Advantus Capital Management Inc grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 7.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,326 shares of the semiconductor manufacturer’s stock after buying an additional 7,508 shares during the period. Advantus Capital Management Inc owned 9,739.87% of Micron Technology worth $4,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wetherby Asset Management Inc. increased its position in shares of Micron Technology by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock worth $457,000 after purchasing an additional 154 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its position in shares of Micron Technology by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 52,116 shares of the semiconductor manufacturer’s stock worth $1,556,000 after purchasing an additional 221 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Micron Technology by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 77,260 shares of the semiconductor manufacturer’s stock worth $2,307,000 after purchasing an additional 367 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Micron Technology by 4.7% in the second quarter. Parallel Advisors LLC now owns 8,266 shares of the semiconductor manufacturer’s stock worth $232,000 after purchasing an additional 369 shares during the last quarter. Finally, Advisor Partners LLC increased its position in shares of Micron Technology by 1.5% in the second quarter. Advisor Partners LLC now owns 24,638 shares of the semiconductor manufacturer’s stock worth $736,000 after purchasing an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.

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In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of Micron Technology 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 owns 117,299 shares of the company’s stock, valued at approximately $5,225,670.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott J. Deboer sold 30,000 shares of Micron Technology stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $42.00, for a total value of $1,260,000.00. Following the completion of the sale, the executive vice president now directly owns 122,667 shares in the company, valued at approximately $5,152,014. The disclosure for this sale can be found here. Over the last three months, insiders sold 333,415 shares of company stock worth $12,602,325. 0.69% of the stock is owned by insiders.

Micron Technology, Inc. (MU) traded up $0.29 during mid-day trading on Friday, hitting $43.79. The stock had a trading volume of 6,061,698 shares, compared to its average volume of 28,824,898. Micron Technology, Inc. has a 12-month low of $16.90 and a 12-month high of $45.33. The company has a current ratio of 2.34, a quick ratio of 1.75 and a debt-to-equity ratio of 0.51. The stock has a market cap of $50,847.01, a PE ratio of 9.93, a P/E/G ratio of 0.59 and a beta of 1.78.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.18. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The firm had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $5.97 billion. During the same period in the previous year, the firm earned ($0.01) EPS. The business’s quarterly revenue was up 90.8% on a year-over-year basis. equities analysts forecast that Micron Technology, Inc. will post 7.47 earnings per share for the current year.

A number of research analysts have commented on MU shares. J P Morgan Chase & Co increased their price target on shares of Micron Technology from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday. Goldman Sachs Group, Inc. (The) upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and increased their price target for the company from $33.00 to $40.00 in a research report on Tuesday, September 12th. Susquehanna Bancshares Inc increased their price target on shares of Micron Technology from $40.00 to $50.00 and gave the company a “positive” rating in a research report on Tuesday, September 19th. UBS AG reissued a “buy” rating and set a $53.00 price objective (up previously from $39.50) on shares of Micron Technology in a research note on Thursday, October 19th. They noted that the move was a valuation call. Finally, Deutsche Bank AG reissued a “buy” rating and set a $37.00 price objective on shares of Micron Technology in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.96.

Micron Technology Profile

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

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