Sicart Associates LLC held its stake in Micron Technology, Inc. (NASDAQ:MU) during the second quarter, according to its most recent filing with the SEC. The fund owned 45,000 shares of the semiconductor manufacturer’s stock at the end of the second quarter. Micron Technology accounts for approximately 1.0% of Sicart Associates LLC’s portfolio, making the stock its 27th largest position. Sicart Associates LLC’s holdings in Micron Technology were worth $1,344,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. 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 valued at $12,040,000 after buying an additional 188,133 shares in the last quarter. 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 valued at $161,085,000 after buying an additional 3,896,978 shares in the last quarter. Eidelman Virant Capital raised its position in shares of Micron Technology by 22.0% in the second quarter. Eidelman Virant Capital now owns 127,400 shares of the semiconductor manufacturer’s stock valued at $3,804,000 after buying an additional 23,000 shares in the last quarter. Quantitative Systematic Strategies LLC raised its position in shares of Micron Technology by 0.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 67,006 shares of the semiconductor manufacturer’s stock valued at $2,106,000 after buying an additional 475 shares in the last quarter. Finally, Grassi Investment Management bought a new position in shares of Micron Technology during the second quarter valued at about $427,000. Institutional investors own 80.36% of the company’s stock.

Shares of Micron Technology, Inc. (MU) opened at 30.38 on Monday. The company has a market capitalization of $33.72 billion, a price-to-earnings ratio of 13.34 and a beta of 1.76. Micron Technology, Inc. has a 12 month low of $15.38 and a 12 month high of $32.96. The firm’s 50-day moving average is $29.95 and its 200 day moving average is $28.20.

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

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MU has been the topic of several research analyst reports. Mizuho reissued a “buy” rating and set a $35.00 target price on shares of Micron Technology in a research note on Tuesday, April 25th. Robert W. Baird reissued an “outperform” rating and set a $40.00 target price on shares of Micron Technology in a research note on Monday, May 1st. Goldman Sachs Group, Inc. (The) lowered shares of Micron Technology from a “buy” rating to a “neutral” rating and cut their target price for the stock from $32.00 to $30.00 in a research note on Monday, May 8th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $35.00 target price on shares of Micron Technology in a research note on Friday, May 12th. Finally, Zacks Investment Research lowered shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Micron Technology has a consensus 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 stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $30.75, for a total transaction of $30,750.00. Following the completion of the sale, the vice president now directly owns 52,542 shares of the company’s stock, valued at approximately $1,615,666.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence N. Mondry sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $30.62, for a total transaction of $765,500.00. Following the sale, the director now directly owns 177,367 shares of the company’s stock, valued at $5,430,977.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,250 shares of company stock valued at $2,207,515. Insiders own 0.69% of the company’s stock.

About Micron Technology

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

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