Catalyst Capital Advisors LLC continued to hold its stake in Micron Technology, Inc. (NASDAQ:MU) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,200 shares of the semiconductor manufacturer’s stock at the end of the second quarter. Catalyst Capital Advisors LLC’s holdings in Micron Technology were worth $2,216,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MU. Guardian Life Insurance Co. of America raised its position in shares of 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 buying an additional 13 shares during the last quarter. First Personal Financial Services raised its position in shares of Micron Technology by 96.8% in the first quarter. First Personal Financial Services now owns 4,234 shares of the semiconductor manufacturer’s stock valued at $122,000 after buying an additional 2,083 shares during the last quarter. Washington Trust Bank raised its position in shares of Micron Technology by 1.5% in the first quarter. Washington Trust Bank now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $126,000 after buying an additional 63 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Micron Technology during the second quarter valued at $141,000. Finally, Coconut Grove Bank raised its position in shares of Micron Technology by 1,422.5% in the first quarter. Coconut Grove Bank now owns 5,405 shares of the semiconductor manufacturer’s stock valued at $156,000 after buying an additional 5,050 shares during the last quarter. 80.44% of the stock is owned by institutional investors and hedge funds.

Micron Technology, Inc. (MU) opened at 28.01 on Friday. The firm has a market capitalization of $31.09 billion, a price-to-earnings ratio of 12.30 and a beta of 1.76. Micron Technology, Inc. has a one year low of $15.08 and a one year high of $32.96. The firm has a 50-day moving average price of $30.24 and a 200-day moving average price of $27.97.

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, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.25. The firm had revenue of $5.57 billion for 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 business’s revenue was up 92.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) earnings per share. Analysts expect that Micron Technology, Inc. will post $4.71 EPS for the current year.

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MU has been the topic of several recent research reports. UBS AG reaffirmed an “average” rating and set a $36.00 price objective (up previously from $32.00) on shares of Micron Technology in a research report on Friday, June 30th. Mizuho reiterated a “buy” rating and set a $35.00 price target on shares of Micron Technology in a report on Tuesday, April 25th. Needham & Company LLC reiterated a “buy” rating on shares of Micron Technology in a report on Thursday, June 8th. Stifel Nicolaus reiterated a “buy” rating and set a $47.00 price target on shares of Micron Technology in a report on Tuesday, June 6th. Finally, ValuEngine downgraded Micron Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.65.

In other news, SVP Brian Shirley sold 27,250 shares of Micron Technology 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 directly owns 292,211 shares in the company, valued at $9,216,334.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP April S. Arnzen sold 1,000 shares of Micron Technology stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $30.75, for a total value of $30,750.00. Following the completion of the transaction, the vice president now owns 52,542 shares of the company’s stock, valued at $1,615,666.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,250 shares of company stock worth $1,442,015. Corporate 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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