IPG Investment Advisors LLC grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 15.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,219 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,188 shares during the period. IPG Investment Advisors LLC’s holdings in Micron Technology were worth $1,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. AGF Investments Inc. acquired a new position in Micron Technology during the 4th quarter worth approximately $33,950,000. IBM Retirement Fund increased its position in Micron Technology by 6.2% during the 4th quarter. IBM Retirement Fund now owns 27,311 shares of the semiconductor manufacturer’s stock worth $1,233,000 after purchasing an additional 1,601 shares during the period. Harbor Advisors LLC acquired a new position in Micron Technology during the 4th quarter worth approximately $1,994,000. NuWave Investment Management LLC acquired a new position in Micron Technology during the 4th quarter worth approximately $313,000. Finally, Sigma Planning Corp grew its holdings in shares of Micron Technology by 48.1% in the 4th quarter. Sigma Planning Corp now owns 29,034 shares of the semiconductor manufacturer’s stock worth $1,194,000 after acquiring an additional 9,432 shares during the period. Institutional investors own 80.66% of the company’s stock.

In other Micron Technology news, SVP Steven L. Thorsen, Jr. sold 60,921 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $42.40, for a total transaction of $2,583,050.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert L. Bailey sold 3,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $41.38, for a total value of $124,140.00. Following the transaction, the director now directly owns 116,699 shares in the company, valued at approximately $4,829,004.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 173,470 shares of company stock worth $7,420,480. Corporate insiders own 0.53% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Vetr cut Micron Technology from a “buy” rating to a “hold” rating and set a $47.81 price target on the stock. in a report on Friday, November 17th. BidaskClub cut Micron Technology from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. JPMorgan Chase & Co. upped their price target on Micron Technology from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. UBS Group restated a “buy” rating and issued a $53.00 price target (up previously from $39.50) on shares of Micron Technology in a report on Thursday, October 19th. They noted that the move was a valuation call. Finally, KeyCorp restated a “hold” rating on shares of Micron Technology in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.80.

Shares of Micron Technology, Inc. (NASDAQ:MU) opened at $40.41 on Monday. Micron Technology, Inc. has a 52 week low of $22.64 and a 52 week 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 stock has a market capitalization of $46,726.69, a P/E ratio of 6.36, a P/E/G ratio of 0.40 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company earned $0.32 EPS. Micron Technology’s revenue was up 71.4% on a year-over-year basis. equities analysts forecast that Micron Technology, Inc. will post 10.12 earnings per share for the current year.

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Micron Technology Company 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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