DSAM Partners London Ltd Raises Holdings in Micron Technology, Inc. (MU)

DSAM Partners London Ltd raised its position in Micron Technology, Inc. (NASDAQ:MU) by 10.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 590,198 shares of the semiconductor manufacturer’s stock after acquiring an additional 57,955 shares during the period. Micron Technology comprises 3.2% of DSAM Partners London Ltd’s portfolio, making the stock its 14th biggest position. DSAM Partners London Ltd owned about 0.05% of Micron Technology worth $23,212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in shares of Micron Technology during the 2nd quarter worth approximately $107,000. Shine Investment Advisory Services Inc. acquired a new position in shares of Micron Technology during the 2nd quarter worth approximately $141,000. Krilogy Financial LLC increased its holdings in shares of Micron Technology by 1,087.5% during the 2nd quarter. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer’s stock worth $142,000 after acquiring an additional 4,350 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new position in shares of Micron Technology during the 2nd quarter worth approximately $142,000. Finally, FNY Managed Accounts LLC increased its holdings in shares of Micron Technology by 478.0% during the 2nd quarter. FNY Managed Accounts LLC now owns 5,000 shares of the semiconductor manufacturer’s stock worth $149,000 after acquiring an additional 4,135 shares during the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.

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A number of research analysts have commented on MU shares. Cowen and Company reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Micron Technology in a report on Wednesday, November 1st. J P Morgan Chase & Co increased their target price on Micron Technology from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday. Deutsche Bank AG restated a “buy” rating and set a $50.00 price objective on shares of Micron Technology in a research report on Tuesday, November 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $64.00 target price on shares of Micron Technology in a research report on Wednesday, October 11th. Finally, Nomura restated a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Micron Technology in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Micron Technology has an average rating of “Buy” and an average target price of $46.96.

Micron Technology, Inc. (NASDAQ:MU) traded up $1.28 during mid-day trading on Friday, reaching $44.78. 33,840,700 shares of the company were exchanged, compared to its average volume of 33,863,948. The stock has a market capitalization of $51,642.76, a P/E ratio of 10.09, a P/E/G ratio of 0.60 and a beta of 1.78. Micron Technology, Inc. has a 52-week low of $16.90 and a 52-week high of $45.33. The company has a current ratio of 2.34, a quick ratio of 1.75 and a debt-to-equity ratio of 0.51.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.18. The firm had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $5.97 billion. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The firm’s revenue was up 90.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. analysts predict that Micron Technology, Inc. will post 7.42 earnings per share for the current year.

In other news, Director Lawrence N. Mondry sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $30.62, for a total value of $765,500.00. Following the completion of the transaction, the director now owns 177,367 shares of the company’s stock, valued at $5,430,977.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $44.55, for a total transaction of $133,650.00. Following the completion of the sale, the director now owns 117,299 shares of the company’s stock, valued at $5,225,670.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 333,415 shares of company stock valued at $12,602,325. 0.69% of the stock is currently owned by company insiders.

About Micron Technology

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

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