Lingohr & Partner Asset Management GmbH cut its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 15.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 20,777 shares of the semiconductor manufacturer’s stock after selling 3,800 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Micron Technology were worth $940,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Alethea Capital Management LLC acquired a new position in shares of Micron Technology in the 2nd quarter valued at approximately $134,000. Tradewinds Capital Management LLC raised its position in shares of Micron Technology by 411.8% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,996 shares of the semiconductor manufacturer’s stock valued at $105,000 after purchasing an additional 1,606 shares in the last quarter. Brasada Capital Management LP raised its position in shares of Micron Technology by 100.0% in the 1st quarter. Brasada Capital Management LP now owns 2,000 shares of the semiconductor manufacturer’s stock valued at $104,000 after purchasing an additional 1,000 shares in the last quarter. Credit Agricole S A raised its position in shares of Micron Technology by 199,900.0% in the 2nd quarter. Credit Agricole S A now owns 2,000 shares of the semiconductor manufacturer’s stock valued at $105,000 after purchasing an additional 1,999 shares in the last quarter. Finally, America First Investment Advisors LLC acquired a new position in shares of Micron Technology in the 2nd quarter valued at approximately $131,000. 74.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on MU shares. BidaskClub lowered Micron Technology from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target on shares of Micron Technology in a research report on Tuesday, September 18th. Zacks Investment Research lowered Micron Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. JPMorgan Chase & Co. upped their price target on Micron Technology from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. Finally, Rosenblatt Securities upped their price target on Micron Technology to $120.00 in a research report on Thursday, June 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. Micron Technology currently has an average rating of “Buy” and an average target price of $68.42.

Shares of MU opened at $41.30 on Friday. The firm has a market cap of $48.04 billion, a P/E ratio of 3.58, a P/E/G ratio of 0.64 and a beta of 1.54. The company has a quick ratio of 2.06, a current ratio of 2.79 and a debt-to-equity ratio of 0.11. Micron Technology, Inc. has a 12 month low of $37.52 and a 12 month high of $64.66.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Thursday, September 20th. The semiconductor manufacturer reported $3.53 EPS for the quarter, topping the Zacks’ consensus estimate of $3.33 by $0.20. The firm had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.25 billion. Micron Technology had a return on equity of 51.68% and a net margin of 46.51%. The firm’s revenue was up 37.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.02 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 10.37 earnings per share 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.

See Also: How to interpret a stock’s beta number

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU).

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

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.