Janus Henderson Group PLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,550,571 shares of the semiconductor manufacturer’s stock after selling 165,841 shares during the period. Janus Henderson Group PLC’s holdings in Micron Technology were worth $190,946,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sanders Capital LLC raised its stake in Micron Technology by 256.9% in the fourth quarter. Sanders Capital LLC now owns 18,507,152 shares of the semiconductor manufacturer’s stock worth $1,091,353,000 after buying an additional 13,321,570 shares in the last quarter. Boston Partners raised its stake in Micron Technology by 9,655.1% in the fourth quarter. Boston Partners now owns 7,641,070 shares of the semiconductor manufacturer’s stock worth $411,055,000 after buying an additional 7,562,741 shares in the last quarter. Prudential Financial Inc. raised its stake in Micron Technology by 175.6% in the fourth quarter. Prudential Financial Inc. now owns 4,139,343 shares of the semiconductor manufacturer’s stock worth $222,613,000 after buying an additional 2,637,563 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in Micron Technology by 56.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 6,373,523 shares of the semiconductor manufacturer’s stock worth $342,767,000 after buying an additional 2,289,871 shares in the last quarter. Finally, FIL Ltd raised its stake in Micron Technology by 155.9% in the fourth quarter. FIL Ltd now owns 3,137,913 shares of the semiconductor manufacturer’s stock worth $168,757,000 after buying an additional 1,911,865 shares in the last quarter. 79.22% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on MU shares. Citigroup decreased their price target on shares of Micron Technology from $38.00 to $35.00 and set a “sell” rating for the company in a research note on Thursday. Cascend Securities increased their price target on shares of Micron Technology from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Barclays decreased their price target on shares of Micron Technology from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday. KeyCorp decreased their price target on shares of Micron Technology from $63.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, BidaskClub downgraded shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $61.36.

MU opened at $42.50 on Thursday. The stock has a 50-day moving average price of $50.64 and a 200-day moving average price of $50.13. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.56 and a quick ratio of 1.78. The firm has a market cap of $47.10 billion, a PE ratio of 13.80, a P/E/G ratio of 1.99 and a beta of 1.78. Micron Technology, Inc. has a 1 year low of $31.13 and a 1 year high of $61.19.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, March 25th. The semiconductor manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. The firm had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.69 billion. Micron Technology had a return on equity of 11.36% and a net margin of 17.01%. Micron Technology’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 2.12 EPS for the current year.

In related news, SVP April S. Arnzen sold 4,400 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $54.75, for a total transaction of $240,900.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joel L. Poppen sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $56.97, for a total transaction of $1,139,400.00. Following the completion of the sale, the senior vice president now owns 301,395 shares in the company, valued at approximately $17,170,473.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,800 shares of company stock valued at $1,644,300. 0.18% of the stock is owned by insiders.

Micron Technology Company Profile

Micron Technology, Inc engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets.

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

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