Micron Technology, Inc. (MU) Holdings Trimmed by Nationwide Fund Advisors
Nationwide Fund Advisors lessened its position in Micron Technology, Inc. (NASDAQ:MU) by 5.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 917,035 shares of the semiconductor manufacturer’s stock after selling 55,066 shares during the period. Nationwide Fund Advisors owned approximately 0.08% of Micron Technology worth $27,383,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors bought a new stake in shares of Micron Technology in the 2nd quarter worth $107,000. Guardian Life Insurance Co. of America raised its stake in shares of Micron Technology by 0.3% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock worth $116,000 after buying an additional 13 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Micron Technology in the 2nd quarter worth $141,000. FNY Managed Accounts LLC raised its stake in shares of Micron Technology by 478.0% in the 2nd quarter. FNY Managed Accounts LLC now owns 5,000 shares of the semiconductor manufacturer’s stock worth $149,000 after buying an additional 4,135 shares in the last quarter. Finally, D. Scott Neal Inc. bought a new stake in shares of Micron Technology in the 2nd quarter worth $190,000. 79.34% of the stock is currently owned by institutional investors.
MU has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Micron Technology from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $33.00 price objective (up previously from $30.00) on shares of Micron Technology in a research note on Friday, June 30th. Standpoint Research downgraded Micron Technology from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 24th. BidaskClub downgraded Micron Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research downgraded Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $36.27.
In other news, SVP Brian Shirley sold 27,250 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $31.54, for a total value of $859,465.00. Following the completion of the sale, the senior vice president now directly owns 292,211 shares in the company, valued at $9,216,334.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Scott J. Deboer sold 10,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $34.00, for a total transaction of $340,000.00. Following the completion of the sale, the executive vice president now owns 140,232 shares of the company’s stock, valued at $4,767,888. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,577 shares of company stock valued at $2,305,192. 0.69% of the stock is owned by company insiders.
Micron Technology, Inc. (NASDAQ:MU) traded up 0.20% during midday trading on Friday, hitting $34.65. The stock had a trading volume of 37,417,250 shares. Micron Technology, Inc. has a 1-year low of $16.17 and a 1-year high of $35.00. The company has a market cap of $38.46 billion, a price-to-earnings ratio of 15.22 and a beta of 1.75. The company’s 50 day moving average is $30.63 and its 200 day moving average is $29.31.
Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Thursday, June 29th. The semiconductor manufacturer reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.25. Micron Technology had a net margin of 14.66% and a return on equity of 19.05%. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the previous year, the business earned ($0.08) earnings per share. The firm’s quarterly revenue was up 92.2% on a year-over-year basis. On average, equities analysts anticipate that Micron Technology, Inc. will post $4.72 earnings per share for the current fiscal year.
Micron Technology Company Profile
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 MarketBeat.com's FREE daily email newsletter.