Marco Investment Management LLC bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,365 shares of the semiconductor manufacturer’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also made changes to their positions in MU. Capital Research Global Investors lifted its position in Micron Technology by 386.6% in the second quarter. Capital Research Global Investors now owns 39,794,346 shares of the semiconductor manufacturer’s stock valued at $1,188,259,000 after purchasing an additional 31,616,346 shares during the period. Dimensional Fund Advisors LP lifted its position in Micron Technology by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 14,080,297 shares of the semiconductor manufacturer’s stock valued at $420,639,000 after purchasing an additional 74,670 shares during the period. Janus Henderson Group PLC lifted its position in Micron Technology by 2.3% in the third quarter. Janus Henderson Group PLC now owns 12,125,074 shares of the semiconductor manufacturer’s stock valued at $476,863,000 after purchasing an additional 274,086 shares during the period. CI Investments Inc. lifted its position in Micron Technology by 0.5% in the third quarter. CI Investments Inc. now owns 7,570,300 shares of the semiconductor manufacturer’s stock valued at $297,740,000 after purchasing an additional 35,300 shares during the period. Finally, Legal & General Group Plc lifted its position in Micron Technology by 1.7% in the third quarter. Legal & General Group Plc now owns 5,642,131 shares of the semiconductor manufacturer’s stock valued at $221,856,000 after purchasing an additional 94,517 shares during the period. Institutional investors and hedge funds own 81.16% of the company’s stock.

MU has been the subject of a number of recent analyst reports. Citigroup restated a “buy” rating and issued a $45.00 price objective on shares of Micron Technology in a research report on Monday, August 14th. Morgan Stanley restated an “overweight” rating and issued a $36.00 price objective on shares of Micron Technology in a research report on Monday, August 14th. Mizuho restated a “buy” rating and issued a $38.00 price objective on shares of Micron Technology in a research report on Wednesday, August 16th. BidaskClub upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Robert W. Baird restated an “outperform” rating and issued a $48.00 price objective on shares of Micron Technology in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. Micron Technology has an average rating of “Buy” and an average target price of $48.20.

Micron Technology, Inc. (NASDAQ:MU) opened at $43.01 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.75 and a current ratio of 2.34. Micron Technology, Inc. has a 12 month low of $19.49 and a 12 month high of $49.89. The firm has a market cap of $50,006.02, a P/E ratio of 9.73, a PEG ratio of 0.58 and a beta of 1.75.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.18. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The business had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same period last year, the company posted ($0.01) EPS. The company’s revenue was up 90.8% on a year-over-year basis. research analysts predict that Micron Technology, Inc. will post 7.42 earnings per share for the current year.

In other Micron Technology news, EVP Scott J. Deboer sold 29,500 shares of Micron Technology stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $35.00, for a total value of $1,032,500.00. Following the completion of the sale, the executive vice president now directly owns 169,732 shares of the company’s stock, valued at approximately $5,940,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $41.38, for a total transaction of $124,140.00. Following the completion of the sale, the director now directly owns 116,699 shares of the company’s stock, valued at $4,829,004.62. The disclosure for this sale can be found here. Insiders sold a total of 298,088 shares of company stock valued at $11,512,538 over the last ninety days. 0.53% of the stock is owned by corporate insiders.

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Micron Technology Profile

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

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