Global X MANAGEMENT CO LLC lifted its stake in Micron Technology, Inc. (NASDAQ:MU) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,348 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,509 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Micron Technology were worth $564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Captrust Financial Advisors acquired a new position in Micron Technology during the second quarter worth about $107,000. Jacobi Capital Management LLC raised its position in Micron Technology by 368.8% during the third quarter. Jacobi Capital Management LLC now owns 3,305 shares of the semiconductor manufacturer’s stock worth $135,000 after acquiring an additional 2,600 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Micron Technology during the second quarter worth about $141,000. Krilogy Financial LLC raised its position in Micron Technology by 1,087.5% during the second quarter. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer’s stock worth $142,000 after acquiring an additional 4,350 shares during the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in Micron Technology during the second quarter worth about $142,000. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Shares of Micron Technology, Inc. (NASDAQ MU) opened at $46.16 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.34 and a debt-to-equity ratio of 0.51. The stock has a market cap of $53,260.00, a P/E ratio of 10.31, a PEG ratio of 0.62 and a beta of 1.78. Micron Technology, Inc. has a 52-week low of $18.18 and a 52-week high of $46.55.

Micron Technology (NASDAQ:MU) last posted its quarterly 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. The business had revenue of $6.14 billion during the quarter, compared to analyst estimates of $5.97 billion. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The firm’s revenue was up 90.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. research analysts anticipate that Micron Technology, Inc. will post 7.42 EPS for the current fiscal year.

A number of equities analysts have issued reports on the stock. Vetr cut shares of Micron Technology from a “buy” rating to a “hold” rating and set a $47.81 target price for the company. in a research report on Friday. Mizuho restated a “buy” rating and set a $40.00 target price (up previously from $38.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Longbow Research restated a “buy” rating and set a $50.00 target price (up previously from $42.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Cowen and Company restated an “outperform” rating and set a $43.00 target price (up previously from $40.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Finally, Deutsche Bank AG restated a “buy” rating and set a $43.00 target price (up previously from $42.00) on shares of Micron Technology in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Micron Technology has an average rating of “Buy” and a consensus price target of $47.12.

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In related news, EVP Scott J. Deboer sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $34.00, for a total value of $340,000.00. Following the transaction, the executive vice president now owns 140,232 shares in the company, valued at $4,767,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 289,940 shares in the company, valued at approximately $11,046,714. The disclosure for this sale can be found here. Insiders sold 308,415 shares of company stock valued at $11,836,825 over the last three months. 0.69% of the stock is owned by insiders.

About Micron Technology

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

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