FinTrust Capital Advisors LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,100 shares of the semiconductor manufacturer’s stock, valued at approximately $52,000.

A number of other large investors have also recently added to or reduced their stakes in MU. Morgan Stanley boosted its position in Micron Technology by 43.3% in the first quarter. Morgan Stanley now owns 4,504,010 shares of the semiconductor manufacturer’s stock valued at $189,437,000 after buying an additional 1,361,960 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in Micron Technology by 131.8% in the second quarter. Creative Financial Designs Inc. ADV now owns 2,225 shares of the semiconductor manufacturer’s stock valued at $115,000 after buying an additional 1,265 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Micron Technology by 9.2% in the second quarter. Janney Montgomery Scott LLC now owns 52,793 shares of the semiconductor manufacturer’s stock valued at $2,720,000 after buying an additional 4,426 shares in the last quarter. Hardman Johnston Global Advisors LLC boosted its position in Micron Technology by 17.0% in the second quarter. Hardman Johnston Global Advisors LLC now owns 430,670 shares of the semiconductor manufacturer’s stock valued at $22,188,000 after buying an additional 62,460 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in Micron Technology by 0.5% in the second quarter. Gulf International Bank UK Ltd now owns 272,854 shares of the semiconductor manufacturer’s stock valued at $14,057,000 after buying an additional 1,485 shares in the last quarter. Hedge funds and other institutional investors own 79.66% of the company’s stock.

In related news, EVP Scott J. Deboer sold 27,640 shares of the stock in a transaction on Friday, November 6th. The shares were sold at an average price of $55.00, for a total transaction of $1,520,200.00. Following the completion of the transaction, the executive vice president now owns 198,808 shares in the company, valued at $10,934,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joel L. Poppen sold 30,900 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $56.80, for a total transaction of $1,755,120.00. Following the transaction, the senior vice president now owns 335,558 shares of the company’s stock, valued at approximately $19,059,694.40. The disclosure for this sale can be found here. Insiders have sold 95,208 shares of company stock valued at $5,488,935 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently issued reports on the stock. Cowen reduced their target price on shares of Micron Technology from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. Zacks Investment Research lowered shares of Micron Technology from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research report on Wednesday, August 19th. Piper Sandler reiterated a “neutral” rating and set a $45.00 target price (down from $51.00) on shares of Micron Technology in a research report on Wednesday, September 30th. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 target price on shares of Micron Technology in a research report on Tuesday, September 29th. Finally, Bank of America reduced their target price on shares of Micron Technology from $70.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, August 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $61.71.

Micron Technology stock opened at $61.40 on Friday. The stock has a market capitalization of $68.35 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.27. Micron Technology, Inc. has a twelve month low of $31.13 and a twelve month high of $62.63. The company has a quick ratio of 1.86, a current ratio of 2.71 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $52.73 and a 200-day moving average of $49.41.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 29th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.13. The company had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Micron Technology had a net margin of 12.54% and a return on equity of 7.73%. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. Equities analysts anticipate that Micron Technology, Inc. will post 2.45 EPS for the current fiscal year.

Micron Technology Company Profile

Micron Technology, Inc designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR, and 3D XPoint memory under the Micron and Crucial brands, as well as through private labels.

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

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