Daiwa Securities Group Inc. boosted its position in Micron Technology, Inc. (NASDAQ:MU) by 93.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,150 shares of the semiconductor manufacturer’s stock after buying an additional 89,305 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Micron Technology were worth $7,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MU. 1st Global Advisors Inc. lifted its position in Micron Technology by 24.7% in the second quarter. 1st Global Advisors Inc. now owns 38,102 shares of the semiconductor manufacturer’s stock valued at $1,138,000 after purchasing an additional 7,539 shares during the last quarter. Colony Group LLC bought a new stake in Micron Technology in the second quarter valued at approximately $293,000. Public Employees Retirement System of Ohio lifted its position in Micron Technology by 55.4% in the second quarter. Public Employees Retirement System of Ohio now owns 709,061 shares of the semiconductor manufacturer’s stock valued at $21,173,000 after purchasing an additional 252,883 shares during the last quarter. Millie Capital Management LLC lifted its position in Micron Technology by 1.6% in the second quarter. Millie Capital Management LLC now owns 82,309 shares of the semiconductor manufacturer’s stock valued at $2,458,000 after purchasing an additional 1,310 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Micron Technology in the second quarter valued at approximately $6,059,000. 81.05% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on MU shares. Robert W. Baird reiterated an “outperform” rating and issued a $60.00 price objective (up previously from $52.00) on shares of Micron Technology in a research report on Tuesday, November 28th. BidaskClub downgraded Micron Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Vetr upgraded Micron Technology from a “hold” rating to a “buy” rating and set a $47.30 price objective for the company in a research report on Wednesday, November 15th. JPMorgan Chase & Co. boosted their price objective on Micron Technology to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research downgraded Micron Technology from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Micron Technology has an average rating of “Buy” and an average price target of $55.80.

In related news, SVP April S. Arnzen sold 27,878 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $44.27, for a total value of $1,234,159.06. Following the sale, the senior vice president now directly owns 58,659 shares of the company’s stock, valued at $2,596,833.93. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $41.38, for a total value of $124,140.00. Following the completion of the sale, the director now directly owns 116,699 shares in the company, valued at $4,829,004.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 173,470 shares of company stock worth $7,420,480. 0.53% of the stock is owned by insiders.

Shares of Micron Technology, Inc. (NASDAQ:MU) opened at $40.41 on Friday. The firm has a market capitalization of $46,730.00, a price-to-earnings ratio of 6.36, a P/E/G ratio of 0.40 and a beta of 1.62. Micron Technology, Inc. has a 12 month low of $22.64 and a 12 month high of $49.89. 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 (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.60. The company had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Micron Technology had a return on equity of 41.87% and a net margin of 32.77%. The firm’s revenue for the quarter was up 71.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 earnings per share. analysts predict that Micron Technology, Inc. will post 10.12 EPS for the current year.

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About Micron Technology

Micron Technology, Inc is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.

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

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