Toronto Dominion Bank Has $30.31 Million Position in Micron Technology, Inc. (MU)

Toronto Dominion Bank increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 12.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 733,553 shares of the semiconductor manufacturer’s stock after purchasing an additional 82,863 shares during the quarter. Toronto Dominion Bank’s holdings in Micron Technology were worth $30,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gemmer Asset Management LLC increased its position in Micron Technology by 49.9% during the 1st quarter. Gemmer Asset Management LLC now owns 706 shares of the semiconductor manufacturer’s stock worth $29,000 after purchasing an additional 235 shares during the period. Kings Point Capital Management increased its position in Micron Technology by 21.8% during the 4th quarter. Kings Point Capital Management now owns 1,575 shares of the semiconductor manufacturer’s stock worth $50,000 after purchasing an additional 282 shares during the period. Valeo Financial Advisors LLC increased its position in Micron Technology by 73.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 709 shares of the semiconductor manufacturer’s stock worth $29,000 after purchasing an additional 300 shares during the period. Brighton Jones LLC increased its position in Micron Technology by 4.4% during the 1st quarter. Brighton Jones LLC now owns 7,424 shares of the semiconductor manufacturer’s stock worth $307,000 after purchasing an additional 316 shares during the period. Finally, Legacy Financial Advisors Inc. increased its position in Micron Technology by 29.6% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,387 shares of the semiconductor manufacturer’s stock worth $44,000 after purchasing an additional 317 shares during the period. 77.56% of the stock is owned by hedge funds and other institutional investors.

In other Micron Technology news, EVP Scott J. Deboer sold 14,486 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $42.88, for a total transaction of $621,159.68. Following the transaction, the executive vice president now owns 150,236 shares of the company’s stock, valued at approximately $6,442,119.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP April S. Arnzen sold 21,182 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $39.39, for a total value of $834,358.98. Following the transaction, the senior vice president now directly owns 86,992 shares in the company, valued at approximately $3,426,614.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,878 shares of company stock worth $2,293,223. Corporate insiders own 0.20% of the company’s stock.



MU has been the topic of a number of research reports. Cowen upped their price target on Micron Technology to $46.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Mizuho lowered their price target on Micron Technology from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, March 15th. BidaskClub upgraded Micron Technology from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Nomura began coverage on Micron Technology in a report on Tuesday, April 16th. They issued a “neutral” rating and a $45.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Micron Technology in a research note on Thursday, March 21st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the stock. Micron Technology has an average rating of “Hold” and an average price target of $55.85.

Shares of Micron Technology stock opened at $38.51 on Wednesday. Micron Technology, Inc. has a fifty-two week low of $28.39 and a fifty-two week high of $64.66. The firm has a market cap of $41.37 billion, a price-to-earnings ratio of 3.26 and a beta of 1.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 2.25.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, March 20th. The semiconductor manufacturer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Micron Technology had a return on equity of 40.67% and a net margin of 43.56%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.82 billion. During the same quarter in the prior year, the company posted $2.82 EPS. The business’s revenue for the quarter was down 20.6% compared to the same quarter last year. Analysts expect that Micron Technology, Inc. will post 6.27 earnings per share for the current fiscal year.

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Micron Technology Profile

Micron Technology, Inc manufactures and sells memory and storage solutions 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 Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels.

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

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