Teacher Retirement System of Texas lowered its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,635,471 shares of the semiconductor manufacturer’s stock after selling 121,659 shares during the quarter. Teacher Retirement System of Texas owned 0.14% of Micron Technology worth $64,323,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Eidelman Virant Capital grew its stake in Micron Technology by 22.0% in the 2nd quarter. Eidelman Virant Capital now owns 127,400 shares of the semiconductor manufacturer’s stock valued at $3,804,000 after purchasing an additional 23,000 shares during the period. Schroder Investment Management Group grew its stake in Micron Technology by 16.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,652,878 shares of the semiconductor manufacturer’s stock valued at $52,016,000 after purchasing an additional 232,083 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Micron Technology by 8.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 44,928 shares of the semiconductor manufacturer’s stock valued at $1,342,000 after purchasing an additional 3,317 shares during the period. Quantitative Systematic Strategies LLC grew its stake in Micron Technology by 0.7% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 67,006 shares of the semiconductor manufacturer’s stock valued at $2,106,000 after purchasing an additional 475 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Micron Technology by 4.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,627,678 shares of the semiconductor manufacturer’s stock valued at $108,322,000 after purchasing an additional 140,996 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Shares of Micron Technology, Inc. (NASDAQ:MU) traded up $0.82 during trading on Monday, hitting $45.60. The stock had a trading volume of 30,023,195 shares, compared to its average volume of 28,969,953. Micron Technology, Inc. has a fifty-two week low of $16.90 and a fifty-two week high of $45.33. The stock has a market capitalization of $52,600.00, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 0.60 and a beta of 1.78. The company has a quick ratio of 1.75, a current ratio of 2.34 and a debt-to-equity ratio of 0.51.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.18. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The business had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $5.97 billion. During the same period in the previous year, the business earned ($0.01) earnings per share. The business’s revenue was up 90.8% on a year-over-year basis. analysts forecast that Micron Technology, Inc. will post 7.42 earnings per share for the current year.

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 transaction of $133,650.00. Following the sale, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott J. Deboer sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $42.00, for a total value of $1,260,000.00. Following the sale, the executive vice president now directly owns 122,667 shares in the company, valued at $5,152,014. The disclosure for this sale can be found here. Insiders sold 333,415 shares of company stock worth $12,602,325 over the last quarter. 0.69% of the stock is owned by company insiders.

MU has been the topic of a number of recent research reports. UBS AG reaffirmed a “buy” rating and set a $53.00 price target (up previously from $39.50) on shares of Micron Technology in a research report on Thursday, October 19th. They noted that the move was a valuation call. Citigroup Inc. set a $45.00 price target on Micron Technology and gave the company a “buy” rating in a research report on Wednesday, July 19th. Evercore ISI upped their price target on Micron Technology from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, September 18th. Stifel Nicolaus reissued a “buy” rating and set a $64.00 price objective on shares of Micron Technology in a report on Wednesday, October 11th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Micron Technology in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $46.96.

WARNING: “Teacher Retirement System of Texas Sells 121,659 Shares of Micron Technology, Inc. (MU)” was published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/teacher-retirement-system-of-texas-sells-121659-shares-of-micron-technology-inc-mu/1700760.html.

Micron Technology Company Profile

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

Receive News & Ratings for Micron Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.