Micron Technology, Inc. (NASDAQ:MU) Stake Raised by Intellectus Partners LLC

Intellectus Partners LLC grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 11.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 70,071 shares of the semiconductor manufacturer's stock after acquiring an additional 7,238 shares during the period. Micron Technology comprises 1.5% of Intellectus Partners LLC's holdings, making the stock its 8th largest holding. Intellectus Partners LLC's holdings in Micron Technology were worth $6,096,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MU. Xcel Wealth Management LLC boosted its stake in Micron Technology by 1.8% in the 4th quarter. Xcel Wealth Management LLC now owns 6,157 shares of the semiconductor manufacturer's stock worth $518,000 after purchasing an additional 108 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Micron Technology by 3.8% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,973 shares of the semiconductor manufacturer's stock worth $250,000 after purchasing an additional 108 shares during the period. Twin Capital Management Inc. lifted its stake in shares of Micron Technology by 0.5% in the 4th quarter. Twin Capital Management Inc. now owns 20,062 shares of the semiconductor manufacturer's stock worth $1,688,000 after purchasing an additional 108 shares during the period. Cim Investment Management Inc. lifted its stake in shares of Micron Technology by 0.5% in the 4th quarter. Cim Investment Management Inc. now owns 23,062 shares of the semiconductor manufacturer's stock worth $1,941,000 after purchasing an additional 114 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its holdings in Micron Technology by 1.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 10,481 shares of the semiconductor manufacturer's stock worth $883,000 after acquiring an additional 119 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Wall Street Analyst Weigh In

MU has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Micron Technology from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Wedbush reissued an "underperform" rating on shares of Micron Technology in a report on Monday, April 28th. Rosenblatt Securities cut their target price on shares of Micron Technology from $250.00 to $200.00 and set a "buy" rating for the company in a report on Friday, March 21st. UBS Group raised their target price on shares of Micron Technology from $92.00 to $120.00 and gave the company a "buy" rating in a report on Thursday. Finally, KGI Securities raised shares of Micron Technology to a "strong-buy" rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $129.00.

Insider Buying and Selling at Micron Technology

In other 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 transaction of $1,442,700.00. Following the sale, the executive vice president now owns 164,769 shares in the company, valued at approximately $15,847,482.42. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.00, for a total value of $192,320.00. Following the sale, the director now owns 24,954 shares in the company, valued at $1,996,320. The trade was a 8.79% decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Micron Technology Stock Up 2.2%

Shares of Micron Technology stock traded up $2.39 during trading on Monday, hitting $110.95. 20,141,543 shares of the stock traded hands, compared to its average volume of 23,619,978. The firm has a market cap of $123.99 billion, a P/E ratio of 31.97 and a beta of 1.28. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $157.54. The stock's fifty day simple moving average is $83.97 and its 200 day simple moving average is $92.05.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.13. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same quarter 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. On average, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.46 annualized dividend and a yield of 0.41%. Micron Technology's dividend payout ratio (DPR) is presently 11.03%.

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.