4,081 Shares in Micron Technology, Inc. $MU Purchased by Realta Investment Advisors

Realta Investment Advisors acquired a new position in Micron Technology, Inc. (NASDAQ:MU) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 4,081 shares of the semiconductor manufacturer’s stock, valued at approximately $503,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mission Wealth Management LP boosted its position in shares of Micron Technology by 195.2% in the 1st quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer’s stock worth $1,360,000 after buying an additional 10,348 shares in the last quarter. TB Alternative Assets Ltd. boosted its position in shares of Micron Technology by 331.3% in the 1st quarter. TB Alternative Assets Ltd. now owns 79,788 shares of the semiconductor manufacturer’s stock worth $6,933,000 after buying an additional 61,288 shares in the last quarter. Stock Yards Bank & Trust Co. purchased a new stake in shares of Micron Technology in the 1st quarter worth about $228,000. Clarius Group LLC boosted its position in shares of Micron Technology by 57.9% in the 1st quarter. Clarius Group LLC now owns 14,238 shares of the semiconductor manufacturer’s stock worth $1,237,000 after buying an additional 5,220 shares in the last quarter. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Micron Technology in the 2nd quarter worth about $211,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $180.86, for a total value of $2,712,900.00. Following the transaction, the chief executive officer owned 310,148 shares in the company, valued at approximately $56,093,367.28. This trade represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the transaction, the chief financial officer owned 264,036 shares in the company, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,456 shares of company stock worth $15,698,445. 0.30% of the stock is currently owned by insiders.

Micron Technology Trading Up 2.2%

Shares of MU stock opened at $187.83 on Friday. The firm has a market cap of $210.20 billion, a P/E ratio of 24.75, a PEG ratio of 0.41 and a beta of 1.56. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $191.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The firm’s 50-day simple moving average is $134.89 and its 200-day simple moving average is $110.76.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, October 3rd. Micron Technology’s dividend payout ratio is presently 6.06%.

Analysts Set New Price Targets

A number of research analysts have issued reports on MU shares. TD Cowen upped their target price on shares of Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a report on Friday, September 19th. Rosenblatt Securities raised their price target on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Robert W. Baird raised their price target on shares of Micron Technology from $163.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, June 27th. The Goldman Sachs Group raised their price target on shares of Micron Technology from $130.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 24th. Finally, KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and an average price target of $184.77.

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.