KCM Investment Advisors LLC Has $226,000 Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

KCM Investment Advisors LLC increased its position in Micron Technology, Inc. (NASDAQ:MU) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,175 shares of the semiconductor manufacturer’s stock after purchasing an additional 118 shares during the quarter. KCM Investment Advisors LLC’s holdings in Micron Technology were worth $226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC raised its position in shares of Micron Technology by 6.5% during the 1st quarter. Intech Investment Management LLC now owns 44,025 shares of the semiconductor manufacturer’s stock valued at $5,190,000 after acquiring an additional 2,701 shares during the last quarter. TIAA Trust National Association bought a new stake in Micron Technology in the first quarter valued at about $327,000. Acadian Asset Management LLC lifted its stake in Micron Technology by 487.7% in the first quarter. Acadian Asset Management LLC now owns 132,882 shares of the semiconductor manufacturer’s stock valued at $15,660,000 after buying an additional 110,271 shares during the period. Trustmark National Bank Trust Department boosted its holdings in Micron Technology by 4.1% during the first quarter. Trustmark National Bank Trust Department now owns 15,596 shares of the semiconductor manufacturer’s stock worth $1,839,000 after buying an additional 616 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Micron Technology by 3.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 98,524 shares of the semiconductor manufacturer’s stock worth $11,615,000 after buying an additional 3,016 shares during the period. 80.84% of the stock is owned by institutional investors.

Micron Technology Trading Down 2.9 %

NASDAQ MU opened at $96.34 on Friday. Micron Technology, Inc. has a 12 month low of $72.93 and a 12 month high of $157.54. The company has a current ratio of 2.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $101.33 and a 200-day moving average of $112.72. The company has a market cap of $106.82 billion, a PE ratio of 141.68 and a beta of 1.18.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 25th. The semiconductor manufacturer reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. The firm had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Micron Technology had a net margin of 3.10% and a return on equity of 1.58%. The company’s revenue for the quarter was up 93.3% compared to the same quarter last year. During the same quarter last year, the company posted ($1.21) earnings per share. On average, equities research analysts anticipate that Micron Technology, Inc. will post 8.31 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Monday, October 7th. Micron Technology’s dividend payout ratio (DPR) is presently 67.65%.

Wall Street Analyst Weigh In

MU has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on shares of Micron Technology from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 18th. Citigroup cut their target price on shares of Micron Technology from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, September 17th. Raymond James lifted their price target on shares of Micron Technology from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Morgan Stanley upped their price objective on shares of Micron Technology from $100.00 to $114.00 and gave the company an “equal weight” rating in a research report on Thursday, September 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price objective on shares of Micron Technology in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $143.04.

Insider Buying and Selling at Micron Technology

In related news, EVP April S. Arnzen sold 4,890 shares of Micron Technology stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $113.00, for a total transaction of $552,570.00. Following the completion of the sale, the executive vice president now owns 135,830 shares of the company’s stock, valued at approximately $15,348,790. The trade was a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.

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.