Winslow Evans & Crocker Inc. Has $1.11 Million Holdings in Micron Technology, Inc. (MU)

Winslow Evans & Crocker Inc. grew its stake in Micron Technology, Inc. (NASDAQ:MU) by 13.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,906 shares of the semiconductor manufacturer’s stock after buying an additional 3,150 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Micron Technology were worth $1,106,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MU. SevenBridge Financial Group LLC lifted its position in shares of Micron Technology by 87.5% in the third quarter. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer’s stock worth $100,000 after buying an additional 1,190 shares during the last quarter. Salem Investment Counselors Inc. lifted its position in shares of Micron Technology by 76.0% in the third quarter. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer’s stock worth $115,000 after buying an additional 1,252 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of Micron Technology by 368.8% in the third quarter. Jacobi Capital Management LLC now owns 3,305 shares of the semiconductor manufacturer’s stock worth $135,000 after buying an additional 2,600 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Micron Technology in the second quarter worth about $142,000. Finally, Krilogy Financial LLC lifted its position in shares of Micron Technology by 1,087.5% in the second quarter. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer’s stock worth $142,000 after buying an additional 4,350 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

In other news, Director Robert L. Bailey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $44.55, for a total value of $133,650.00. Following the sale, the director now directly owns 117,299 shares in the company, valued at approximately $5,225,670.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP April S. Arnzen sold 27,878 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $44.27, for a total value of $1,234,159.06. Following the completion of the sale, the senior vice president now owns 58,659 shares in the company, valued at $2,596,833.93. The disclosure for this sale can be found here. Insiders have sold 158,720 shares of company stock worth $6,786,240 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.

MU has been the subject of several research analyst reports. UBS Group boosted their price objective on Micron Technology from $75.00 to $85.00 in a research report on Wednesday, December 20th. Longbow Research reissued a “buy” rating and set a $50.00 price objective (up previously from $42.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Loop Capital reissued a “buy” rating and set a $48.00 price objective (up previously from $46.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Stifel Nicolaus reissued a “buy” rating and set a $64.00 price objective (up previously from $62.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Finally, Mizuho reissued a “buy” rating and set a $40.00 price objective (up previously from $38.00) on shares of Micron Technology in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $55.33.

Shares of Micron Technology, Inc. (NASDAQ MU) traded down $1.24 on Friday, reaching $42.75. The company had a trading volume of 41,469,156 shares, compared to its average volume of 41,550,000. Micron Technology, Inc. has a 1 year low of $21.49 and a 1 year high of $49.89. The company has a quick ratio of 1.83, a current ratio of 2.39 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $49,430.00, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.45 and a beta of 1.75.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.60. Micron Technology had a return on equity of 41.87% and a net margin of 32.77%. The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 71.4% compared to the same quarter last year. equities research analysts expect that Micron Technology, Inc. will post 9.78 earnings per share for the current fiscal year.

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About Micron Technology

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.

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

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