Nisa Investment Advisors LLC Has $22.91 Million Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Nisa Investment Advisors LLC decreased its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 13.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 263,329 shares of the semiconductor manufacturer's stock after selling 39,462 shares during the quarter. Nisa Investment Advisors LLC's holdings in Micron Technology were worth $22,911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Banque Pictet & Cie SA boosted its position in Micron Technology by 143.7% during the 1st quarter. Banque Pictet & Cie SA now owns 284,347 shares of the semiconductor manufacturer's stock worth $24,707,000 after acquiring an additional 167,647 shares during the period. Court Place Advisors LLC boosted its position in Micron Technology by 4.9% during the 1st quarter. Court Place Advisors LLC now owns 10,120 shares of the semiconductor manufacturer's stock worth $879,000 after acquiring an additional 470 shares during the period. Rehmann Capital Advisory Group boosted its position in Micron Technology by 7.5% during the 1st quarter. Rehmann Capital Advisory Group now owns 3,361 shares of the semiconductor manufacturer's stock worth $292,000 after acquiring an additional 234 shares during the period. Harvey Capital Management Inc. boosted its position in Micron Technology by 18.7% during the 1st quarter. Harvey Capital Management Inc. now owns 28,913 shares of the semiconductor manufacturer's stock worth $2,512,000 after acquiring an additional 4,553 shares during the period. Finally, GFG Capital LLC boosted its position in Micron Technology by 24.1% during the 1st quarter. GFG Capital LLC now owns 26,984 shares of the semiconductor manufacturer's stock worth $2,345,000 after acquiring an additional 5,238 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Buying and Selling

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $121.28, for a total transaction of $291,557.12. Following the transaction, the director owned 22,550 shares in the company, valued at approximately $2,734,864. This trade represents a 9.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total value of $1,876,800.00. Following the transaction, the executive vice president owned 148,167 shares of the company's stock, valued at $18,538,655.04. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 254,446 shares of company stock valued at $31,154,717 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Micron Technology Stock Performance

Shares of MU traded up $1.42 on Friday, reaching $124.53. 15,803,821 shares of the stock traded hands, compared to its average volume of 23,251,935. The firm has a market cap of $139.36 billion, a price-to-earnings ratio of 22.44 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $135.35. The stock's 50-day moving average price is $108.03 and its 200-day moving average price is $96.01.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $8.83 billion. During the same period in the prior year, the business posted $0.62 earnings per share. Equities analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th will be paid a $0.115 dividend. 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 0.37%. Micron Technology's dividend payout ratio (DPR) is presently 8.29%.

Analyst Ratings Changes

A number of research firms have recently weighed in on MU. Needham & Company LLC raised their price target on Micron Technology from $120.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Cantor Fitzgerald raised their price target on Micron Technology from $145.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Raymond James Financial raised their price target on Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, June 26th. UBS Group raised their price target on Micron Technology from $120.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Morgan Stanley raised their price target on Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $146.44.

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.