Micron Technology, Inc. (MU) Holdings Maintained by Kazazian Asset Management LLC
Kazazian Asset Management LLC continued to hold its position in shares of Micron Technology, Inc. (NASDAQ:MU) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,000 shares of the semiconductor manufacturer’s stock at the end of the second quarter. Micron Technology accounts for about 1.1% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Kazazian Asset Management LLC’s holdings in Micron Technology were worth $747,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC raised its stake in Micron Technology by 166.8% in the second quarter. Flinton Capital Management LLC now owns 69,488 shares of the semiconductor manufacturer’s stock valued at $2,075,000 after buying an additional 43,440 shares during the period. Prudential PLC boosted its stake in shares of Micron Technology by 16.7% during the 2nd quarter. Prudential PLC now owns 327,019 shares of the semiconductor manufacturer’s stock worth $9,765,000 after acquiring an additional 46,789 shares during the period. Credit Capital Investments LLC boosted its stake in shares of Micron Technology by 5.2% during the 2nd quarter. Credit Capital Investments LLC now owns 855,000 shares of the semiconductor manufacturer’s stock worth $25,530,000 after acquiring an additional 42,402 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of Micron Technology by 292.7% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 16,100 shares of the semiconductor manufacturer’s stock worth $481,000 after acquiring an additional 12,000 shares during the period. Finally, Capital Research Global Investors boosted its stake in shares of Micron Technology by 386.6% during the 2nd quarter. Capital Research Global Investors now owns 39,794,346 shares of the semiconductor manufacturer’s stock worth $1,188,259,000 after acquiring an additional 31,616,346 shares during the period. Institutional investors own 79.32% of the company’s stock.
A number of analysts have recently issued reports on MU shares. UBS AG reaffirmed an “average” rating and set a $36.00 target price (up previously from $32.00) on shares of Micron Technology in a report on Friday, June 30th. Needham & Company LLC reiterated a “buy” rating on shares of Micron Technology in a research note on Thursday, June 8th. Stifel Nicolaus reissued a “buy” rating and issued a $47.00 price target on shares of Micron Technology in a report on Tuesday, June 6th. BidaskClub cut shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Mizuho restated a “buy” rating and set a $35.00 price objective on shares of Micron Technology in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $43.08.
In related news, SVP Brian Shirley sold 27,250 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $31.54, for a total value of $859,465.00. Following the sale, the senior vice president now directly owns 292,211 shares of the company’s stock, valued at $9,216,334.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joel L. Poppen sold 80,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $38.61, for a total value of $3,088,800.00. Following the completion of the sale, the insider now directly owns 266,966 shares in the company, valued at $10,307,557.26. The disclosure for this sale can be found here. Insiders sold a total of 311,715 shares of company stock worth $11,360,460 over the last ninety days. Insiders own 0.69% of the company’s stock.
Shares of Micron Technology, Inc. (MU) traded down 2.291% during mid-day trading on Wednesday, reaching $39.445. 20,511,284 shares of the company’s stock were exchanged. The stock has a market cap of $43.78 billion, a PE ratio of 17.323 and a beta of 1.82. The company has a 50 day moving average price of $33.55 and a 200-day moving average price of $30.38. Micron Technology, Inc. has a one year low of $16.17 and a one year high of $40.54.
Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.18. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The company had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same period in the prior year, the business posted ($0.01) EPS. Micron Technology’s quarterly revenue was up 90.8% compared to the same quarter last year. On average, analysts predict that Micron Technology, Inc. will post $7.55 EPS for the current year.
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Micron Technology Company Profile
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