17,022 Shares in Micron Technology, Inc. (MU) Acquired by Syntal Capital Partners LLC

Syntal Capital Partners LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,022 shares of the semiconductor manufacturer’s stock, valued at approximately $1,495,000.

A number of other hedge funds also recently modified their holdings of the stock. Swiss National Bank increased its position in shares of Micron Technology by 1.3% in the third quarter. Swiss National Bank now owns 3,874,503 shares of the semiconductor manufacturer’s stock worth $152,384,000 after acquiring an additional 49,200 shares in the last quarter. LMR Partners LLP increased its position in shares of Micron Technology by 6.9% in the third quarter. LMR Partners LLP now owns 27,653 shares of the semiconductor manufacturer’s stock worth $1,088,000 after acquiring an additional 1,776 shares in the last quarter. AMP Capital Investors Ltd increased its position in shares of Micron Technology by 14.1% in the third quarter. AMP Capital Investors Ltd now owns 801,496 shares of the semiconductor manufacturer’s stock worth $31,521,000 after acquiring an additional 99,231 shares in the last quarter. Sei Investments Co. increased its position in shares of Micron Technology by 5.1% in the third quarter. Sei Investments Co. now owns 1,561,222 shares of the semiconductor manufacturer’s stock worth $61,403,000 after acquiring an additional 76,222 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Micron Technology by 166.8% in the second quarter. Flinton Capital Management LLC now owns 69,488 shares of the semiconductor manufacturer’s stock worth $2,075,000 after acquiring an additional 43,440 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

MU has been the subject of several analyst reports. Wells Fargo & Co restated a “buy” rating and issued a $54.00 target price (up from $45.00) on shares of Micron Technology in a research note on Wednesday, December 20th. Zacks Investment Research downgraded shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. BidaskClub upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Vetr upgraded shares of Micron Technology from a “hold” rating to a “buy” rating and set a $42.77 target price for the company in a research note on Wednesday, October 25th. Finally, Cowen set a $50.00 target price on shares of Micron Technology and gave the company a “buy” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $55.33.

Micron Technology, Inc. (NASDAQ MU) traded down $0.27 during trading on Thursday, hitting $43.99. 25,080,000 shares of the stock were exchanged, compared to its average volume of 43,160,000. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.83 and a current ratio of 2.39. Micron Technology, Inc. has a one year low of $21.49 and a one year high of $49.89. The company has a market cap of $50,870.00, a P/E ratio of 6.93, a P/E/G ratio of 0.44 and a beta of 1.75.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.60. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter last year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 71.4% compared to the same quarter last year. equities analysts expect that Micron Technology, Inc. will post 9.78 EPS for the current year.

In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $44.55, for a total transaction of $133,650.00. Following the transaction, the director now owns 117,299 shares of the company’s stock, valued at approximately $5,225,670.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott J. Deboer sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the transaction, the executive vice president now directly owns 122,667 shares in the company, valued at approximately $5,152,014. The disclosure for this sale can be found here. In the last three months, insiders have sold 188,720 shares of company stock worth $8,046,240. 0.53% of the stock is owned by corporate insiders.

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About Micron Technology

Micron Technology, Inc is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.

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

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