Chartwell Investment Partners LLC raised its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 15.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 173,210 shares of the semiconductor manufacturer’s stock after acquiring an additional 23,300 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Micron Technology were worth $6,812,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Research Global Investors raised 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 purchasing an additional 31,616,346 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Micron Technology by 292.8% during the 2nd quarter. Janus Henderson Group PLC now owns 11,850,988 shares of the semiconductor manufacturer’s stock worth $353,885,000 after purchasing an additional 8,834,274 shares in the last quarter. BT Investment Management Ltd acquired a new stake in shares of Micron Technology during the 2nd quarter worth $95,449,000. Pioneer Investment Management Inc. lifted its position in shares of Micron Technology by 298.4% during the 2nd quarter. Pioneer Investment Management Inc. now owns 2,590,309 shares of the semiconductor manufacturer’s stock worth $77,347,000 after buying an additional 1,940,212 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its position in shares of Micron Technology by 7,981.1% during the 2nd quarter. Marshall Wace North America L.P. now owns 1,781,567 shares of the semiconductor manufacturer’s stock worth $53,447,000 after buying an additional 1,759,521 shares during the last quarter. 76.85% of the stock is owned by institutional investors.

A number of equities analysts have recently issued reports on the company. Citigroup Inc. restated a “buy” rating and set a $45.00 price objective on shares of Micron Technology in a research report on Wednesday, August 2nd. BidaskClub upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Vetr upgraded Micron Technology from a “hold” rating to a “buy” rating and set a $42.77 target price on the stock in a report on Wednesday, October 25th. Loop Capital restated a “buy” rating and issued a $48.00 target price (up previously from $46.00) on shares of Micron Technology in a report on Wednesday, September 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $75.00 price target on shares of Micron Technology in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $47.20.

Shares of Micron Technology, Inc. (MU) traded up $1.76 during trading on Wednesday, reaching $49.40. The company’s stock had a trading volume of 35,756,500 shares, compared to its average volume of 28,923,764. The company has a quick ratio of 1.75, a current ratio of 2.34 and a debt-to-equity ratio of 0.51. Micron Technology, Inc. has a 12-month low of $18.18 and a 12-month high of $49.63. The firm has a market capitalization of $56,970.00, a PE ratio of 10.73, a PEG ratio of 0.64 and a beta of 1.78.

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, beating the Thomson Reuters’ 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 firm had revenue of $6.14 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same period in the previous year, the company posted ($0.01) earnings per share. The business’s revenue was up 90.8% on a year-over-year basis. analysts expect that Micron Technology, Inc. will post 7.42 earnings per share for the current fiscal year.

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In related news, SVP Steven L. Thorsen, Jr. sold 118,944 shares of Micron Technology 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 completion of the transaction, the senior vice president now owns 289,940 shares in the company, valued at $11,046,714. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $44.55, for a total value of $133,650.00. Following the completion of the transaction, the director now owns 117,299 shares of the company’s stock, valued at approximately $5,225,670.45. The disclosure for this sale can be found here. In the last three months, insiders sold 308,415 shares of company stock valued at $11,836,825. 0.69% of the stock is currently owned by corporate insiders.

Micron Technology Company Profile

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

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