Valeo Financial Advisors LLC lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 73.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 709 shares of the semiconductor manufacturer’s stock after purchasing an additional 300 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Micron Technology were worth $29,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Kings Point Capital Management grew its stake in Micron Technology by 21.8% in the 4th quarter. Kings Point Capital Management now owns 1,575 shares of the semiconductor manufacturer’s stock valued at $50,000 after purchasing an additional 282 shares during the period. Legacy Financial Advisors Inc. grew its stake in Micron Technology by 29.6% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,387 shares of the semiconductor manufacturer’s stock valued at $44,000 after purchasing an additional 317 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Micron Technology by 1.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 26,666 shares of the semiconductor manufacturer’s stock valued at $846,000 after purchasing an additional 361 shares during the period. Quadrant Capital Group LLC grew its stake in Micron Technology by 15.2% in the 4th quarter. Quadrant Capital Group LLC now owns 3,589 shares of the semiconductor manufacturer’s stock valued at $105,000 after purchasing an additional 474 shares during the period. Finally, WESPAC Advisors SoCal LLC grew its stake in Micron Technology by 11.1% in the 4th quarter. WESPAC Advisors SoCal LLC now owns 4,887 shares of the semiconductor manufacturer’s stock valued at $155,000 after purchasing an additional 487 shares during the period. 77.20% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on MU shares. Royal Bank of Canada downgraded Micron Technology from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $59.00 to $40.00 in a research note on Wednesday, December 19th. Piper Jaffray Companies reduced their price objective on Micron Technology to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, December 19th. Wells Fargo & Co reduced their price objective on Micron Technology from $63.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, December 19th. They noted that the move was a valuation call. BMO Capital Markets downgraded Micron Technology to a “market perform” rating and increased their price target for the stock from $7.64 to $32.00 in a research note on Wednesday, December 19th. Finally, Needham & Company LLC downgraded Micron Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, December 19th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have given a buy rating to the stock. Micron Technology currently has an average rating of “Hold” and a consensus price target of $55.85.

Shares of NASDAQ MU opened at $43.15 on Thursday. Micron Technology, Inc. has a 52 week low of $28.39 and a 52 week high of $64.66. The company has a quick ratio of 1.65, a current ratio of 2.25 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $47.75 billion, a price-to-earnings ratio of 3.65, a P/E/G ratio of 1.05 and a beta of 1.87.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.67 by $0.04. Micron Technology had a return on equity of 40.67% and a net margin of 43.56%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.82 billion. During the same quarter last year, the company earned $2.82 EPS. The firm’s revenue was down 20.6% compared to the same quarter last year. On average, equities analysts forecast that Micron Technology, Inc. will post 6.27 earnings per share for the current fiscal year.

In other Micron Technology news, EVP Scott J. Deboer sold 14,486 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $42.88, for a total value of $621,159.68. Following the sale, the executive vice president now owns 150,236 shares of the company’s stock, valued at approximately $6,442,119.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joel L. Poppen sold 20,210 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $41.45, for a total value of $837,704.50. Following the completion of the sale, the senior vice president now directly owns 269,368 shares in the company, valued at approximately $11,165,303.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,878 shares of company stock worth $2,293,223. Insiders own 0.20% of the company’s stock.

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About Micron Technology

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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