DnB Asset Management AS increased its position in Micron Technology, Inc. (NASDAQ:MU) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,618,222 shares of the semiconductor manufacturer’s stock after acquiring an additional 93,230 shares during the period. Micron Technology makes up about 1.3% of DnB Asset Management AS’s portfolio, making the stock its 18th biggest holding. DnB Asset Management AS’s holdings in Micron Technology were worth $107,661,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. grew its position in Micron Technology by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 21,474 shares of the semiconductor manufacturer’s stock worth $641,000 after purchasing an additional 3,047 shares during the period. Neuberger Berman Group LLC grew its position in Micron Technology by 66.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 20,605 shares of the semiconductor manufacturer’s stock worth $615,000 after purchasing an additional 8,198 shares during the period. LSV Asset Management grew its position in Micron Technology by 41.0% during the 2nd quarter. LSV Asset Management now owns 570,674 shares of the semiconductor manufacturer’s stock worth $17,040,000 after purchasing an additional 166,050 shares during the period. Eaton Vance Management grew its position in Micron Technology by 287.8% during the 2nd quarter. Eaton Vance Management now owns 129,914 shares of the semiconductor manufacturer’s stock worth $3,879,000 after purchasing an additional 96,414 shares during the period. Finally, Aberdeen Asset Management PLC UK grew its position in Micron Technology by 16.8% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 302,815 shares of the semiconductor manufacturer’s stock worth $9,042,000 after purchasing an additional 43,617 shares during the period. Institutional investors own 80.89% of the company’s stock.

A number of equities research analysts have recently commented on MU shares. Zacks Investment Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Morgan Stanley raised their target price on Micron Technology from $39.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, November 27th. Robert W. Baird restated an “outperform” rating and set a $60.00 target price (up from $52.00) on shares of Micron Technology in a research report on Tuesday, November 28th. Vetr upgraded Micron Technology from a “hold” rating to a “buy” rating and set a $50.20 target price on the stock in a research report on Tuesday, November 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Micron Technology in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.33.

Micron Technology, Inc. (MU) opened at $42.08 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 2.39 and a debt-to-equity ratio of 0.33. Micron Technology, Inc. has a 12 month low of $21.49 and a 12 month high of $49.89. The firm has a market cap of $49,690.00, a PE ratio of 6.63, a P/E/G ratio of 0.47 and a beta of 1.75.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.60. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period last year, the company posted $0.32 EPS. The business’s revenue was up 71.4% on a year-over-year basis. equities analysts anticipate that Micron Technology, Inc. will post 9.78 earnings per share for the current fiscal year.

In other news, SVP April S. Arnzen sold 27,878 shares of Micron Technology stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $44.27, for a total transaction of $1,234,159.06. Following the sale, the senior vice president now owns 58,659 shares of the company’s stock, valued at approximately $2,596,833.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $44.55, for a total transaction of $133,650.00. Following the sale, the director now directly owns 117,299 shares in the company, valued at approximately $5,225,670.45. The disclosure for this sale can be found here. Insiders sold a total of 188,720 shares of company stock worth $8,046,240 over the last three months. Corporate insiders own 0.53% of the company’s stock.

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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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