Dupont Capital Management Corp raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 134.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,461 shares of the semiconductor manufacturer’s stock after acquiring an additional 23,776 shares during the period. Dupont Capital Management Corp’s holdings in Micron Technology were worth $1,714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gemmer Asset Management LLC raised its stake in shares of Micron Technology by 49.9% during the first quarter. Gemmer Asset Management LLC now owns 706 shares of the semiconductor manufacturer’s stock valued at $29,000 after acquiring an additional 235 shares during the last quarter. Kings Point Capital Management raised its stake in shares of Micron Technology by 21.8% during the fourth quarter. Kings Point Capital Management now owns 1,575 shares of the semiconductor manufacturer’s stock valued at $50,000 after acquiring an additional 282 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Micron Technology by 73.3% during the first quarter. Valeo Financial Advisors LLC now owns 709 shares of the semiconductor manufacturer’s stock valued at $29,000 after acquiring an additional 300 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Micron Technology by 4.4% during the first quarter. Brighton Jones LLC now owns 7,424 shares of the semiconductor manufacturer’s stock valued at $307,000 after acquiring an additional 316 shares during the last quarter. Finally, Legacy Financial Advisors Inc. raised its stake in shares of Micron Technology by 29.6% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,387 shares of the semiconductor manufacturer’s stock valued at $44,000 after acquiring an additional 317 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

In other news, SVP April S. Arnzen sold 21,182 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $39.39, for a total transaction of $834,358.98. Following the sale, the senior vice president now owns 86,992 shares in the company, valued at $3,426,614.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Joel L. Poppen sold 20,210 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $41.45, for a total transaction of $837,704.50. Following the sale, the senior vice president now owns 269,368 shares in the company, valued at approximately $11,165,303.60. The disclosure for this sale can be found here. Insiders have sold 55,878 shares of company stock valued at $2,293,223 in the last ninety days. Insiders own 0.20% of the company’s stock.

Shares of NASDAQ MU opened at $42.13 on Tuesday. Micron Technology, Inc. has a fifty-two week low of $28.39 and a fifty-two week high of $64.66. The company has a market cap of $47.95 billion, a price-to-earnings ratio of 3.56 and a beta of 1.84. The company has a quick ratio of 1.65, a current ratio of 2.25 and a debt-to-equity ratio of 0.10.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.04. Micron Technology had a net margin of 43.56% and a return on equity of 40.67%. 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 firm earned $2.82 earnings per share. The business’s revenue for the quarter was down 20.6% on a year-over-year basis. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 6.27 EPS for the current year.

A number of equities analysts recently issued reports on MU shares. UBS Group increased their price target on shares of Micron Technology to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Rosenblatt Securities reissued a “buy” rating and issued a $75.00 price target on shares of Micron Technology in a research note on Tuesday, March 19th. Needham & Company LLC reissued a “hold” rating on shares of Micron Technology in a research note on Tuesday, January 8th. Cowen increased their price target on shares of Micron Technology to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Finally, Summit Redstone raised shares of Micron Technology to a “buy” rating in a research note on Thursday, March 21st. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $55.85.

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Micron Technology 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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