Andra AP fonden increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,900 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,300 shares during the period. Andra AP fonden’s holdings in Micron Technology were worth $7,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Gideon Capital Advisors Inc. boosted its stake in shares of Micron Technology by 209.9% in the 1st quarter. Gideon Capital Advisors Inc. now owns 62,336 shares of the semiconductor manufacturer’s stock valued at $3,250,000 after purchasing an additional 42,223 shares in the last quarter. Redpoint Investment Management Pty Ltd boosted its stake in shares of Micron Technology by 3.2% in the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 151,404 shares of the semiconductor manufacturer’s stock valued at $7,940,000 after purchasing an additional 4,694 shares in the last quarter. Zacks Investment Management boosted its stake in shares of Micron Technology by 0.3% in the 2nd quarter. Zacks Investment Management now owns 415,827 shares of the semiconductor manufacturer’s stock valued at $21,806,000 after purchasing an additional 1,387 shares in the last quarter. Usca Ria LLC boosted its stake in shares of Micron Technology by 16.8% in the 2nd quarter. Usca Ria LLC now owns 18,980 shares of the semiconductor manufacturer’s stock valued at $995,000 after purchasing an additional 2,730 shares in the last quarter. Finally, Independent Advisor Alliance boosted its stake in shares of Micron Technology by 60.8% in the 2nd quarter. Independent Advisor Alliance now owns 8,443 shares of the semiconductor manufacturer’s stock valued at $433,000 after purchasing an additional 3,191 shares in the last quarter. 74.05% of the stock is owned by institutional investors and hedge funds.

MU has been the subject of a number of research reports. Macquarie set a $70.00 price target on shares of Micron Technology and gave the company a “buy” rating in a research report on Friday, September 21st. ValuEngine cut shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Barclays increased their price target on shares of Micron Technology to $67.00 and gave the company an “overweight” rating in a research report on Thursday, June 21st. BidaskClub cut shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, Cowen set a $62.00 price target on shares of Micron Technology and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $68.42.

Shares of Micron Technology stock opened at $42.47 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 2.06. The stock has a market capitalization of $52.46 billion, a P/E ratio of 3.59, a price-to-earnings-growth ratio of 0.69 and a beta of 1.55. Micron Technology, Inc. has a 1 year low of $37.52 and a 1 year high of $64.66.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Thursday, September 20th. The semiconductor manufacturer reported $3.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.33 by $0.20. The company had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.25 billion. Micron Technology had a net margin of 46.51% and a return on equity of 54.94%. Micron Technology’s quarterly revenue was up 37.5% compared to the same quarter last year. During the same period last year, the business earned $2.02 EPS. Equities research analysts expect that Micron Technology, Inc. will post 10.4 earnings per share for the current fiscal year.

In related news, SVP Steven L. Thorsen, Jr. sold 40,000 shares of the stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $55.09, for a total value of $2,203,600.00. Following the completion of the transaction, the senior vice president now directly owns 126,990 shares in the company, valued at approximately $6,995,879.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by company insiders.

Micron Technology Profile

Micron Technology, Inc provides semiconductor systems worldwide. The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; lower power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 DRAM and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as for computer memory upgrades; and hybrid memory cube semiconductor memory devices.

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Institutional Ownership by Quarter for Micron Technology (NASDAQ:MU)

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