Northpointe Capital LLC boosted its position in Micron Technology, Inc. (NASDAQ:MU) by 38.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,203 shares of the semiconductor manufacturer’s stock after buying an additional 36,987 shares during the period. Northpointe Capital LLC’s holdings in Micron Technology were worth $3,977,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Wynnefield Capital Inc. purchased a new position in Micron Technology during the first quarter worth about $13,519,000. Guardian Life Insurance Co. of America boosted its position in Micron Technology by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock worth $116,000 after buying an additional 13 shares during the last quarter. First Personal Financial Services boosted its position in Micron Technology by 96.8% in the first quarter. First Personal Financial Services now owns 4,234 shares of the semiconductor manufacturer’s stock worth $122,000 after buying an additional 2,083 shares during the last quarter. Washington Trust Bank boosted its position in Micron Technology by 1.5% in the first quarter. Washington Trust Bank now owns 4,355 shares of the semiconductor manufacturer’s stock worth $126,000 after buying an additional 63 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in Micron Technology during the second quarter worth about $141,000. Hedge funds and other institutional investors own 80.36% of the company’s stock.

Micron Technology, Inc. (NASDAQ MU) opened at 30.69 on Thursday. Micron Technology, Inc. has a 1-year low of $15.38 and a 1-year high of $32.96. The stock has a market capitalization of $34.07 billion, a P/E ratio of 13.48 and a beta of 1.76. The stock has a 50 day moving average price of $30.06 and a 200-day moving average price of $28.14.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Thursday, June 29th. The semiconductor manufacturer reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.25. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.41 billion. Micron Technology had a net margin of 14.66% and a return on equity of 19.05%. The business’s quarterly revenue was up 92.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) earnings per share. Equities research analysts expect that Micron Technology, Inc. will post $4.71 EPS for the current year.

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A number of research firms have recently issued reports on MU. UBS AG reiterated an “average” rating and issued a $36.00 price objective (up from $32.00) on shares of Micron Technology in a report on Friday, June 30th. Mizuho reissued a “buy” rating and issued a $38.00 target price on shares of Micron Technology in a research note on Wednesday. Citigroup Inc. reissued a “buy” rating and issued a $45.00 target price on shares of Micron Technology in a research note on Wednesday, August 2nd. Robert W. Baird reissued an “outperform” rating and issued a $48.00 target price (up previously from $40.00) on shares of Micron Technology in a research note on Friday, June 30th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Micron Technology in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.65.

In other Micron Technology news, VP April S. Arnzen sold 1,000 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $30.75, for a total value of $30,750.00. Following the sale, the vice president now directly owns 52,542 shares of the company’s stock, valued at $1,615,666.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brian Shirley sold 27,250 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $31.54, for a total transaction of $859,465.00. Following the completion of the sale, the senior vice president now directly owns 292,211 shares in the company, valued at $9,216,334.94. The disclosure for this sale can be found here. Insiders have sold 46,250 shares of company stock worth $1,442,015 over the last three months. Corporate insiders own 0.69% of the company’s stock.

About Micron Technology

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

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