Rothschild Investment Corp IL bought a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,930 shares of the semiconductor manufacturer’s stock, valued at approximately $359,000.

Several other hedge funds have also modified their holdings of the company. Senator Investment Group LP purchased a new position in Micron Technology in the 2nd quarter valued at approximately $140,277,000. Point72 Asset Management L.P. increased its position in Micron Technology by 632.0% during the second quarter. Point72 Asset Management L.P. now owns 2,027,604 shares of the semiconductor manufacturer’s stock worth $106,328,000 after buying an additional 1,750,604 shares in the last quarter. Natixis increased its position in Micron Technology by 345.7% during the second quarter. Natixis now owns 2,028,745 shares of the semiconductor manufacturer’s stock worth $106,388,000 after buying an additional 1,573,549 shares in the last quarter. Parnassus Investments CA increased its position in Micron Technology by 40.0% during the second quarter. Parnassus Investments CA now owns 4,900,000 shares of the semiconductor manufacturer’s stock worth $256,956,000 after buying an additional 1,400,000 shares in the last quarter. Finally, Global Thematic Partners LLC increased its position in Micron Technology by 178.5% during the second quarter. Global Thematic Partners LLC now owns 1,273,854 shares of the semiconductor manufacturer’s stock worth $66,802,000 after buying an additional 816,374 shares in the last quarter. 74.05% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Steven L. Thorsen, Jr. sold 40,000 shares of Micron Technology stock in a transaction on Friday, July 20th. The stock was sold at an average price of $55.09, for a total value of $2,203,600.00. Following the transaction, the senior vice president now owns 126,990 shares in the company, valued at $6,995,879.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.

MU has been the subject of several recent research reports. Rosenblatt Securities raised their price target on Micron Technology to $120.00 in a research report on Thursday, June 21st. Stifel Nicolaus raised their price target on Micron Technology to $108.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. MKM Partners raised their price target on Micron Technology to $77.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. JPMorgan Chase & Co. raised their price target on Micron Technology from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. Finally, Credit Suisse Group set a $90.00 price target on Micron Technology and gave the stock a “buy” rating in a research report on Thursday, June 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $68.42.

MU stock opened at $42.35 on Thursday. Micron Technology, Inc. has a 52-week low of $37.52 and a 52-week high of $64.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.06 and a current ratio of 2.63. The firm has a market cap of $52.46 billion, a PE ratio of 3.58, a price-to-earnings-growth ratio of 0.69 and a beta of 1.55.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Thursday, September 20th. The semiconductor manufacturer reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.20. Micron Technology had a return on equity of 54.94% and a net margin of 46.51%. The business had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter last year, the firm earned $2.02 earnings per share. The business’s revenue was up 37.5% on a year-over-year basis. As a group, equities research analysts predict that Micron Technology, Inc. will post 10.4 EPS for the current fiscal year.

Micron Technology Profile

Micron Technology, Inc provides semiconductor systems worldwide. The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; lower power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 DRAM and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as for computer memory upgrades; and hybrid memory cube semiconductor memory devices.

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

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