Teacher Retirement System of Texas increased its position in Micron Technology, Inc. (NASDAQ:MU) by 9.6% during the second quarter, Holdings Channel reports. The institutional investor owned 1,757,130 shares of the semiconductor manufacturer’s stock after buying an additional 153,225 shares during the period. Teacher Retirement System of Texas’ holdings in Micron Technology were worth $52,468,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MU. Raymond James Trust N.A. increased its position in Micron Technology by 14.0% in the first quarter. Raymond James Trust N.A. now owns 15,150 shares of the semiconductor manufacturer’s stock worth $438,000 after buying an additional 1,858 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Micron Technology by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 319,779 shares of the semiconductor manufacturer’s stock worth $9,241,000 after buying an additional 3,900 shares in the last quarter. Bank of Montreal Can increased its position in Micron Technology by 3.3% in the first quarter. Bank of Montreal Can now owns 1,859,684 shares of the semiconductor manufacturer’s stock worth $53,744,000 after buying an additional 60,066 shares in the last quarter. Prospera Financial Services Inc bought a new position in Micron Technology during the first quarter worth $201,000. Finally, Winslow Evans & Crocker Inc. increased its position in Micron Technology by 0.5% in the first quarter. Winslow Evans & Crocker Inc. now owns 21,400 shares of the semiconductor manufacturer’s stock worth $618,000 after buying an additional 100 shares in the last quarter. 80.44% of the stock is currently owned by institutional investors.

Micron Technology, Inc. (NASDAQ:MU) opened at 27.49 on Friday. The firm’s 50-day moving average is $30.35 and its 200-day moving average is $27.93. Micron Technology, Inc. has a 1-year low of $14.43 and a 1-year high of $32.96. The firm has a market capitalization of $30.51 billion, a price-to-earnings ratio of 12.07 and a beta of 1.76.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Thursday, June 29th. The semiconductor manufacturer reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.25. Micron Technology had a net margin of 14.66% and a return on equity of 19.05%. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue was up 92.2% on a year-over-year basis. On average, equities analysts anticipate that Micron Technology, Inc. will post $4.71 EPS for the current year.

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MU has been the topic of a number of recent analyst reports. Mizuho reaffirmed a “buy” rating and set a $35.00 price target on shares of Micron Technology in a research note on Tuesday, April 25th. Robert W. Baird reaffirmed an “outperform” rating and set a $40.00 price target on shares of Micron Technology in a research note on Monday, May 1st. Goldman Sachs Group, Inc. (The) downgraded shares of Micron Technology from a “buy” rating to a “neutral” rating and cut their price target for the stock from $32.00 to $30.00 in a research note on Monday, May 8th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $35.00 target price on shares of Micron Technology in a research note on Friday, May 12th. Finally, Zacks Investment Research downgraded shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $35.65.

In other Micron Technology news, VP April S. Arnzen sold 1,000 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $30.75, for a total transaction of $30,750.00. Following the sale, the vice president now owns 52,542 shares of the company’s stock, valued at approximately $1,615,666.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Scott J. Deboer sold 10,000 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $32.00, for a total transaction of $320,000.00. Following the sale, the vice president now directly owns 150,232 shares in the company, valued at approximately $4,807,424. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,250 shares of company stock worth $1,442,015. Insiders own 0.69% of the company’s stock.

Micron Technology Company Profile

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

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