GSA Capital Partners LLP increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 58.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,384 shares of the semiconductor manufacturer’s stock after buying an additional 41,680 shares during the quarter. GSA Capital Partners LLP’s holdings in Micron Technology were worth $3,356,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Micron Technology by 4.9% during the first quarter. Vanguard Group Inc. now owns 86,141,622 shares of the semiconductor manufacturer’s stock valued at $2,489,492,000 after purchasing an additional 4,004,759 shares during the last quarter. Janus Capital Management LLC lifted its position in shares of Micron Technology by 232.4% in the first quarter. Janus Capital Management LLC now owns 5,573,883 shares of the semiconductor manufacturer’s stock worth $161,085,000 after buying an additional 3,896,978 shares during the last quarter. Westpac Banking Corp lifted its position in shares of Micron Technology by 790.9% in the first quarter. Westpac Banking Corp now owns 3,656,771 shares of the semiconductor manufacturer’s stock worth $113,251,000 after buying an additional 3,246,321 shares during the last quarter. BT Investment Management Ltd acquired a new stake in shares of Micron Technology in the second quarter worth about $95,449,000. Finally, AQR Capital Management LLC lifted its position in shares of Micron Technology by 64.4% in the first quarter. AQR Capital Management LLC now owns 5,823,890 shares of the semiconductor manufacturer’s stock worth $168,310,000 after buying an additional 2,281,331 shares during the last quarter. Institutional investors and hedge funds own 79.32% of the company’s stock.
Micron Technology, Inc. (MU) traded down 0.0840% on Wednesday, reaching $35.9198. 14,861,663 shares of the company’s stock were exchanged. Micron Technology, Inc. has a one year low of $16.17 and a one year high of $36.60. The firm has a 50 day moving average price of $31.03 and a 200 day moving average price of $29.54. The firm has a market cap of $39.87 billion, a PE ratio of 15.7751 and a beta of 1.75.
Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Thursday, June 29th. The semiconductor manufacturer reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.25. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.41 billion. Micron Technology had a net margin of 14.66% and a return on equity of 19.05%. Micron Technology’s revenue was up 92.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post $4.72 earnings per share for the current year.
In other news, EVP Scott J. Deboer sold 29,500 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $35.00, for a total transaction of $1,032,500.00. Following the completion of the transaction, the executive vice president now directly owns 169,732 shares of the company’s stock, valued at $5,940,620. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ernest E. Maddock acquired 3,400 shares of the stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $27.89 per share, with a total value of $94,826.00. Following the completion of the transaction, the chief financial officer now owns 192,385 shares of the company’s stock, valued at approximately $5,365,617.65. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 103,077 shares of company stock valued at $3,337,692. 0.69% of the stock is currently owned by corporate insiders.
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Several research firms recently weighed in on MU. Vetr cut Micron Technology from a “strong-buy” rating to a “buy” rating and set a $39.15 price objective for the company. in a research report on Tuesday. Susquehanna Bancshares Inc boosted their price target on Micron Technology from $40.00 to $50.00 and gave the company a “positive” rating in a research note on Tuesday. Evercore ISI boosted their price target on Micron Technology from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday. KeyCorp restated a “hold” rating on shares of Micron Technology in a research note on Tuesday, September 12th. Finally, Goldman Sachs Group, Inc. (The) upgraded Micron Technology from a “neutral” rating to a “buy” rating and boosted their price target for the company from $33.00 to $40.00 in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty 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 price target of $37.29.
About Micron Technology
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