Banco de Sabadell S.A bought a new position in Micron Technology, Inc. (NASDAQ:MU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 35,893 shares of the semiconductor manufacturer’s stock, valued at approximately $1,475,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SevenBridge Financial Group LLC grew its stake in Micron Technology by 87.5% during the third quarter. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer’s stock valued at $100,000 after acquiring an additional 1,190 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in Micron Technology by 76.0% during the third quarter. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer’s stock valued at $115,000 after acquiring an additional 1,252 shares in the last quarter. Girard Partners LTD. purchased a new position in Micron Technology during the fourth quarter valued at approximately $207,000. Lourd Capital LLC purchased a new position in Micron Technology during the fourth quarter valued at approximately $211,000. Finally, Centaurus Financial Inc. purchased a new position in Micron Technology during the fourth quarter valued at approximately $211,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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Shares of Micron Technology stock opened at $61.07 on Thursday. Micron Technology, Inc. has a 1-year low of $25.63 and a 1-year high of $63.42. The company has a current ratio of 2.39, a quick ratio of 1.83 and a debt-to-equity ratio of 0.33. The company has a market cap of $69,540.79, a price-to-earnings ratio of 9.62, a P/E/G ratio of 0.58 and a beta of 1.46.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.60. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period in the prior year, the business posted $0.32 EPS. The firm’s revenue was up 71.4% compared to the same quarter last year. equities analysts anticipate that Micron Technology, Inc. will post 10.41 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on MU shares. BMO Capital Markets lifted their target price on shares of Micron Technology from $43.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday. Credit Suisse Group lifted their target price on shares of Micron Technology from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday. Susquehanna Bancshares lifted their target price on shares of Micron Technology to $80.00 and gave the company a “positive” rating in a research report on Monday. Deutsche Bank lifted their target price on shares of Micron Technology from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday. Finally, Vetr upgraded shares of Micron Technology from a “hold” rating to a “buy” rating and set a $61.52 target price for the company in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $60.18.

In other Micron Technology news, SVP April S. Arnzen sold 532 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $59.80, for a total transaction of $31,813.60. Following the transaction, the senior vice president now directly owns 57,437 shares of the company’s stock, valued at approximately $3,434,732.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Steven L. Thorsen, Jr. sold 60,921 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $42.40, for a total transaction of $2,583,050.40. The disclosure for this sale can be found here. Insiders have sold a total of 175,224 shares of company stock valued at $7,525,640 over the last quarter. 0.53% of the stock is currently owned by company insiders.

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Micron Technology Profile

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.

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

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