Norinchukin Bank The lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,921 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,755 shares during the period. Norinchukin Bank The’s holdings in Micron Technology were worth $3,261,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital Research Global Investors increased its position in Micron Technology by 386.6% during the 2nd quarter. Capital Research Global Investors now owns 39,794,346 shares of the semiconductor manufacturer’s stock valued at $1,188,259,000 after buying an additional 31,616,346 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Micron Technology by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,080,297 shares of the semiconductor manufacturer’s stock valued at $420,639,000 after buying an additional 74,670 shares in the last quarter. Janus Henderson Group PLC increased its position in Micron Technology by 292.8% during the 2nd quarter. Janus Henderson Group PLC now owns 11,850,988 shares of the semiconductor manufacturer’s stock valued at $353,885,000 after buying an additional 8,834,274 shares in the last quarter. Amerigo Asset Management increased its position in Micron Technology by 11.9% during the 2nd quarter. Amerigo Asset Management now owns 8,077,460 shares of the semiconductor manufacturer’s stock valued at $241,193,000 after buying an additional 860,000 shares in the last quarter. Finally, CI Investments Inc. increased its position in Micron Technology by 0.5% during the 3rd quarter. CI Investments Inc. now owns 7,570,300 shares of the semiconductor manufacturer’s stock valued at $297,740,000 after buying an additional 35,300 shares in the last quarter. 76.85% of the stock is owned by hedge funds and other institutional investors.

In other Micron Technology news, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the firm’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 transaction, the senior vice president now directly owns 289,940 shares of the company’s stock, valued at approximately $11,046,714. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of the firm’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 transaction of $133,650.00. Following the completion of the transaction, the director now directly owns 117,299 shares in the company, valued at $5,225,670.45. The disclosure for this sale can be found here. Insiders sold a total of 308,415 shares of company stock worth $11,836,825 over the last three months. Corporate insiders own 0.69% of the company’s stock.

Micron Technology, Inc. (NASDAQ MU) traded down $0.26 during mid-day trading on Thursday, hitting $49.14. 28,482,742 shares of the stock traded hands, compared to its average volume of 28,922,857. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.75 and a current ratio of 2.34. Micron Technology, Inc. has a twelve month low of $18.18 and a twelve month high of $49.89. The stock has a market cap of $56,970.80, a price-to-earnings ratio of 11.13, a P/E/G ratio of 0.67 and a beta of 1.78.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.18. The business 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 company’s revenue for the quarter was up 90.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) EPS. research analysts expect that Micron Technology, Inc. will post 7.42 EPS for the current year.

MU has been the subject of a number of analyst reports. Citigroup Inc. reaffirmed a “buy” rating and set a $45.00 price objective on shares of Micron Technology in a research report on Wednesday, August 2nd. BidaskClub raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Vetr raised Micron Technology from a “hold” rating to a “buy” rating and set a $42.77 price objective for the company in a research report on Wednesday, October 25th. Loop Capital reaffirmed a “buy” rating and set a $48.00 price objective (up previously from $46.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $75.00 price objective on shares of Micron Technology in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Micron Technology presently has a consensus rating of “Buy” and a consensus target price of $47.20.

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Micron Technology Company Profile

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

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