IFM Investors Pty Ltd raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,737 shares of the semiconductor manufacturer’s stock after buying an additional 13,204 shares during the quarter. IFM Investors Pty Ltd’s holdings in Micron Technology were worth $8,024,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC grew its holdings in shares of Micron Technology by 8.6% during the second quarter. Cubist Systematic Strategies LLC now owns 48,987 shares of the semiconductor manufacturer’s stock worth $2,524,000 after purchasing an additional 3,888 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Micron Technology by 17.2% during the second quarter. Captrust Financial Advisors now owns 24,678 shares of the semiconductor manufacturer’s stock valued at $1,226,000 after purchasing an additional 3,627 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Micron Technology in the second quarter valued at approximately $1,760,000. FormulaFolio Investments LLC raised its position in Micron Technology by 11.6% in the 2nd quarter. FormulaFolio Investments LLC now owns 6,857 shares of the semiconductor manufacturer’s stock worth $353,000 after purchasing an additional 710 shares during the last quarter. Finally, tru Independence LLC lifted its holdings in Micron Technology by 110.4% during the 2nd quarter. tru Independence LLC now owns 5,336 shares of the semiconductor manufacturer’s stock worth $275,000 after buying an additional 2,800 shares in the last quarter. Institutional investors own 71.31% of the company’s stock.

MU stock traded up $0.45 during trading hours on Wednesday, reaching $79.91. 14,990,633 shares of the stock were exchanged, compared to its average volume of 27,424,191. The firm’s 50-day moving average is $71.97 and its 200-day moving average is $55.72. Micron Technology, Inc. has a 12 month low of $31.13 and a 12 month high of $84.16. The company has a market cap of $89.39 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.71 and a quick ratio of 1.86.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, January 6th. The semiconductor manufacturer reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.07. Micron Technology had a return on equity of 7.73% and a net margin of 12.54%. The company had revenue of $5.77 billion during the quarter, compared to analysts’ expectations of $5.66 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. Micron Technology’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities research analysts forecast that Micron Technology, Inc. will post 3.12 earnings per share for the current year.

MU has been the subject of a number of recent research reports. Barclays boosted their target price on Micron Technology from $75.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 8th. Morgan Stanley upped their target price on shares of Micron Technology from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, January 4th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Micron Technology from $100.00 to $113.00 in a research note on Friday, January 8th. Cascend Securities boosted their price target on shares of Micron Technology from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 16th. Finally, Mizuho increased their price objective on shares of Micron Technology from $85.00 to $92.00 and gave the company a “buy” rating in a report on Friday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $84.19.

In other news, SVP Joel L. Poppen sold 30,900 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $56.80, for a total value of $1,755,120.00. Following the completion of the transaction, the senior vice president now owns 335,558 shares in the company, valued at approximately $19,059,694.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Zinsner sold 9,051 shares of Micron Technology stock in a transaction dated Friday, December 18th. The shares were sold at an average price of $72.17, for a total value of $653,210.67. Following the completion of the sale, the chief financial officer now directly owns 129,214 shares in the company, valued at approximately $9,325,374.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,705 shares of company stock valued at $7,658,336. Insiders own 0.30% of the company’s stock.

Micron Technology 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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