Kintegral Advisory LLC Has $714,000 Stake in Micron Technology, Inc. (NASDAQ:MU)

Kintegral Advisory LLC decreased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,212 shares of the semiconductor manufacturer's stock after selling 4,028 shares during the period. Kintegral Advisory LLC's holdings in Micron Technology were worth $714,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC grew its position in Micron Technology by 10.1% in the 1st quarter. Catalyst Capital Advisors LLC now owns 13,173 shares of the semiconductor manufacturer's stock valued at $1,145,000 after buying an additional 1,212 shares in the last quarter. Timber Creek Capital Management LLC boosted its holdings in shares of Micron Technology by 0.5% in the first quarter. Timber Creek Capital Management LLC now owns 54,181 shares of the semiconductor manufacturer's stock valued at $4,708,000 after acquiring an additional 258 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Micron Technology in the first quarter valued at approximately $1,195,000. IFM Investors Pty Ltd boosted its holdings in shares of Micron Technology by 6.6% in the first quarter. IFM Investors Pty Ltd now owns 222,470 shares of the semiconductor manufacturer's stock valued at $19,330,000 after acquiring an additional 13,768 shares in the last quarter. Finally, GF Fund Management CO. LTD. boosted its holdings in shares of Micron Technology by 3.3% in the first quarter. GF Fund Management CO. LTD. now owns 218,051 shares of the semiconductor manufacturer's stock valued at $18,946,000 after acquiring an additional 6,915 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology Stock Down 1.9%

NASDAQ MU traded down $2.37 during trading on Monday, reaching $119.92. The company's stock had a trading volume of 19,115,103 shares, compared to its average volume of 23,291,228. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $134.20 billion, a PE ratio of 21.61 and a beta of 1.35. The business has a 50-day moving average price of $104.39 and a 200-day moving average price of $95.06. Micron Technology, Inc. has a 1-year low of $61.54 and a 1-year high of $136.50.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same period in the previous year, the company earned $0.62 EPS. On average, research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.38%. Micron Technology's dividend payout ratio (DPR) is presently 8.29%.

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 92,638 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $125.49, for a total value of $11,625,142.62. Following the completion of the transaction, the executive vice president owned 201,326 shares of the company's stock, valued at $25,264,399.74. This represents a 31.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott J. Deboer sold 20,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the executive vice president owned 186,353 shares of the company's stock, valued at $20,498,830. The trade was a 9.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 254,446 shares of company stock worth $31,154,717. Corporate insiders own 0.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on MU shares. TD Cowen increased their price target on Micron Technology from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Royal Bank Of Canada set a $125.00 target price on Micron Technology in a research note on Wednesday, March 19th. Wells Fargo & Company raised their target price on Micron Technology from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Thursday, June 26th. Wedbush raised their price objective on shares of Micron Technology from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, June 26th. Finally, Mizuho raised their price objective on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Micron Technology presently has an average rating of "Moderate Buy" and a consensus target price of $146.21.

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.