Vestor Capital LLC Grows Stock Position in Micron Technology, Inc. (NASDAQ:MU)

Vestor Capital LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 1.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,098 shares of the semiconductor manufacturer’s stock after buying an additional 1,115 shares during the quarter. Vestor Capital LLC’s holdings in Micron Technology were worth $3,014,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Mid Atlantic Financial Management Inc. ADV raised its stake in shares of Micron Technology by 11.4% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 7,269 shares of the semiconductor manufacturer’s stock worth $281,000 after purchasing an additional 742 shares during the last quarter. Enterprise Trust & Investment Co acquired a new stake in Micron Technology during the second quarter worth about $3,307,000. ACG Wealth grew its holdings in Micron Technology by 64.5% during the second quarter. ACG Wealth now owns 12,094 shares of the semiconductor manufacturer’s stock worth $467,000 after acquiring an additional 4,743 shares during the period. Ausdal Financial Partners Inc. grew its holdings in Micron Technology by 5.6% during the second quarter. Ausdal Financial Partners Inc. now owns 13,153 shares of the semiconductor manufacturer’s stock worth $624,000 after acquiring an additional 695 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Micron Technology by 6.8% during the second quarter. Parallel Advisors LLC now owns 4,575 shares of the semiconductor manufacturer’s stock worth $177,000 after acquiring an additional 293 shares during the period. Institutional investors own 77.06% of the company’s stock.

In other news, SVP April S. Arnzen sold 2,400 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $48.44, for a total transaction of $116,256.00. Following the completion of the transaction, the senior vice president now directly owns 76,992 shares of the company’s stock, valued at approximately $3,729,492.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Scott J. Deboer sold 20,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $45.00, for a total value of $900,000.00. Following the transaction, the executive vice president now directly owns 130,236 shares of the company’s stock, valued at $5,860,620. The disclosure for this sale can be found here. Insiders have sold a total of 57,244 shares of company stock valued at $2,624,899 over the last three months. 0.20% of the stock is currently owned by insiders.



MU traded down $1.73 during trading on Friday, hitting $43.05. The company’s stock had a trading volume of 1,486,785 shares, compared to its average volume of 25,989,404. The company has a current ratio of 2.79, a quick ratio of 1.88 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $43.84 and its 200 day simple moving average is $40.23. The firm has a market capitalization of $48.82 billion, a price-to-earnings ratio of 3.65 and a beta of 1.96. Micron Technology, Inc. has a twelve month low of $28.39 and a twelve month high of $53.68.

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

Several research firms recently commented on MU. Royal Bank of Canada set a $55.00 target price on Micron Technology and gave the stock a “buy” rating in a report on Wednesday. KeyCorp dropped their target price on Micron Technology from $48.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, June 26th. ValuEngine raised Micron Technology from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Needham & Company LLC raised Micron Technology from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, June 26th. Finally, Nomura dropped their target price on Micron Technology from $45.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $48.46.

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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