Micron Technology, Inc. (NASDAQ:MU) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 18.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,076 shares of the semiconductor manufacturer’s stock after selling 1,847 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Micron Technology were worth $1,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MU. Tidemark LLC purchased a new stake in shares of Micron Technology during the 4th quarter worth about $25,000. DecisionPoint Financial LLC acquired a new position in shares of Micron Technology during the 1st quarter worth approximately $25,000. Pingora Partners LLC acquired a new position in shares of Micron Technology during the 4th quarter worth approximately $26,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Micron Technology during the 4th quarter valued at approximately $29,000. Finally, Valued Wealth Advisors LLC raised its position in shares of Micron Technology by 230.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 248 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 173 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Trading Up 1.4 %

Shares of MU traded up $1.31 during mid-day trading on Tuesday, hitting $95.95. The company had a trading volume of 3,728,082 shares, compared to its average volume of 21,286,379. The business’s 50-day simple moving average is $123.98 and its 200-day simple moving average is $113.08. Micron Technology, Inc. has a 1-year low of $61.75 and a 1-year high of $157.54. The company has a quick ratio of 2.16, a current ratio of 3.41 and a debt-to-equity ratio of 0.29. The stock has a market cap of $106.39 billion, a PE ratio of -66.65 and a beta of 1.18.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 26th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.48 by $0.14. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Micron Technology had a negative net margin of 7.20% and a negative return on equity of 4.01%. Micron Technology’s quarterly revenue was up 81.5% on a year-over-year basis. During the same quarter last year, the company earned ($1.57) EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 0.58 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Monday, July 8th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, July 8th. Micron Technology’s dividend payout ratio (DPR) is presently -32.39%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MU. Needham & Company LLC upped their price objective on Micron Technology from $120.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. TD Cowen boosted their price objective on shares of Micron Technology from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. KeyCorp lowered their target price on shares of Micron Technology from $165.00 to $145.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Wedbush reiterated an “outperform” rating and set a $170.00 price target on shares of Micron Technology in a research note on Thursday, June 27th. Finally, Mizuho lifted their target price on Micron Technology from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Two research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, Micron Technology currently has a consensus rating of “Moderate Buy” and an average price target of $157.92.

Insider Activity

In other news, EVP April S. Arnzen sold 4,890 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $135.86, for a total transaction of $664,355.40. Following the completion of the sale, the executive vice president now owns 142,321 shares in the company, valued at approximately $19,335,731.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Sanjay Mehrotra sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $132.14, for a total value of $924,980.00. Following the sale, the chief executive officer now directly owns 719,049 shares in the company, valued at approximately $95,015,134.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $135.86, for a total value of $664,355.40. Following the transaction, the executive vice president now owns 142,321 shares of the company’s stock, valued at $19,335,731.06. The disclosure for this sale can be found here. Insiders sold a total of 67,174 shares of company stock worth $9,528,693 in the last three months. 0.32% of the stock is owned by insiders.

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.