Boston Private Wealth LLC Acquires 326 Shares of Micron Technology, Inc. (NASDAQ:MU)

Boston Private Wealth LLC lifted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 3.9% in the first quarter, Holdings Channel reports. The fund owned 8,613 shares of the semiconductor manufacturer’s stock after purchasing an additional 326 shares during the quarter. Boston Private Wealth LLC’s holdings in Micron Technology were worth $760,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Global Trust Asset Management LLC bought a new stake in Micron Technology in the first quarter worth about $79,000. Nisa Investment Advisors LLC lifted its stake in Micron Technology by 1.3% in the first quarter. Nisa Investment Advisors LLC now owns 401,883 shares of the semiconductor manufacturer’s stock worth $35,450,000 after purchasing an additional 5,029 shares during the last quarter. Virginia Retirement Systems ET AL lifted its stake in Micron Technology by 24.8% in the first quarter. Virginia Retirement Systems ET AL now owns 588,400 shares of the semiconductor manufacturer’s stock worth $51,903,000 after purchasing an additional 116,800 shares during the last quarter. EULAV Asset Management lifted its stake in Micron Technology by 22.2% in the first quarter. EULAV Asset Management now owns 165,085 shares of the semiconductor manufacturer’s stock worth $14,562,000 after purchasing an additional 29,987 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in Micron Technology by 3.3% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 39,240 shares of the semiconductor manufacturer’s stock worth $3,461,000 after purchasing an additional 1,253 shares during the last quarter. 80.41% of the stock is owned by hedge funds and other institutional investors.

MU has been the subject of several analyst reports. Cowen raised their price objective on shares of Micron Technology from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, April 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $150.00 target price on shares of Micron Technology in a research report on Monday, March 29th. JPMorgan Chase & Co. raised their target price on shares of Micron Technology from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, April 1st. Mizuho raised their target price on shares of Micron Technology from $100.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, April 1st. Finally, Susquehanna Bancshares raised their target price on shares of Micron Technology from $145.00 to $150.00 and gave the stock a “positive” rating in a research report on Thursday, April 1st. Five investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Micron Technology has an average rating of “Buy” and an average price target of $107.29.

In related news, EVP Sumit Sadana sold 31,490 shares of the business’s stock in a transaction on Wednesday, May 19th. The shares were sold at an average price of $79.33, for a total transaction of $2,498,101.70. Following the completion of the transaction, the executive vice president now directly owns 125,625 shares in the company, valued at $9,965,831.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joel L. Poppen sold 4,984 shares of the business’s stock in a transaction on Monday, April 12th. The shares were sold at an average price of $95.65, for a total transaction of $476,719.60. Following the transaction, the senior vice president now owns 257,197 shares of the company’s stock, valued at $24,600,893.05. The disclosure for this sale can be found here. Insiders have sold 98,997 shares of company stock valued at $8,454,200 over the last 90 days. 0.30% of the stock is currently owned by insiders.

NASDAQ:MU opened at $79.28 on Friday. Micron Technology, Inc. has a 12 month low of $42.25 and a 12 month high of $96.96. The business’s fifty day moving average is $85.48. The company has a quick ratio of 2.31, a current ratio of 3.18 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $88.91 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.02 and a beta of 1.25.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, March 30th. The semiconductor manufacturer reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.03. Micron Technology had a net margin of 13.60% and a return on equity of 9.81%. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.23 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, research analysts forecast that Micron Technology, Inc. will post 5.27 earnings per share 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.

Featured Story: Put Option Volume

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU).

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

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.