Airain ltd raised its stake in Micron Technology, Inc. (NASDAQ:MU) by 151.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 627,922 shares of the semiconductor manufacturer’s stock after buying an additional 378,248 shares during the period. Micron Technology makes up approximately 0.9% of Airain ltd’s investment portfolio, making the stock its 16th largest position. Airain ltd owned about 0.06% of Micron Technology worth $18,147,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Winslow Capital Management LLC purchased a new position in shares of Micron Technology during the third quarter valued at $200,253,000. Hanseatic Management Services Inc. purchased a new position in shares of Micron Technology during the third quarter valued at $2,450,000. CG Asset Management LLC raised its position in shares of Micron Technology by 7.2% in the third quarter. CG Asset Management LLC now owns 288,910 shares of the semiconductor manufacturer’s stock valued at $5,137,000 after buying an additional 19,350 shares during the last quarter. Goelzer Investment Management Inc. raised its position in shares of Micron Technology by 1.1% in the third quarter. Goelzer Investment Management Inc. now owns 244,572 shares of the semiconductor manufacturer’s stock valued at $4,348,000 after buying an additional 2,620 shares during the last quarter. Finally, Geduld E E raised its position in shares of Micron Technology by 66.7% in the third quarter. Geduld E E now owns 50,000 shares of the semiconductor manufacturer’s stock valued at $889,000 after buying an additional 20,000 shares during the last quarter. 81.43% of the stock is owned by hedge funds and other institutional investors.
Micron Technology, Inc. (NASDAQ:MU) remained flat at $29.43 during midday trading on Friday. 10,720,004 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $27.91 and its 200-day moving average price is $24.13. Micron Technology, Inc. has a 52-week low of $11.50 and a 52-week high of $29.87. The firm has a market capitalization of $32.56 billion, a PE ratio of 45.84 and a beta of 1.93. Micron Technology also was the recipient of unusually large options trading on Thursday. Stock traders acquired 18,288 call options on the stock. This represents an increase of 131% compared to the typical volume of 7,904 call options.
Micron Technology (NASDAQ:MU) last released its earnings results on Thursday, March 23rd. The semiconductor manufacturer reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. Micron Technology had a positive return on equity of 0.81% and a negative net margin of 2.32%. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the prior year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 58.4% on a year-over-year basis. Analysts forecast that Micron Technology, Inc. will post $4.28 earnings per share for the current fiscal year.
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Several research analysts have weighed in on MU shares. Deutsche Bank AG upped their target price on Micron Technology from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, January 30th. Zacks Investment Research raised Micron Technology from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, February 21st. Credit Suisse Group AG upped their target price on Micron Technology from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 22nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Micron Technology in a research report on Monday, May 1st. Finally, Cowen and Company upped their target price on Micron Technology from $26.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.18.
In other news, VP Brian Shirley sold 88,000 shares of the stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $28.67, for a total value of $2,522,960.00. Following the completion of the transaction, the vice president now directly owns 376,292 shares in the company, valued at approximately $10,788,291.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 27,242 shares of the stock in a transaction on Friday, April 28th. The shares were sold at an average price of $27.66, for a total value of $753,513.72. Following the completion of the transaction, the director now owns 54,533 shares of the company’s stock, valued at $1,508,382.78. The disclosure for this sale can be found here. Insiders have sold 229,380 shares of company stock valued at $6,547,444 over the last 90 days. Corporate insiders own 0.69% of the company’s stock.
Micron Technology Company Profile
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