Rational Advisors LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MU) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 34,835 shares of the semiconductor manufacturer’s stock, valued at approximately $1,432,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Colony Group LLC acquired a new stake in Micron Technology in the second quarter worth about $293,000. Public Employees Retirement System of Ohio boosted its holdings in Micron Technology by 55.4% in the second quarter. Public Employees Retirement System of Ohio now owns 709,061 shares of the semiconductor manufacturer’s stock worth $21,173,000 after acquiring an additional 252,883 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Micron Technology in the second quarter worth about $6,059,000. Cetera Investment Advisers acquired a new stake in Micron Technology in the second quarter worth about $874,000. Finally, Toronto Dominion Bank boosted its holdings in Micron Technology by 25.9% in the second quarter. Toronto Dominion Bank now owns 352,381 shares of the semiconductor manufacturer’s stock worth $10,520,000 after acquiring an additional 72,601 shares in the last quarter. Institutional investors own 80.66% of the company’s stock.

MU has been the subject of several recent analyst reports. UBS Group raised their price target on Micron Technology from $75.00 to $85.00 in a report on Wednesday, December 20th. Vetr downgraded Micron Technology from a “buy” rating to a “hold” rating and set a $47.81 target price for the company. in a report on Friday, November 17th. Morgan Stanley lifted their target price on Micron Technology from $39.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, November 27th. ValuEngine downgraded Micron Technology from a “strong-buy” rating to a “buy” rating in a 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 report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Micron Technology currently has an average rating of “Buy” and an average target price of $55.80.

In other news, EVP Scott J. Deboer sold 14,750 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $43.28, for a total value of $638,380.00. Following the completion of the sale, the executive vice president now directly owns 134,854 shares in the company, valued at $5,836,481.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $41.38, for a total value of $124,140.00. Following the completion of the sale, the director now owns 116,699 shares of the company’s stock, valued at $4,829,004.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 173,470 shares of company stock valued at $7,420,480. 0.53% of the stock is owned by company insiders.

Micron Technology, Inc. (MU) opened at $42.19 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 1.83 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $46,726.69, a P/E ratio of 6.64, a P/E/G ratio of 0.40 and a beta of 1.62. Micron Technology, Inc. has a 12-month low of $22.64 and a 12-month high of $49.89.

Micron Technology (NASDAQ:MU) last announced 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 company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations 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 last year, the business earned $0.32 earnings per share. equities analysts predict that Micron Technology, Inc. will post 10.12 EPS for the current year.

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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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