Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 163,696 shares of the semiconductor manufacturer’s stock after selling 16,339 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Micron Technology were worth $7,363,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. SevenBridge Financial Group LLC boosted its position in Micron Technology by 87.5% during the third quarter. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer’s stock valued at $100,000 after purchasing an additional 1,190 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in Micron Technology by 76.0% during the third quarter. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer’s stock valued at $115,000 after purchasing an additional 1,252 shares during the last quarter. Jacobi Capital Management LLC boosted its position in Micron Technology by 368.8% during the third quarter. Jacobi Capital Management LLC now owns 3,305 shares of the semiconductor manufacturer’s stock valued at $135,000 after purchasing an additional 2,600 shares during the last quarter. Krilogy Financial LLC boosted its position in Micron Technology by 1,087.5% during the second quarter. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer’s stock valued at $142,000 after purchasing an additional 4,350 shares during the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in Micron Technology during the second quarter valued at approximately $142,000. Institutional investors and hedge funds own 81.05% 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 on Thursday, February 1st. The stock was sold at an average price of $43.17, for a total transaction of $129,510.00. Following the transaction, the director now owns 109,921 shares in the company, valued at approximately $4,745,289.57. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP April S. Arnzen sold 27,878 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $44.27, for a total value of $1,234,159.06. Following the transaction, the senior vice president now owns 58,659 shares in the company, valued at approximately $2,596,833.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,720 shares of company stock worth $6,782,100. Corporate insiders own 0.53% of the company’s stock.

Micron Technology, Inc. (NASDAQ MU) opened at $42.01 on Thursday. The firm has a market capitalization of $50,739.11, a P/E ratio of 6.62, a PEG ratio of 0.44 and a beta of 1.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.83 and a current ratio of 2.39. Micron Technology, Inc. has a 52 week low of $22.64 and a 52 week high of $49.89.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.60. Micron Technology had a return on equity of 41.87% and a net margin of 32.77%. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same quarter last year, the company earned $0.32 earnings per share. The firm’s quarterly revenue was up 71.4% compared to the same quarter last year. research analysts expect that Micron Technology, Inc. will post 10.05 EPS for the current year.

MU has been the subject of several recent research reports. Wells Fargo & Co reissued a “buy” rating and set a $54.00 price target (up from $45.00) on shares of Micron Technology in a research report on Wednesday, December 20th. Zacks Investment Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. BidaskClub raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Vetr raised Micron Technology from a “hold” rating to a “buy” rating and set a $42.77 price objective for the company in a research report on Wednesday, October 25th. Finally, Cowen set a $50.00 price objective on Micron Technology and gave the company a “buy” rating in a research report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Micron Technology presently has an average rating of “Buy” and an average target price of $55.80.

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About Micron Technology

Micron Technology, Inc is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.

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

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