ICM Asset Management Inc. WA raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 5.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,312 shares of the semiconductor manufacturer’s stock after purchasing an additional 7,185 shares during the quarter. Micron Technology accounts for 4.4% of ICM Asset Management Inc. WA’s investment portfolio, making the stock its 4th largest position. ICM Asset Management Inc. WA’s holdings in Micron Technology were worth $5,675,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MU. Executive Wealth Management LLC bought a new position in shares of Micron Technology during the 4th quarter worth $26,000. JNBA Financial Advisors bought a new position in shares of Micron Technology during the 4th quarter worth $28,000. Lavaca Capital LLC bought a new position in shares of Micron Technology during the 4th quarter worth $29,000. Athena Capital Advisors LLC purchased a new stake in Micron Technology during the 4th quarter worth about $29,000. Finally, Valeo Financial Advisors LLC lifted its holdings in Micron Technology by 73.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 709 shares of the semiconductor manufacturer’s stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 77.21% of the company’s stock.

Shares of NASDAQ:MU traded down $0.19 on Monday, hitting $41.82. The company’s stock had a trading volume of 16,049,442 shares, compared to its average volume of 32,574,557. Micron Technology, Inc. has a 1 year low of $28.39 and a 1 year high of $64.66. The stock has a market cap of $46.79 billion, a P/E ratio of 3.54, a PEG ratio of 1.06 and a beta of 1.87. The company has a quick ratio of 1.65, a current ratio of 2.25 and a debt-to-equity ratio of 0.10.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. Micron Technology had a return on equity of 40.67% and a net margin of 43.56%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.82 billion. During the same quarter last year, the firm posted $2.82 EPS. The company’s revenue was down 20.6% compared to the same quarter last year. On average, equities research analysts expect that Micron Technology, Inc. will post 6.27 EPS for the current fiscal year.

A number of analysts recently issued reports on the company. Cowen increased their price objective on Micron Technology to $46.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Mizuho dropped their price objective on Micron Technology from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, March 15th. BidaskClub raised Micron Technology from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Needham & Company LLC reissued a “hold” rating on shares of Micron Technology in a report on Thursday, March 21st. Finally, Piper Jaffray Companies increased their price objective on Micron Technology from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.59.

In other news, SVP April S. Arnzen sold 21,182 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $39.39, for a total transaction of $834,358.98. Following the transaction, the senior vice president now directly owns 86,992 shares in the company, valued at approximately $3,426,614.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott J. Deboer sold 14,486 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $42.88, for a total value of $621,159.68. Following the transaction, the executive vice president now owns 150,236 shares in the company, valued at $6,442,119.68. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

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Micron Technology Company Profile

Micron Technology, Inc manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels.

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

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