Janus Henderson Group PLC raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 292.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,850,988 shares of the semiconductor manufacturer’s stock after purchasing an additional 8,834,274 shares during the quarter. Janus Henderson Group PLC owned 1.07% of Micron Technology worth $353,885,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MU. Captrust Financial Advisors bought a new stake in shares of Micron Technology during the second quarter valued at approximately $107,000. Guardian Life Insurance Co. of America raised its position in shares of Micron Technology by 0.3% during the first quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock valued at $116,000 after buying an additional 13 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Micron Technology during the second quarter valued at approximately $141,000. FNY Managed Accounts LLC raised its position in shares of Micron Technology by 478.0% during the second quarter. FNY Managed Accounts LLC now owns 5,000 shares of the semiconductor manufacturer’s stock valued at $149,000 after buying an additional 4,135 shares during the last quarter. Finally, D. Scott Neal Inc. bought a new stake in shares of Micron Technology during the second quarter valued at approximately $190,000. 79.32% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology, Inc. (NASDAQ MU) traded down 0.165% on Friday, reaching $39.305. 6,675,768 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $34.08 and a 200 day moving average price of $30.51. The firm has a market cap of $43.59 billion, a PE ratio of 8.913 and a beta of 1.82. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.18. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The business had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same period last year, the company earned ($0.01) EPS. The company’s revenue for the quarter was up 90.8% on a year-over-year basis. On average, equities analysts anticipate that Micron Technology, Inc. will post $7.55 earnings per share for the current year.

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 transaction of $859,465.00. Following the completion of the sale, the senior vice president now directly owns 292,211 shares of the company’s stock, valued at approximately $9,216,334.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $38.10, for a total value of $4,531,766.40. Following the sale, the senior vice president now directly owns 289,940 shares of the company’s stock, valued at $11,046,714. The disclosure for this sale can be found here. Insiders sold a total of 314,715 shares of company stock valued at $11,480,040 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

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Several equities research analysts have recently issued reports on the stock. Instinet reiterated a “buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of Micron Technology in a research report on Monday. BMO Capital Markets assumed coverage on shares of Micron Technology in a research report on Monday. They set a “market perform” rating and a $43.00 price objective on the stock. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $43.00 price objective on shares of Micron Technology in a research report on Saturday, September 30th. Nomura lifted their price objective on shares of Micron Technology from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, September 29th. Finally, MKM Partners reiterated a “buy” rating and set a $52.00 price objective (up previously from $45.00) on shares of Micron Technology in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $44.41.

Micron Technology Profile

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

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