Neuberger Berman Group LLC grew its position in Micron Technology, Inc. (NASDAQ:MU) by 816.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,834 shares of the semiconductor manufacturer’s stock after acquiring an additional 168,229 shares during the quarter. Neuberger Berman Group LLC’s holdings in Micron Technology were worth $7,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. TRB Advisors LP bought a new position in Micron Technology during the 3rd quarter worth $3,933,000. California Public Employees Retirement System boosted its position in Micron Technology by 0.5% during the 3rd quarter. California Public Employees Retirement System now owns 2,425,042 shares of the semiconductor manufacturer’s stock worth $95,377,000 after acquiring an additional 12,842 shares during the period. Janney Montgomery Scott LLC boosted its position in Micron Technology by 18.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 138,563 shares of the semiconductor manufacturer’s stock worth $5,450,000 after acquiring an additional 21,426 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Micron Technology by 75.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 84,560 shares of the semiconductor manufacturer’s stock worth $3,328,000 after acquiring an additional 36,361 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in Micron Technology by 22.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 130,278 shares of the semiconductor manufacturer’s stock worth $5,124,000 after acquiring an additional 24,150 shares during the period. Institutional investors and hedge funds own 80.82% of the company’s stock.

Micron Technology, Inc. (MU) opened at $42.48 on Thursday. The firm has a market capitalization of $49,160.00, a price-to-earnings ratio of 6.69, a P/E/G ratio of 0.56 and a beta of 1.75. Micron Technology, Inc. has a 52-week low of $21.49 and a 52-week high of $49.89. The company has a current ratio of 2.39, a quick ratio of 1.83 and a debt-to-equity ratio of 0.33.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.60. The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.43 billion. Micron Technology had a return on equity of 41.87% and a net margin of 32.77%. Micron Technology’s quarterly revenue was up 71.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. equities analysts predict that Micron Technology, Inc. will post 7.91 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target (up previously from $75.00) on shares of Micron Technology in a research report on Wednesday, December 20th. Mizuho reiterated a “buy” rating and set a $40.00 price target (up previously from $38.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Cowen reiterated an “outperform” rating and set a $43.00 price target (up previously from $40.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Longbow Research reiterated a “buy” rating and set a $50.00 price target (up previously from $42.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Finally, Deutsche Bank reiterated a “buy” rating and set a $43.00 price target (up previously from $42.00) on shares of Micron Technology in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.38.

In other Micron Technology news, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $38.10, for a total value of $4,531,766.40. Following the transaction, the senior vice president now directly owns 289,940 shares of the company’s stock, valued at approximately $11,046,714. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $39.86, for a total value of $119,580.00. Following the completion of the transaction, the director now directly owns 114,284 shares in the company, valued at $4,555,360.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,894 shares of company stock worth $9,959,666. Insiders own 0.53% of the company’s stock.

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About Micron Technology

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

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