Micron Technology, Inc. (NASDAQ:MU) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. cut its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 31.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,855 shares of the semiconductor manufacturer’s stock after selling 43,520 shares during the quarter. Twin Capital Management Inc.’s holdings in Micron Technology were worth $3,660,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of Micron Technology by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,570,069 shares of the semiconductor manufacturer’s stock worth $430,599,000 after buying an additional 115,976 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Micron Technology by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 14,631,169 shares of the semiconductor manufacturer’s stock worth $463,429,000 after buying an additional 229,817 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of 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 buying an additional 300 shares during the last quarter. First Manhattan Co. boosted its stake in shares of Micron Technology by 22.7% during the 1st quarter. First Manhattan Co. now owns 3,559 shares of the semiconductor manufacturer’s stock worth $147,000 after buying an additional 659 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its stake in shares of Micron Technology by 15.8% during the 1st quarter. Leavell Investment Management Inc. now owns 11,000 shares of the semiconductor manufacturer’s stock worth $455,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 77.42% of the company’s stock.

In related news, EVP Scott J. Deboer sold 20,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $45.00, for a total transaction of $900,000.00. Following the sale, the executive vice president now owns 130,236 shares in the company, valued at approximately $5,860,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP April S. Arnzen sold 4,800 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $45.00, for a total transaction of $216,000.00. Following the sale, the senior vice president now owns 79,392 shares in the company, valued at approximately $3,572,640. The disclosure for this sale can be found here. Insiders have sold a total of 57,244 shares of company stock worth $2,624,899 in the last quarter. 0.20% of the stock is currently owned by company insiders.



Micron Technology stock traded up $1.00 during trading hours on Friday, hitting $43.24. The company had a trading volume of 777,857 shares, compared to its average volume of 29,282,950. The firm has a market cap of $47.93 billion, a PE ratio of 3.66 and a beta of 1.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.79 and a quick ratio of 1.88. Micron Technology, Inc. has a one year low of $28.39 and a one year high of $53.68. The firm has a 50-day moving average of $43.11 and a 200 day moving average of $40.07.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, June 25th. The semiconductor manufacturer reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.30. Micron Technology had a net margin of 37.35% and a return on equity of 30.94%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.70 billion. During the same period last year, the firm earned $3.15 earnings per share. The business’s revenue for the quarter was down 38.6% on a year-over-year basis. As a group, research analysts expect that Micron Technology, Inc. will post 6.06 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. Cfra downgraded shares of Micron Technology to a “sell” rating and set a $32.00 price objective for the company. in a research note on Wednesday, May 22nd. Piper Jaffray Companies reduced their price objective on shares of Micron Technology from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, June 26th. BidaskClub upgraded shares of Micron Technology from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. Mizuho restated a “hold” rating and set a $44.00 price objective on shares of Micron Technology in a research note on Thursday, July 11th. Finally, Morgan Stanley upgraded shares of Micron Technology from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $31.00 to $48.00 in a research note on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $48.27.

Micron Technology Company Profile

Micron Technology, Inc engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets.

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

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