Laurel Wealth Advisors Inc. acquired a new position in Micron Technology, Inc. (NASDAQ:MU) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,899 shares of the semiconductor manufacturer’s stock, valued at approximately $232,000.

A number of other institutional investors have also recently bought and sold shares of MU. HL Financial Services LLC raised its position in Micron Technology by 85.3% in the 2nd quarter. HL Financial Services LLC now owns 19,549 shares of the semiconductor manufacturer’s stock worth $584,000 after purchasing an additional 9,000 shares during the period. Wetherby Asset Management Inc. grew its stake in Micron Technology by 1.0% in the 2nd quarter. Wetherby Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock worth $457,000 after acquiring an additional 154 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Micron Technology by 1.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,473,699 shares of the semiconductor manufacturer’s stock worth $103,725,000 after acquiring an additional 54,056 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Micron Technology by 8.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 446,703 shares of the semiconductor manufacturer’s stock worth $13,922,000 after acquiring an additional 34,296 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in Micron Technology by 55.8% in the 2nd quarter. Sigma Planning Corp now owns 24,562 shares of the semiconductor manufacturer’s stock worth $733,000 after acquiring an additional 8,801 shares in the last quarter. 81.16% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the stock. Vetr downgraded shares of Micron Technology from a “buy” rating to a “hold” rating and set a $47.81 target price on the stock. in a research note on Friday, November 17th. Deutsche Bank restated a “buy” rating and issued a $42.00 target price (up from $37.00) on shares of Micron Technology in a research note on Wednesday, September 20th. Needham & Company LLC restated a “buy” rating on shares of Micron Technology in a research note on Wednesday, September 27th. Morgan Stanley restated an “overweight” rating and issued a $36.00 target price on shares of Micron Technology in a research note on Monday, August 14th. Finally, J P Morgan Chase & Co increased their price objective on shares of Micron Technology from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $48.20.

In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $41.38, for a total value of $124,140.00. Following the completion of the transaction, the director now owns 116,699 shares of the company’s stock, valued at $4,829,004.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $38.10, for a total transaction of $4,531,766.40. Following the completion of the transaction, the senior vice president now directly owns 289,940 shares of the company’s stock, valued at approximately $11,046,714. The disclosure for this sale can be found here. In the last ninety days, insiders sold 308,088 shares of company stock valued at $11,852,538. Corporate insiders own 0.69% of the company’s stock.

Shares of Micron Technology, Inc. (NASDAQ:MU) opened at $43.21 on Monday. The firm has a market cap of $49,830.00, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 0.58 and a beta of 1.75. Micron Technology, Inc. has a one year low of $19.49 and a one year high of $49.89. 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 (NASDAQ:MU) last announced its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.18. The company had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.97 billion. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. Micron Technology’s revenue was up 90.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. equities research analysts anticipate that Micron Technology, Inc. will post 7.42 EPS for the current year.

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About Micron Technology

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

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