Credit Capital Investments LLC increased its stake in Micron Technology, Inc. (NASDAQ:MU) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 855,000 shares of the semiconductor manufacturer’s stock after purchasing an additional 42,402 shares during the quarter. Micron Technology makes up approximately 34.0% of Credit Capital Investments LLC’s investment portfolio, making the stock its biggest position. Credit Capital Investments LLC owned approximately 0.08% of Micron Technology worth $25,530,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Guardian Life Insurance Co. of America lifted its holdings in Micron Technology by 0.3% during the first quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock valued at $116,000 after purchasing an additional 13 shares in the last quarter. Wetherby Asset Management Inc. boosted 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 period. Neuberger Berman Group LLC boosted its position in shares of Micron Technology by 1.4% in the first quarter. Neuberger Berman Group LLC now owns 12,407 shares of the semiconductor manufacturer’s stock worth $359,000 after purchasing an additional 170 shares during the period. Honkamp Krueger Financial Services Inc. boosted 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 period. Finally, Concert Wealth Management Inc. boosted its position in shares of Micron Technology by 2.7% in the first quarter. Concert Wealth Management Inc. now owns 11,196 shares of the semiconductor manufacturer’s stock worth $247,000 after purchasing an additional 299 shares during the period. 79.32% of the stock is currently owned by institutional investors.

Micron Technology, Inc. (NASDAQ:MU) traded up 0.70% during midday trading on Tuesday, reaching $40.29. 15,007,542 shares of the company were exchanged. Micron Technology, Inc. has a 52 week low of $16.17 and a 52 week high of $40.54. The company has a market capitalization of $44.72 billion, a PE ratio of 17.69 and a beta of 1.82. The firm has a 50-day moving average price of $33.23 and a 200-day moving average price of $30.28.

Micron Technology (NASDAQ:MU) last released its earnings results 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. The firm had revenue of $6.14 billion for the quarter, compared to analyst estimates of $5.97 billion. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The business’s quarterly revenue was up 90.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. Equities research analysts anticipate that Micron Technology, Inc. will post $7.56 earnings per share for the current fiscal year.

In other news, insider Joel L. Poppen sold 80,000 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $38.61, for a total transaction of $3,088,800.00. Following the completion of the transaction, the insider now directly owns 266,966 shares of the company’s stock, valued at approximately $10,307,557.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brian Shirley sold 27,250 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $31.54, for a total value of $859,465.00. Following the transaction, the senior vice president now directly owns 292,211 shares of the company’s stock, valued at $9,216,334.94. The disclosure for this sale can be found here. Insiders sold 311,715 shares of company stock valued at $11,360,460 in the last quarter. 0.69% of the stock is owned by insiders.

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Several analysts have recently commented on the stock. Mizuho restated a “buy” rating and set a $35.00 price objective on shares of Micron Technology in a research report on Friday, June 16th. Citigroup Inc. restated a “buy” rating and set a $45.00 target price on shares of Micron Technology in a research note on Wednesday, August 2nd. BidaskClub raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Loop Capital reaffirmed a “buy” rating and issued a $48.00 target price (up previously from $46.00) on shares of Micron Technology in a report on Wednesday, September 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $75.00 price target on shares of Micron Technology in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Micron Technology currently has an average rating of “Buy” and a consensus price target of $43.08.

About Micron Technology

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

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