34,835 Shares in Micron Technology, Inc. (MU) Acquired by Rational Advisors LLC
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.
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.
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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