Bank of Stockton acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,978 shares of the semiconductor manufacturer’s stock, valued at approximately $235,000.

A number of other institutional investors also recently bought and sold shares of the stock. Eidelman Virant Capital grew its holdings in shares of Micron Technology by 22.0% during the 2nd quarter. Eidelman Virant Capital now owns 127,400 shares of the semiconductor manufacturer’s stock worth $3,804,000 after purchasing an additional 23,000 shares during the period. Schroder Investment Management Group lifted its position in Micron Technology by 16.3% during the 2nd quarter. Schroder Investment Management Group now owns 1,652,878 shares of the semiconductor manufacturer’s stock worth $52,016,000 after acquiring an additional 232,083 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Micron Technology by 8.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 44,928 shares of the semiconductor manufacturer’s stock worth $1,342,000 after acquiring an additional 3,317 shares in the last quarter. Quantitative Systematic Strategies LLC lifted its position in Micron Technology by 0.7% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 67,006 shares of the semiconductor manufacturer’s stock worth $2,106,000 after acquiring an additional 475 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Micron Technology by 4.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,627,678 shares of the semiconductor manufacturer’s stock worth $108,322,000 after acquiring an additional 140,996 shares in the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $32.64, for a total value of $97,920.00. Following the completion of the sale, the director now owns 117,284 shares in the company, valued at approximately $3,828,149.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott J. Deboer sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $42.00, for a total value of $1,260,000.00. Following the completion of the sale, the executive vice president now owns 122,667 shares of the company’s stock, valued at approximately $5,152,014. The disclosure for this sale can be found here. Insiders sold a total of 333,415 shares of company stock valued at $12,602,325 in the last quarter. Corporate insiders own 0.69% of the company’s stock.

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A number of equities analysts have issued reports on the company. Citigroup Inc. reaffirmed a “buy” rating and issued a $45.00 target price on shares of Micron Technology in a research report on Wednesday, August 2nd. BidaskClub raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Vetr raised Micron Technology from a “hold” rating to a “buy” rating and set a $42.77 target price on the stock in a research report on Wednesday, October 25th. Loop Capital reaffirmed a “buy” rating and issued a $48.00 target price (up from $46.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $75.00 target price on shares of Micron Technology in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $46.96.

Shares of Micron Technology, Inc. (MU) traded down $0.57 during trading hours on Tuesday, reaching $45.03. The company had a trading volume of 17,796,254 shares, compared to its average volume of 34,990,000. Micron Technology, Inc. has a 1 year low of $17.53 and a 1 year high of $46.00. The company has a market cap of $52,210.00, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 0.60 and a beta of 1.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.75 and a current ratio of 2.34.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.18. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The firm had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same quarter in the prior year, the company earned ($0.01) EPS. The firm’s revenue for the quarter was up 90.8% compared to the same quarter last year. research analysts predict that Micron Technology, Inc. will post 7.42 EPS for the current fiscal year.

Micron Technology Profile

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

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