Buffington Mohr McNeal increased its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 23.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,248 shares of the semiconductor manufacturer’s stock after buying an additional 11,625 shares during the period. Buffington Mohr McNeal’s holdings in Micron Technology were worth $1,859,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale raised its position in shares of Micron Technology by 83.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 412,407 shares of the semiconductor manufacturer’s stock worth $12,040,000 after buying an additional 188,133 shares during the period. Janus Capital Management LLC raised its position in shares of Micron Technology by 232.4% in the first quarter. Janus Capital Management LLC now owns 5,573,883 shares of the semiconductor manufacturer’s stock worth $161,085,000 after buying an additional 3,896,978 shares during the period. Grassi Investment Management acquired a new position in shares of Micron Technology during the second quarter worth about $427,000. CIBC World Markets Inc. raised its position in shares of Micron Technology by 2,661.9% in the first quarter. CIBC World Markets Inc. now owns 2,687,100 shares of the semiconductor manufacturer’s stock worth $77,657,000 after buying an additional 2,589,807 shares during the last quarter. Finally, DnB Asset Management AS raised its position in shares of Micron Technology by 63.9% in the second quarter. DnB Asset Management AS now owns 2,228,162 shares of the semiconductor manufacturer’s stock worth $66,533,000 after buying an additional 868,787 shares during the last quarter. Institutional investors and hedge funds own 80.44% of the company’s stock.

Micron Technology, Inc. (NASDAQ MU) opened at 28.59 on Tuesday. Micron Technology, Inc. has a 52-week low of $13.27 and a 52-week high of $32.96. The company’s 50 day moving average is $30.90 and its 200-day moving average is $27.73. The company has a market capitalization of $31.73 billion, a price-to-earnings ratio of 12.56 and a beta of 1.76.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Thursday, June 29th. The semiconductor manufacturer reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.25. Micron Technology had a net margin of 14.66% and a return on equity of 19.05%. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the prior year, the firm posted ($0.08) EPS. Micron Technology’s revenue for the quarter was up 92.2% on a year-over-year basis. Equities analysts anticipate that Micron Technology, Inc. will post $4.71 EPS for the current fiscal year.

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A number of research analysts have issued reports on the stock. UBS AG restated a “buy” rating and set a $32.00 target price on shares of Micron Technology in a research report on Tuesday, April 11th. Standpoint Research lowered shares of Micron Technology from a “buy” rating to a “reduce” rating in a research report on Wednesday, May 24th. Macquarie restated an “outperform” rating and set a $35.00 target price on shares of Micron Technology in a research report on Wednesday, June 14th. BidaskClub lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, ValuEngine lowered shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $35.65.

In related news, Director Robert L. Bailey sold 3,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $28.47, for a total transaction of $85,410.00. Following the sale, the director now directly owns 120,284 shares of the company’s stock, valued at approximately $3,424,485.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP April S. Arnzen sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $30.75, for a total transaction of $30,750.00. Following the sale, the vice president now directly owns 52,542 shares in the company, valued at approximately $1,615,666.50. The disclosure for this sale can be found here. Insiders have sold a total of 46,250 shares of company stock worth $1,442,015 over the last three months. 0.69% of the stock is currently owned by insiders.

Micron Technology Company Profile

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

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