Charter Trust Co. cut its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 22.3% during the 3rd quarter, Holdings Channel reports. The firm owned 5,934 shares of the semiconductor manufacturer’s stock after selling 1,701 shares during the period. Charter Trust Co.’s holdings in Micron Technology were worth $268,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MU. Tradewinds Capital Management LLC grew its position in Micron Technology by 411.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,996 shares of the semiconductor manufacturer’s stock worth $105,000 after acquiring an additional 1,606 shares during the last quarter. Credit Agricole S A grew its position in Micron Technology by 199,900.0% during the 2nd quarter. Credit Agricole S A now owns 2,000 shares of the semiconductor manufacturer’s stock worth $105,000 after acquiring an additional 1,999 shares during the last quarter. Ancora Advisors LLC bought a new position in Micron Technology during the 3rd quarter worth approximately $111,000. First Manhattan Co. grew its position in Micron Technology by 211.1% during the 3rd quarter. First Manhattan Co. now owns 2,800 shares of the semiconductor manufacturer’s stock worth $126,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Sun Life Financial INC grew its position in Micron Technology by 1,045.5% during the 2nd quarter. Sun Life Financial INC now owns 3,150 shares of the semiconductor manufacturer’s stock worth $165,000 after acquiring an additional 2,875 shares during the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Micron Technology from a “hold” rating to a “sell” rating in a research report on Friday. Bank of America cut their price objective on Micron Technology from $85.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday. ValuEngine upgraded Micron Technology from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 1st. Citigroup cut their price objective on Micron Technology from $50.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, November 29th. Finally, Mizuho cut their price objective on Micron Technology to $54.00 and set a “buy” rating on the stock in a research report on Thursday, November 29th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Micron Technology presently has an average rating of “Buy” and an average price target of $64.51.

MU opened at $35.31 on Friday. The company has a market capitalization of $41.83 billion, a PE ratio of 2.99, a PEG ratio of 0.59 and a beta of 1.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.79 and a quick ratio of 2.16. Micron Technology, Inc. has a 52 week low of $33.82 and a 52 week high of $64.66.

Micron Technology (NASDAQ:MU) last released its earnings results on Thursday, September 20th. The semiconductor manufacturer reported $3.53 EPS for the quarter, beating the Zacks’ consensus estimate of $3.33 by $0.20. The company had revenue of $8.44 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 37.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.02 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 9.86 earnings per share for the current fiscal year.

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Micron Technology Company Profile

Micron Technology, Inc manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels.

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

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