Fuller & Thaler Asset Management Inc. bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,500 shares of the semiconductor manufacturer’s stock, valued at approximately $374,000.

A number of other hedge funds have also recently modified their holdings of the business. Eidelman Virant Capital increased its position in shares of Micron Technology by 22.0% during the second quarter. Eidelman Virant Capital now owns 127,400 shares of the semiconductor manufacturer’s stock valued at $3,804,000 after acquiring an additional 23,000 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Micron Technology by 16.3% during 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 acquiring an additional 232,083 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Micron Technology by 8.0% during 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 acquiring an additional 3,317 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Micron Technology by 4.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,627,678 shares of the semiconductor manufacturer’s stock valued at $108,322,000 after acquiring an additional 140,996 shares during the last quarter. Finally, BT Investment Management Ltd acquired a new stake in shares of Micron Technology during the second quarter valued at about $95,449,000. 76.85% of the stock is currently owned by institutional investors.

Shares of Micron Technology, Inc. (NASDAQ:MU) opened at $49.68 on Friday. Micron Technology, Inc. has a 12-month low of $18.18 and a 12-month high of $49.89. The company has a market cap of $57,293.71, a price-to-earnings ratio of 11.19, a P/E/G ratio of 0.67 and a beta of 1.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.34 and a quick ratio of 1.75.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS for the quarter, beating the 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 firm had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same quarter in the prior year, the firm earned ($0.01) EPS. Micron Technology’s revenue for the quarter was up 90.8% on a year-over-year basis. equities analysts forecast that Micron Technology, Inc. will post 7.42 earnings per share for the current year.

A number of equities research analysts have weighed in on MU shares. BidaskClub upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Mizuho reiterated a “buy” rating and set a $38.00 price target on shares of Micron Technology in a research report on Wednesday, August 16th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Micron Technology in a research report on Tuesday, August 29th. Citigroup Inc. set a $45.00 price target on shares of Micron Technology and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Cowen Inc reiterated a “buy” rating on shares of Micron Technology in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.20.

In other Micron Technology news, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the business’s 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 transaction, the senior vice president now directly owns 289,940 shares of the company’s stock, valued at approximately $11,046,714. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $32.64, for a total transaction of $97,920.00. Following the completion of the transaction, the director now directly owns 117,284 shares in the company, valued at $3,828,149.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 308,415 shares of company stock valued at $11,836,825. 0.69% of the stock is owned by insiders.

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Micron Technology Company Profile

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

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