Cibc World Markets Corp grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 859.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,090,380 shares of the semiconductor manufacturer’s stock after buying an additional 976,743 shares during the quarter. Cibc World Markets Corp owned approximately 0.10% of Micron Technology worth $32,559,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Janus Capital Management LLC lifted its position in Micron Technology by 232.4% during the 1st quarter. Janus Capital Management LLC now owns 5,573,883 shares of the semiconductor manufacturer’s stock worth $161,085,000 after buying an additional 3,896,978 shares in the last quarter. Eidelman Virant Capital raised its holdings in shares of 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. Cambridge Investment Research Advisors Inc. raised its holdings in shares of 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. Schroder Investment Management Group raised its holdings in shares of 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. Finally, Quantitative Systematic Strategies LLC raised its holdings in shares of 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. 79.32% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology, Inc. (NASDAQ:MU) traded up 0.45% during midday trading on Friday, reaching $36.07. 21,559,760 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $31.03 and a 200 day moving average price of $29.54. The company has a market cap of $40.04 billion, a price-to-earnings ratio of 15.84 and a beta of 1.75. Micron Technology, Inc. has a 12-month low of $16.17 and a 12-month high of $36.22. Micron Technology also was the target of some unusual options trading activity on Wednesday. Investors purchased 112,784 call options on the company. This is an increase of 137% compared to the average daily volume of 47,676 call options.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Thursday, June 29th. The semiconductor manufacturer reported $1.62 earnings per share (EPS) 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 business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.41 billion. During the same period last year, the firm posted ($0.08) EPS. The company’s revenue was up 92.2% on a year-over-year basis. On average, analysts expect that Micron Technology, Inc. will post $4.73 EPS for the current fiscal year.

A number of brokerages have recently issued reports on MU. MKM Partners reaffirmed a “buy” rating and issued a $45.00 target price (up from $40.00) on shares of Micron Technology in a report on Wednesday. Loop Capital reiterated a “buy” rating and issued a $46.00 price target (up previously from $40.00) on shares of Micron Technology in a research note on Thursday. Vetr upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating and set a $40.63 price target on the stock in a research note on Friday. Deutsche Bank AG reiterated a “buy” rating and issued a $42.00 price target (up previously from $37.00) on shares of Micron Technology in a research note on Wednesday. Finally, Susquehanna Bancshares Inc upped their price target on shares of Micron Technology from $40.00 to $50.00 and gave the company a “positive” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $37.89.

In related news, SVP April S. Arnzen sold 1,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $30.12, for a total value of $30,120.00. Following the completion of the transaction, the senior vice president now directly owns 51,542 shares of the company’s stock, valued at $1,552,445.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Scott J. Deboer sold 29,500 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $35.00, for a total transaction of $1,032,500.00. Following the completion of the transaction, the executive vice president now directly owns 169,732 shares of the company’s stock, valued at $5,940,620. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,077 shares of company stock valued at $3,337,692. Insiders own 0.69% of the company’s stock.

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Micron Technology Profile

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

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