Pure Financial Advisors LLC Has $571,000 Stock Holdings in Micron Technology, Inc. $MU

Pure Financial Advisors LLC boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 24.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,635 shares of the semiconductor manufacturer’s stock after purchasing an additional 903 shares during the quarter. Pure Financial Advisors LLC’s holdings in Micron Technology were worth $571,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. HMS Capital Management LLC lifted its holdings in Micron Technology by 0.6% during the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock worth $2,375,000 after buying an additional 107 shares in the last quarter. D.B. Root & Company LLC lifted its holdings in Micron Technology by 3.7% during the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after buying an additional 108 shares in the last quarter. Werlinich Asset Management LLC boosted its stake in Micron Technology by 1.1% in the second quarter. Werlinich Asset Management LLC now owns 10,685 shares of the semiconductor manufacturer’s stock valued at $1,317,000 after acquiring an additional 115 shares during the last quarter. Rise Advisors LLC boosted its stake in Micron Technology by 5.3% in the first quarter. Rise Advisors LLC now owns 2,373 shares of the semiconductor manufacturer’s stock valued at $206,000 after acquiring an additional 120 shares during the last quarter. Finally, Orca Wealth Management LLC boosted its stake in Micron Technology by 1.5% in the first quarter. Orca Wealth Management LLC now owns 8,485 shares of the semiconductor manufacturer’s stock valued at $737,000 after acquiring an additional 129 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Micron Technology from $135.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, September 22nd. Mizuho raised their price objective on shares of Micron Technology from $182.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Wolfe Research raised their price objective on shares of Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Finally, Susquehanna raised their price objective on shares of Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, September 17th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Moderate Buy” and an average price target of $184.77.

Insider Buying and Selling

In related news, Director Mary Pat Mccarthy sold 2,404 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $115.67, for a total value of $278,070.68. Following the sale, the director directly owned 20,146 shares of the company’s stock, valued at approximately $2,330,287.82. The trade was a 10.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the sale, the chief financial officer directly owned 264,036 shares in the company, valued at $28,864,415.52. This represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,456 shares of company stock worth $15,698,445 over the last ninety days. Insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

Shares of MU stock opened at $187.83 on Friday. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $191.85. The firm has a market capitalization of $210.20 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 0.40 and a beta of 1.56. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $134.89 and a 200-day moving average of $110.70.

Micron Technology Announces Dividend

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

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.