TD Asset Management Inc. increased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,907 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,661 shares during the quarter. TD Asset Management Inc.’s holdings in Micron Technology were worth $14,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in MU. Harbour Capital Advisors LLC raised its holdings in Micron Technology by 1,082.9% in the second quarter. Harbour Capital Advisors LLC now owns 12,243 shares of the semiconductor manufacturer’s stock worth $410,000 after purchasing an additional 11,208 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Micron Technology by 6.7% in the second quarter. Great West Life Assurance Co. Can now owns 894,527 shares of the semiconductor manufacturer’s stock worth $26,679,000 after purchasing an additional 55,984 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Micron Technology by 3.4% in the second quarter. CIBC Asset Management Inc now owns 134,767 shares of the semiconductor manufacturer’s stock worth $4,024,000 after purchasing an additional 4,449 shares in the last quarter. Grove Bank & Trust raised its holdings in Micron Technology by 235.2% in the second quarter. Grove Bank & Trust now owns 18,120 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 12,715 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in Micron Technology by 15.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,500,000 shares of the semiconductor manufacturer’s stock worth $74,650,000 after purchasing an additional 330,000 shares in the last quarter. 81.16% of the stock is owned by institutional investors.

MU has been the subject of a number of research reports. Zacks Investment Research downgraded Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday. 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 price objective for the company in a report on Wednesday, October 25th. Loop Capital restated a “buy” rating and set a $48.00 price target (up from $46.00) on shares of Micron Technology in a report on Wednesday, September 27th. Finally, Rosenblatt Securities restated 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, four have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. Micron Technology has a consensus rating of “Buy” and an average target price of $48.20.

Shares of Micron Technology, Inc. (NASDAQ:MU) opened at $41.99 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.75 and a debt-to-equity ratio of 0.51. Micron Technology, Inc. has a 12-month low of $18.30 and a 12-month high of $49.89. The company has a market capitalization of $48,886.48, a price-to-earnings ratio of 9.55, a P/E/G ratio of 0.57 and a beta of 1.76.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS 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 for the quarter, compared to analysts’ expectations of $5.97 billion. During the same period last year, the firm posted ($0.01) earnings per share. Micron Technology’s revenue was up 90.8% compared to the same quarter last year. research analysts predict that Micron Technology, Inc. will post 7.42 EPS for the current fiscal year.

In other Micron Technology news, 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 transaction, the senior vice president now directly owns 289,940 shares of the company’s stock, valued at $11,046,714. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott J. Deboer sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $34.00, for a total value of $340,000.00. Following the completion of the transaction, the executive vice president now directly owns 140,232 shares in the company, valued at $4,767,888. The disclosure for this sale can be found here. Insiders have sold 305,088 shares of company stock worth $11,728,398 over the last ninety days. 0.69% of the stock is currently owned by insiders.

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Micron Technology Company Profile

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

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