Nepsis Capital Management Inc. raised its position in shares of Micron Technology Inc. (NASDAQ:MU) by 15.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 453,223 shares of the semiconductor manufacturer’s stock after buying an additional 59,254 shares during the period. Micron Technology comprises approximately 4.4% of Nepsis Capital Management Inc.’s holdings, making the stock its 2nd largest position. Nepsis Capital Management Inc.’s holdings in Micron Technology were worth $8,058,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MU. Wesbanco Bank Inc. raised its stake in shares of Micron Technology by 0.4% in the second quarter. Wesbanco Bank Inc. now owns 15,155 shares of the semiconductor manufacturer’s stock worth $209,000 after buying an additional 59 shares in the last quarter. Evercore Wealth Management LLC raised its stake in shares of Micron Technology by 0.7% in the second quarter. Evercore Wealth Management LLC now owns 10,016 shares of the semiconductor manufacturer’s stock valued at $138,000 after buying an additional 67 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Micron Technology by 0.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 25,927 shares of the semiconductor manufacturer’s stock valued at $357,000 after buying an additional 130 shares during the period. Yellowstone Partners LLC raised its stake in shares of Micron Technology by 1.0% in the second quarter. Yellowstone Partners LLC now owns 14,033 shares of the semiconductor manufacturer’s stock valued at $193,000 after buying an additional 133 shares during the period. Finally, Nwam LLC raised its stake in shares of Micron Technology by 1.0% in the second quarter. Nwam LLC now owns 14,589 shares of the semiconductor manufacturer’s stock valued at $201,000 after buying an additional 150 shares during the period. 85.68% of the stock is currently owned by institutional investors.

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

Shares of Micron Technology Inc. (NASDAQ:MU) traded up 1.62% during midday trading on Monday, hitting $19.49. 22,698,189 shares of the company’s stock were exchanged. Micron Technology Inc. has a 52 week low of $9.31 and a 52 week high of $19.67. The company has a 50-day moving average of $17.38 and a 200-day moving average of $14.70. The firm’s market cap is $20.30 billion.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, October 4th. The semiconductor manufacturer reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.12. Micron Technology had a negative net margin of 2.23% and a positive return on equity of 0.50%. The company earned $3.22 billion during the quarter. During the same period in the prior year, the firm posted $0.37 earnings per share. The company’s revenue was down 10.6% on a year-over-year basis. Equities research analysts expect that Micron Technology Inc. will post $1.17 EPS for the current fiscal year.

Several equities research analysts have recently commented on MU shares. Credit Suisse Group AG reissued an “outperform” rating and set a $20.00 price target on shares of Micron Technology in a research note on Tuesday, July 26th. Vetr lowered Micron Technology from a “strong-buy” rating to a “buy” rating and set a $16.39 price target on the stock. in a research note on Tuesday, July 26th. Mizuho boosted their price target on Micron Technology from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Nomura reissued a “buy” rating and set a $16.00 price target on shares of Micron Technology in a research note on Thursday, August 4th. Finally, Brean Capital boosted their price target on Micron Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $18.42.

In other Micron Technology news, VP Steven L. Thorsen, Jr. sold 63,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $17.58, for a total value of $1,107,540.00. Following the completion of the sale, the vice president now owns 358,690 shares of the company’s stock, valued at $6,305,770.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian Shirley sold 90,014 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $17.84, for a total transaction of $1,605,849.76. Following the completion of the sale, the vice president now directly owns 397,264 shares of the company’s stock, valued at approximately $7,087,189.76. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

About Micron Technology

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