TPG Group Holdings SBS Advisors Inc. lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 24.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,302 shares of the semiconductor manufacturer’s stock after selling 30,176 shares during the period. TPG Group Holdings SBS Advisors Inc.’s holdings in Micron Technology were worth $2,816,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America boosted its holdings in Micron Technology by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock valued at $116,000 after purchasing an additional 13 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in Micron Technology by 1.0% during the 2nd quarter. Wetherby Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock valued at $457,000 after purchasing an additional 154 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Micron Technology by 1.4% during the 1st quarter. Neuberger Berman Group LLC now owns 12,407 shares of the semiconductor manufacturer’s stock valued at $359,000 after purchasing an additional 170 shares in the last quarter. Honkamp Krueger Financial Services Inc. grew its stake in Micron Technology by 0.4% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 52,116 shares of the semiconductor manufacturer’s stock valued at $1,556,000 after purchasing an additional 221 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Micron Technology by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 77,260 shares of the semiconductor manufacturer’s stock valued at $2,307,000 after purchasing an additional 367 shares in the last quarter. 79.32% of the stock is currently owned by institutional investors and hedge funds.

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In related news, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $38.10, for a total transaction of $4,531,766.40. Following the sale, the senior vice president now owns 289,940 shares of the company’s stock, valued at approximately $11,046,714. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brian Shirley sold 27,250 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $31.54, for a total value of $859,465.00. Following the sale, the senior vice president now directly owns 292,211 shares in the company, valued at approximately $9,216,334.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 311,715 shares of company stock worth $11,360,460. Insiders own 0.69% of the company’s stock.

Shares of Micron Technology, Inc. (MU) traded down 2.0912% during mid-day trading on Wednesday, hitting $39.5258. The stock had a trading volume of 19,674,802 shares. Micron Technology, Inc. has a 12-month low of $16.17 and a 12-month high of $40.54. The stock’s 50-day moving average price is $33.55 and its 200-day moving average price is $30.38. The stock has a market capitalization of $43.87 billion, a price-to-earnings ratio of 17.3587 and a beta of 1.82.

Micron Technology (NASDAQ:MU) last issued its earnings results 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. The firm had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.97 billion. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The business’s quarterly revenue was up 90.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. On average, equities analysts anticipate that Micron Technology, Inc. will post $7.55 EPS for the current fiscal year.

Several research analysts have weighed in on the stock. Cowen and Company raised their price objective on shares of Micron Technology from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, June 26th. Robert W. Baird reissued an “outperform” rating and issued a $40.00 target price on shares of Micron Technology in a research report on Monday, June 19th. Deutsche Bank AG restated a “buy” rating and issued a $42.00 target price (up previously from $37.00) on shares of Micron Technology in a research note on Wednesday, September 20th. Needham & Company LLC restated a “buy” rating on shares of Micron Technology in a research note on Wednesday, September 27th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $33.00 price target (up previously from $30.00) on shares of Micron Technology in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Micron Technology currently has a consensus rating of “Buy” and a consensus target price of $43.08.

Micron Technology Company Profile

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

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