Realta Investment Advisors Invests $503,000 in Micron Technology, Inc. $MU

Key Points

• Realta Investment Advisors has invested $503,000 in Micron Technology, acquiring 4,081 shares as reported in their recent 13F filing.
• Micron Technology recently declared a quarterly dividend of $0.115 per share, with an annualized dividend yield of 0.2%.
• Several institutional investors, including Brighton Jones LLC and Merit Financial Group LLC, have increased their stakes in Micron, highlighting growing investor interest in the semiconductor company.

Realta Investment Advisors acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,081 shares of the semiconductor manufacturer's stock, valued at approximately $503,000.

Several other institutional investors have also modified their holdings of MU. Brighton Jones LLC lifted its position in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after buying an additional 976 shares during the last quarter. Merit Financial Group LLC lifted its position in shares of Micron Technology by 22.6% during the 1st quarter. Merit Financial Group LLC now owns 19,475 shares of the semiconductor manufacturer's stock worth $1,692,000 after buying an additional 3,593 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Micron Technology by 48.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,965 shares of the semiconductor manufacturer's stock worth $1,127,000 after buying an additional 4,226 shares during the last quarter. Vest Financial LLC purchased a new stake in shares of Micron Technology during the 1st quarter worth approximately $577,000. Finally, Signal Advisors Wealth LLC lifted its position in shares of Micron Technology by 4.5% during the 1st quarter. Signal Advisors Wealth LLC now owns 13,322 shares of the semiconductor manufacturer's stock worth $1,158,000 after buying an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Stock Performance

Shares of MU opened at $187.83 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The stock has a market capitalization of $210.20 billion, a P/E ratio of 24.75, a P/E/G ratio of 0.41 and a beta of 1.56. The company's fifty day moving average is $134.89 and its two-hundred day moving average is $110.76. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $191.85.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology's dividend payout ratio is 6.06%.

Insider Buying and Selling at Micron Technology

In other news, Director Richard M. Beyer sold 5,552 shares of the company's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total transaction of $864,335.36. Following the transaction, the director directly owned 96,031 shares of the company's stock, valued at $14,950,106.08. This represents a 5.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 15,000 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $180.86, for a total transaction of $2,712,900.00. Following the transaction, the chief executive officer directly owned 310,148 shares in the company, valued at approximately $56,093,367.28. This trade represents a 4.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,456 shares of company stock worth $15,698,445. Company insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

MU has been the subject of several research reports. UBS Group upped their price target on shares of Micron Technology from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Wall Street Zen downgraded shares of Micron Technology from a "strong-buy" rating to a "buy" rating in a research report on Saturday. The Goldman Sachs Group upped their price target on shares of Micron Technology from $130.00 to $145.00 and gave the company a "neutral" rating in a research report on Wednesday, September 24th. Rosenblatt Securities upped their price target on shares of Micron Technology from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Micron Technology in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $184.77.

Micron Technology 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.

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