Micron Technology, Inc. (MU) Holdings Boosted by Toronto Dominion Bank

Toronto Dominion Bank raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 25.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 352,381 shares of the semiconductor manufacturer’s stock after purchasing an additional 72,601 shares during the period. Toronto Dominion Bank’s holdings in Micron Technology were worth $10,520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MU. Janus Capital Management LLC raised 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 valued at $161,085,000 after buying an additional 3,896,978 shares during the last quarter. Eidelman Virant Capital raised its position in shares of Micron Technology by 22.0% in the second quarter. Eidelman Virant Capital now owns 127,400 shares of the semiconductor manufacturer’s stock valued at $3,804,000 after buying an additional 23,000 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Micron Technology by 16.3% in the second quarter. Schroder Investment Management Group now owns 1,652,878 shares of the semiconductor manufacturer’s stock valued at $52,016,000 after buying an additional 232,083 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Micron Technology by 8.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,928 shares of the semiconductor manufacturer’s stock valued at $1,342,000 after buying an additional 3,317 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC raised its position in shares of Micron Technology by 0.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 67,006 shares of the semiconductor manufacturer’s stock valued at $2,106,000 after buying an additional 475 shares during the last quarter. 79.31% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Steven L. Thorsen, Jr. sold 118,944 shares of Micron Technology stock in a transaction on Friday, September 29th. The shares were sold at an average price of $38.10, for a total value of $4,531,766.40. Following the completion of the sale, the senior vice president now owns 289,940 shares in the company, valued at $11,046,714. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP April S. Arnzen sold 1,000 shares of Micron Technology stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $28.22, for a total transaction of $28,220.00. Following the completion of the sale, the senior vice president now owns 50,542 shares of the company’s stock, valued at approximately $1,426,295.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 304,415 shares of company stock valued at $11,322,305. Insiders own 0.69% of the company’s stock.

MU has been the subject of a number of recent research reports. UBS AG reiterated an “average” rating and issued a $36.00 target price (up from $32.00) on shares of Micron Technology in a research report on Friday, June 30th. Loop Capital reiterated a “buy” rating and issued a $40.00 target price on shares of Micron Technology in a research report on Friday, June 30th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Micron Technology in a research report on Friday, June 30th. Rosenblatt Securities reiterated a “buy” rating on shares of Micron Technology in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Micron Technology in a research report on Monday, June 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.35.

Shares of Micron Technology, Inc. (NASDAQ MU) traded down 1.362% during mid-day trading on Tuesday, hitting $40.925. 15,889,053 shares of the stock traded hands. The stock has a market cap of $45.39 billion, a PE ratio of 9.280 and a beta of 1.82. The stock has a 50-day moving average of $36.09 and a 200 day moving average of $31.15. Micron Technology, Inc. has a one year low of $16.45 and a one year high of $42.07.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.18. The business had revenue of $6.14 billion during the quarter, compared to analyst estimates of $5.97 billion. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The business’s revenue was up 90.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Equities analysts predict that Micron Technology, Inc. will post $7.58 EPS for the current fiscal year.

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About Micron Technology

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

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