Chicago Partners Investment Group LLC grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 496.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,389 shares of the semiconductor manufacturer’s stock after buying an additional 2,821 shares during the period. Chicago Partners Investment Group LLC’s holdings in Micron Technology were worth $117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FTB Advisors Inc. increased its stake in shares of Micron Technology by 36.1% in the third quarter. FTB Advisors Inc. now owns 22,050 shares of the semiconductor manufacturer’s stock valued at $997,000 after buying an additional 5,850 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Micron Technology by 5.1% in the third quarter. Janney Montgomery Scott LLC now owns 146,183 shares of the semiconductor manufacturer’s stock valued at $6,612,000 after buying an additional 7,142 shares during the period. Psagot Investment House Ltd. increased its stake in shares of Micron Technology by 151.5% in the third quarter. Psagot Investment House Ltd. now owns 5,030 shares of the semiconductor manufacturer’s stock valued at $228,000 after buying an additional 3,030 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Micron Technology by 8.5% in the third quarter. Gulf International Bank UK Ltd now owns 401,537 shares of the semiconductor manufacturer’s stock valued at $18,161,000 after buying an additional 31,331 shares during the period. Finally, Virginia Retirement Systems ET AL increased its stake in shares of Micron Technology by 4.9% in the third quarter. Virginia Retirement Systems ET AL now owns 544,300 shares of the semiconductor manufacturer’s stock valued at $24,619,000 after buying an additional 25,400 shares during the period. 75.53% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. Goldman Sachs Group set a $68.00 price objective on Micron Technology and gave the company a “buy” rating in a research note on Wednesday, July 18th. BidaskClub downgraded Micron Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Wells Fargo & Co lowered their price objective on Micron Technology from $70.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, August 15th. They noted that the move was a valuation call. Zacks Investment Research downgraded Micron Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Micron Technology in a research note on Thursday, September 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $66.92.

NASDAQ:MU opened at $39.11 on Friday. The company has a market cap of $46.43 billion, a price-to-earnings ratio of 3.31, a PEG ratio of 0.63 and a beta of 1.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.79 and a quick ratio of 2.16. Micron Technology, Inc. has a fifty-two week low of $33.82 and a fifty-two week high of $64.66.

Micron Technology (NASDAQ:MU) last released its earnings results on Thursday, September 20th. The semiconductor manufacturer reported $3.53 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.20. The business had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.25 billion. Micron Technology had a net margin of 46.51% and a return on equity of 51.68%. The company’s revenue for the quarter was up 37.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.02 EPS. On average, sell-side analysts expect that Micron Technology, Inc. will post 10.19 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://theolympiareport.com/2018/11/11/micron-technology-inc-mu-shares-bought-by-chicago-partners-investment-group-llc.html.

Micron Technology Company Profile

Micron Technology, Inc manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels.

Recommended Story: How can investors find ex-dividend dates?

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU).

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

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.