Kercheville Advisors LLC Has $988,000 Stake in Micron Technology, Inc. (NASDAQ:MU)

Kercheville Advisors LLC decreased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 46.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,375 shares of the semiconductor manufacturer's stock after selling 9,800 shares during the period. Kercheville Advisors LLC's holdings in Micron Technology were worth $988,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MU. Sunbeam Capital Management LLC bought a new stake in Micron Technology in the fourth quarter valued at about $26,000. Beacon Capital Management LLC boosted its holdings in Micron Technology by 114.9% during the fourth quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Micron Technology in the 4th quarter valued at approximately $33,000. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology in the 1st quarter worth approximately $33,000. Finally, Curio Wealth LLC acquired a new position in shares of Micron Technology in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Trading Up 1.2%

MU traded up $1.48 during trading on Thursday, reaching $121.82. 20,156,669 shares of the company's stock were exchanged, compared to its average volume of 23,618,207. The company's fifty day moving average price is $92.05 and its 200-day moving average price is $93.23. The firm has a market capitalization of $136.14 billion, a PE ratio of 29.21 and a beta of 1.28. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $157.41. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 3.13.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.13. Micron Technology had a return on equity of 10.87% and a net margin of 14.92%. The business had revenue of $8.05 billion during the quarter, compared to analysts' expectations of $7.93 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. The firm's quarterly revenue was up 38.2% compared to the same quarter last year. As a group, equities analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Insider Buying and Selling

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 value of $1,442,700.00. Following the completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 3,562 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $110.46, for a total value of $393,458.52. Following the sale, the chief executive officer now directly owns 391,113 shares in the company, valued at approximately $43,202,341.98. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,404 shares of company stock valued at $5,572,867 in the last 90 days. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on MU shares. Wall Street Zen upgraded Micron Technology from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. UBS Group upped their target price on shares of Micron Technology from $92.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Mizuho lifted their price target on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $130.00 price objective on shares of Micron Technology in a research note on Friday, March 21st. Finally, Morgan Stanley dropped their price objective on shares of Micron Technology from $112.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Micron Technology currently has an average rating of "Moderate Buy" and an average target price of $129.00.

About Micron Technology

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.