Rational Advisors LLC Sells 262 Shares of Micron Technology, Inc. (NASDAQ:MU)

Rational Advisors LLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 19.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,089 shares of the semiconductor manufacturer’s stock after selling 262 shares during the period. Rational Advisors LLC’s holdings in Micron Technology were worth $113,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Hazlett Burt & Watson Inc. lifted its holdings in shares of Micron Technology by 17.7% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 10,362 shares of the semiconductor manufacturer’s stock valued at $1,076,000 after acquiring an additional 1,559 shares during the last quarter. PDS Planning Inc lifted its holdings in shares of Micron Technology by 2.4% in the 3rd quarter. PDS Planning Inc now owns 4,382 shares of the semiconductor manufacturer’s stock valued at $454,000 after acquiring an additional 104 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Micron Technology by 2.9% in the 3rd quarter. QRG Capital Management Inc. now owns 170,351 shares of the semiconductor manufacturer’s stock valued at $17,667,000 after acquiring an additional 4,878 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Micron Technology by 1.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 425,761 shares of the semiconductor manufacturer’s stock worth $44,156,000 after purchasing an additional 5,018 shares during the period. Finally, National Pension Service raised its position in Micron Technology by 35.2% in the 3rd quarter. National Pension Service now owns 2,577,306 shares of the semiconductor manufacturer’s stock worth $267,292,000 after purchasing an additional 670,450 shares during the period. Institutional investors own 80.84% of the company’s stock.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $113.00, for a total value of $552,570.00. Following the completion of the sale, the executive vice president now directly owns 135,830 shares in the company, valued at $15,348,790. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by insiders.

Micron Technology Stock Performance

Shares of MU stock opened at $101.73 on Tuesday. The firm has a market cap of $112.79 billion, a price-to-earnings ratio of 149.61 and a beta of 1.18. The company’s 50 day moving average is $99.00 and its 200 day moving average is $113.11. The company has a quick ratio of 1.68, a current ratio of 2.64 and a debt-to-equity ratio of 0.29. Micron Technology, Inc. has a 52-week low of $71.71 and a 52-week high of $157.54.

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

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were paid a $0.115 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.46 annualized dividend and a yield of 0.45%. Micron Technology’s dividend payout ratio (DPR) is 67.65%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MU. Citigroup reduced their price objective on shares of Micron Technology from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Stifel Nicolaus reduced their price objective on shares of Micron Technology from $165.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, September 19th. China Renaissance began coverage on shares of Micron Technology in a research report on Monday, October 28th. They issued a “buy” rating and a $148.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Micron Technology from $100.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 26th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price objective on shares of Micron Technology in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, Micron Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.04.

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.