Quad Cities Investment Group LLC lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 29.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,200 shares of the semiconductor manufacturer’s stock after selling 500 shares during the quarter. Quad Cities Investment Group LLC’s holdings in Micron Technology were worth $46,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brick & Kyle Associates lifted its stake in shares of Micron Technology by 1.4% during the 2nd quarter. Brick & Kyle Associates now owns 35,130 shares of the semiconductor manufacturer’s stock valued at $1,434,000 after buying an additional 500 shares in the last quarter. NEXT Financial Group Inc lifted its stake in Micron Technology by 434.0% in the 2nd quarter. NEXT Financial Group Inc now owns 5,623 shares of the semiconductor manufacturer’s stock worth $217,000 after purchasing an additional 4,570 shares in the last quarter. CWM Advisors LLC lifted its stake in Micron Technology by 15.6% in the 2nd quarter. CWM Advisors LLC now owns 34,086 shares of the semiconductor manufacturer’s stock worth $1,315,000 after purchasing an additional 4,590 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in Micron Technology by 2,699.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 298,377 shares of the semiconductor manufacturer’s stock worth $29,838,000 after purchasing an additional 287,717 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in Micron Technology by 7.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 79,298 shares of the semiconductor manufacturer’s stock worth $3,060,000 after purchasing an additional 5,237 shares in the last quarter. 77.21% of the stock is owned by institutional investors.

In other news, SVP April S. Arnzen sold 4,800 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $45.00, for a total value of $216,000.00. Following the completion of the sale, the senior vice president now owns 79,392 shares of the company’s stock, valued at approximately $3,572,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP April S. Arnzen sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $48.44, for a total transaction of $116,256.00. Following the completion of the sale, the senior vice president now directly owns 76,992 shares of the company’s stock, valued at approximately $3,729,492.48. The disclosure for this sale can be found here. Insiders sold a total of 56,163 shares of company stock valued at $2,575,562 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Several analysts have recently issued reports on MU shares. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Robert W. Baird cut their price target on shares of Micron Technology from $32.00 to $28.00 and set an “underperform” rating on the stock in a report on Friday, June 21st. Bank of America upped their price target on shares of Micron Technology from $45.00 to $60.00 and gave the company an “average” rating in a report on Thursday, July 18th. Finally, Cowen assumed coverage on shares of Kontoor Brands in a report on Monday, April 8th. They set a “neutral” rating and a $7.50 price target on the stock. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Micron Technology has an average rating of “Hold” and a consensus target price of $47.62.

MU stock traded down $0.28 during mid-day trading on Friday, reaching $47.49. The company had a trading volume of 19,661,108 shares, compared to its average volume of 31,786,676. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.79 and a quick ratio of 1.88. The stock has a market cap of $52.73 billion, a P/E ratio of 4.02 and a beta of 1.97. The business has a 50 day moving average of $39.12. Micron Technology, Inc. has a 12 month low of $28.39 and a 12 month high of $54.63.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, June 25th. The semiconductor manufacturer reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.30. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.70 billion. Micron Technology had a net margin of 37.35% and a return on equity of 30.94%. The company’s revenue for the quarter was down 38.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.15 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.06 EPS for the current fiscal year.

About Micron Technology

Micron Technology, Inc engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets.

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

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