Micron Technology, Inc. (NASDAQ:MU) Stock Position Lifted by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 213.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,543 shares of the semiconductor manufacturer's stock after acquiring an additional 23,530 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Micron Technology were worth $3,048,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new position in Micron Technology during the 4th quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology during the first quarter valued at $33,000. Midwest Capital Advisors LLC bought a new position in shares of Micron Technology during the fourth quarter worth about $33,000. Roxbury Financial LLC increased its holdings in shares of Micron Technology by 306.1% in the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer's stock worth $37,000 after acquiring an additional 300 shares during the period. Finally, Curio Wealth LLC bought a new stake in Micron Technology in the 4th quarter valued at about $34,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

Shares of NASDAQ MU traded up $0.81 during trading on Friday, hitting $122.63. The company had a trading volume of 11,760,031 shares, compared to its average volume of 23,575,069. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $157.41. The business's 50-day moving average is $92.05 and its 200 day moving average is $93.23. The company has a market cap of $137.05 billion, a P/E ratio of 29.38 and a beta of 1.28. 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 earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share (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 company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. Micron Technology's revenue for the quarter was up 38.2% compared to the same quarter last year. Equities research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Insider Activity at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 5,210 shares of Micron Technology stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $121.35, for a total transaction of $632,233.50. Following the transaction, the chief executive officer now directly owns 379,675 shares in the company, valued at approximately $46,073,561.25. The trade was a 1.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott J. Deboer sold 20,000 shares of the 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 sale, the executive vice president now owns 186,353 shares of the company's stock, valued at $20,498,830. The trade was a 9.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,404 shares of company stock worth $5,572,867 in the last quarter. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MU. Wedbush boosted their target price on shares of Micron Technology from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday. Robert W. Baird increased their price objective on Micron Technology from $130.00 to $163.00 and gave the stock an "outperform" rating in a report on Friday, March 21st. Mizuho raised their target price on Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $130.00 price target on shares of Micron Technology in a research report on Friday, March 21st. Finally, Morgan Stanley decreased their price target on Micron Technology from $112.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $130.80.

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.