer’s stock worth $915,000 after purchasing an additional 423 shares during the period. Central Valley Advisors LLC acquired a new stake in Micron Technology during the 1st quarter worth approximately $207,000. Finally, Annex Advisory Services LLC boosted its stake in Micron Technology by 4.7% in the 1st quarter. Annex Advisory Services LLC now owns 12,411 shares of the semiconductor manufacturer’s stock valued at $1,463,000 after purchasing an additional 558 shares during the period. Institutional investors own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus lowered their price objective on Micron Technology from $165.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, September 19th. Raymond James boosted their price objective on shares of Micron Technology from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Wedbush reaffirmed an “outperform” rating and set a $140.00 target price on shares of Micron Technology in a report on Thursday, September 26th. Rosenblatt Securities upped their target price on Micron Technology from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, UBS Group decreased their price objective on shares of Micron Technology from $153.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $142.85.

Micron Technology Trading Down 0.8 %

NASDAQ MU opened at $111.15 on Monday. The company has a current ratio of 2.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.29. The stock has a market cap of $123.25 billion, a P/E ratio of -78.27 and a beta of 1.18. Micron Technology, Inc. has a 12 month low of $63.88 and a 12 month high of $157.54. The stock’s fifty day moving average price is $98.64 and its 200-day moving average price is $114.38.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. The company had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Micron Technology had a return on equity of 1.58% and a net margin of 3.10%. Micron Technology’s revenue for the quarter was up 93.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.21) earnings per share. As a group, equities analysts forecast that Micron Technology, Inc. will post 8.31 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, October 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.41%. Micron Technology’s payout ratio is currently -32.39%.

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 Thursday, September 26th. The stock was sold at an average price of $113.00, for a total value of $552,570.00. Following the completion of the sale, the executive vice president now owns 135,830 shares in the company, valued at approximately $15,348,790. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

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.