Syntal Capital Partners LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 17,022 shares of the semiconductor manufacturer’s stock, valued at approximately $1,495,000.

Other large investors have also recently added to or reduced their stakes in the company. Swiss National Bank raised its position in shares of Micron Technology by 1.3% in the third quarter. Swiss National Bank now owns 3,874,503 shares of the semiconductor manufacturer’s stock valued at $152,384,000 after purchasing an additional 49,200 shares during the period. LMR Partners LLP raised its position in shares of Micron Technology by 6.9% in the third quarter. LMR Partners LLP now owns 27,653 shares of the semiconductor manufacturer’s stock valued at $1,088,000 after purchasing an additional 1,776 shares during the period. AMP Capital Investors Ltd raised its position in shares of Micron Technology by 14.1% in the third quarter. AMP Capital Investors Ltd now owns 801,496 shares of the semiconductor manufacturer’s stock valued at $31,521,000 after purchasing an additional 99,231 shares during the period. Sei Investments Co. raised its position in shares of Micron Technology by 5.1% in the third quarter. Sei Investments Co. now owns 1,561,222 shares of the semiconductor manufacturer’s stock valued at $61,403,000 after purchasing an additional 76,222 shares during the period. Finally, Flinton Capital Management LLC raised its position in shares of Micron Technology by 166.8% in the second quarter. Flinton Capital Management LLC now owns 69,488 shares of the semiconductor manufacturer’s stock valued at $2,075,000 after purchasing an additional 43,440 shares during the period. 80.92% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on MU shares. UBS Group boosted their target price on shares of Micron Technology from $75.00 to $85.00 in a research report on Wednesday, December 20th. Vetr lowered shares of Micron Technology from a “buy” rating to a “hold” rating and set a $47.81 target price on the stock. in a research report on Friday, November 17th. Morgan Stanley boosted their target price on shares of Micron Technology from $39.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, November 27th. ValuEngine lowered shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $50.00 target price on shares of Micron Technology in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $55.33.

Shares of Micron Technology, Inc. (NASDAQ MU) traded down $0.27 during trading hours on Thursday, hitting $43.99. 25,080,000 shares of the stock traded hands, compared to its average volume of 43,160,000. Micron Technology, Inc. has a 52 week low of $21.49 and a 52 week high of $49.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.39 and a quick ratio of 1.83. The firm has a market cap of $50,870.00, a P/E ratio of 6.93, a PEG ratio of 0.44 and a beta of 1.75.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.60. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the previous year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 71.4% compared to the same quarter last year. equities research analysts predict that Micron Technology, Inc. will post 9.78 earnings per share for the current fiscal year.

In related news, Director Robert L. Bailey sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $44.55, for a total transaction of $133,650.00. Following the transaction, the director now owns 117,299 shares in the company, valued at approximately $5,225,670.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott J. Deboer sold 30,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the transaction, the executive vice president now owns 122,667 shares in the company, valued at approximately $5,152,014. The disclosure for this sale can be found here. Insiders sold a total of 188,720 shares of company stock worth $8,046,240 in the last 90 days. 0.53% of the stock is owned by corporate insiders.

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Micron Technology Profile

Micron Technology, Inc is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.

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

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