Cognios Capital LLC lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 135.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,712 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,879 shares during the quarter. Cognios Capital LLC’s holdings in Micron Technology were worth $563,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Swiss National Bank grew its stake in shares of Micron Technology by 1.3% during the 3rd quarter. Swiss National Bank now owns 3,874,503 shares of the semiconductor manufacturer’s stock worth $152,384,000 after acquiring an additional 49,200 shares during the period. LMR Partners LLP lifted its holdings in Micron Technology by 6.9% during the 3rd quarter. LMR Partners LLP now owns 27,653 shares of the semiconductor manufacturer’s stock worth $1,088,000 after purchasing an additional 1,776 shares in the last quarter. AMP Capital Investors Ltd lifted its holdings in Micron Technology by 14.1% during the 3rd quarter. AMP Capital Investors Ltd now owns 801,496 shares of the semiconductor manufacturer’s stock worth $31,521,000 after purchasing an additional 99,231 shares in the last quarter. Sei Investments Co. lifted its holdings in Micron Technology by 5.1% during the 3rd quarter. Sei Investments Co. now owns 1,561,222 shares of the semiconductor manufacturer’s stock worth $61,403,000 after purchasing an additional 76,222 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Micron Technology by 26.7% during the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 9,810 shares of the semiconductor manufacturer’s stock worth $403,000 after purchasing an additional 2,070 shares in the last quarter. Institutional investors own 81.05% of the company’s stock.

Shares of Micron Technology, Inc. (NASDAQ:MU) opened at $40.41 on Friday. Micron Technology, Inc. has a 1-year low of $22.64 and a 1-year high of $49.89. The firm has a market capitalization of $46,730.00, a PE ratio of 6.36, a price-to-earnings-growth ratio of 0.40 and a beta of 1.62. The company has a quick ratio of 1.83, a current ratio of 2.39 and a debt-to-equity ratio of 0.33.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, beating the 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 firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter last year, the firm posted $0.32 EPS. The company’s revenue was up 71.4% compared to the same quarter last year. equities research analysts forecast that Micron Technology, Inc. will post 10.12 earnings per share for the current year.

A number of brokerages recently issued reports on MU. Goldman Sachs Group set a $55.00 price objective on Micron Technology and gave the stock a “buy” rating in a report on Thursday, January 11th. UBS Group reissued a “buy” rating and set a $53.00 price objective (up previously from $39.50) on shares of Micron Technology in a report on Thursday, October 19th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “buy” rating and set a $75.00 price objective (up previously from $65.00) on shares of Micron Technology in a report on Wednesday, December 20th. They noted that the move was a valuation call. Cowen increased their price objective on Micron Technology from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, December 20th. Finally, Vetr raised Micron Technology from a “hold” rating to a “buy” rating and set a $50.20 price objective on the stock in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $55.80.

In other news, Director Robert L. Bailey sold 3,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $41.38, for a total transaction of $124,140.00. Following the transaction, the director now directly owns 116,699 shares in the company, valued at approximately $4,829,004.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP April S. Arnzen sold 27,878 shares of the stock in a transaction dated Friday, December 22nd. The shares were 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 $2,596,833.93. The disclosure for this sale can be found here. Insiders have sold a total of 173,470 shares of company stock worth $7,420,480 over the last quarter. Corporate insiders own 0.53% of the company’s stock.

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Micron Technology Company Profile

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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