Micron Technology, Inc. (MU) Position Lowered by Thompson Siegel & Walmsley LLC
Thompson Siegel & Walmsley LLC lowered its stake in Micron Technology, Inc. (NASDAQ:MU) by 19.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,055 shares of the semiconductor manufacturer’s stock after selling 15,590 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Micron Technology were worth $2,598,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of MU. Captrust Financial Advisors bought a new position in Micron Technology in the second quarter valued at about $107,000. Jacobi Capital Management LLC grew its position in Micron Technology by 368.8% in the third quarter. Jacobi Capital Management LLC now owns 3,305 shares of the semiconductor manufacturer’s stock valued at $135,000 after acquiring an additional 2,600 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in Micron Technology in the second quarter valued at about $141,000. Krilogy Financial LLC grew its position in Micron Technology by 1,087.5% in the second quarter. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer’s stock valued at $142,000 after acquiring an additional 4,350 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new position in Micron Technology in the second quarter valued at about $142,000. Institutional investors own 76.85% of the company’s stock.
In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of the business’s 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 transaction, the director now directly owns 117,299 shares of the company’s stock, valued at $5,225,670.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $38.10, for a total value of $4,531,766.40. Following the completion of the transaction, the senior vice president now directly owns 289,940 shares in the company, valued at $11,046,714. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 308,415 shares of company stock worth $11,836,825. 0.69% of the stock is owned by insiders.
Micron Technology, Inc. (NASDAQ MU) opened at $49.68 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.34 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $56,670.95, a P/E ratio of 11.07, a P/E/G ratio of 0.66 and a beta of 1.78. Micron Technology, Inc. has a 12 month low of $18.18 and a 12 month high of $49.89.
Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.18. The company had revenue of $6.14 billion for the quarter, compared to analyst estimates of $5.97 billion. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The firm’s quarterly revenue was up 90.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) earnings per share. analysts predict that Micron Technology, Inc. will post 7.42 EPS for the current year.
MU has been the topic of a number of recent analyst reports. BidaskClub cut Micron Technology from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Wells Fargo & Company reiterated an “outperform” rating on shares of Micron Technology in a research report on Monday, July 31st. Robert W. Baird reiterated an “outperform” rating and issued a $48.00 target price on shares of Micron Technology in a research report on Tuesday, August 1st. Citigroup Inc. reissued a “buy” rating and set a $45.00 price target on shares of Micron Technology in a research note on Wednesday, August 2nd. Finally, Cowen Inc reissued a “buy” rating on shares of Micron Technology in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Micron Technology currently has an average rating of “Buy” and a consensus target price of $47.20.
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Micron Technology Company Profile
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