Aperio Group LLC increased its position in Micron Technology, Inc. (NASDAQ:MU) by 17.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 468,606 shares of the semiconductor manufacturer’s stock after buying an additional 70,696 shares during the period. Aperio Group LLC’s holdings in Micron Technology were worth $13,993,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. boosted its position in shares of 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 during the period. Prospera Financial Services Inc bought a new position in shares of Micron Technology during the first quarter worth approximately $201,000. Bank of Montreal Can boosted its position in shares of 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 during the period. Gulf International Bank UK Ltd boosted its position in shares of 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 during the period. Finally, Raymond James Trust N.A. boosted its position in shares of 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 during the period. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology, Inc. (NASDAQ:MU) traded up 0.03% during mid-day trading on Friday, reaching $32.01. The company had a trading volume of 21,146,582 shares. Micron Technology, Inc. has a 52 week low of $13.02 and a 52 week high of $32.96. The firm has a market capitalization of $35.53 billion, a PE ratio of 14.06 and a beta of 1.78. The stock’s 50-day moving average price is $31.24 and its 200 day moving average price is $27.26.

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

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A number of brokerages have commented on MU. Needham & Company LLC reaffirmed a “buy” rating on shares of Micron Technology in a research note on Thursday, June 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Micron Technology in a research note on Monday, June 26th. Barclays PLC lifted their price target on Micron Technology from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised Micron Technology from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, June 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating on shares of Micron Technology in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $35.65.

In related news, 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 completion of the transaction, the senior vice president now owns 292,211 shares in the company, valued at approximately $9,216,334.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 27,242 shares of the firm’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $27.66, for a total value of $753,513.72. Following the completion of the transaction, the director now owns 54,533 shares of the company’s stock, valued at approximately $1,508,382.78. The disclosure for this sale can be found here. Insiders sold a total of 70,492 shares of company stock valued at $2,109,749 in the last 90 days. 0.69% of the stock is currently owned by company insiders.

About Micron Technology

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

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