10,000 Shares in Micron Technology (MU) Purchased by Quad Capital Management Advisors LLC

Quad Capital Management Advisors LLC purchased a new position in Micron Technology (NASDAQ:MU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the semiconductor manufacturer’s stock, valued at approximately $411,000.

A number of other hedge funds have also recently modified their holdings of the stock. SevenBridge Financial Group LLC increased its position in Micron Technology by 87.5% during the third quarter. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer’s stock valued at $100,000 after acquiring an additional 1,190 shares during the last quarter. Salem Investment Counselors Inc. increased its position in Micron Technology by 76.0% in the third quarter. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer’s stock worth $115,000 after buying an additional 1,252 shares in the last quarter. Intrust Bank NA increased its position in Micron Technology by 9.0% in the fourth quarter. Intrust Bank NA now owns 15,287 shares of the semiconductor manufacturer’s stock worth $629,000 after buying an additional 1,264 shares in the last quarter. First Republic Investment Management Inc. increased its position in Micron Technology by 12.5% in the third quarter. First Republic Investment Management Inc. now owns 11,960 shares of the semiconductor manufacturer’s stock worth $470,000 after buying an additional 1,329 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Micron Technology by 5.0% during the third quarter. D.A. Davidson & CO. now owns 30,175 shares of the semiconductor manufacturer’s stock worth $1,186,000 after purchasing an additional 1,425 shares in the last quarter. 82.49% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

A number of brokerages recently commented on MU. Cowen increased their price target on Micron Technology from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, March 23rd. KeyCorp raised their price target on Micron Technology from $65.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, March 23rd. Mizuho reissued a “buy” rating and set a $70.00 price target (up from $66.00) on shares of Micron Technology in a research note on Friday, March 23rd. JPMorgan Chase raised their price objective on Micron Technology from $60.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, March 23rd. Finally, Vetr downgraded Micron Technology from a “buy” rating to a “hold” rating and set a $62.05 price objective on the stock. in a report on Thursday, March 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $63.66.

Shares of NASDAQ MU opened at $48.46 on Friday. The firm has a market capitalization of $57,802.69, a PE ratio of 5.80, a P/E/G ratio of 0.46 and a beta of 1.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.06 and a current ratio of 2.58. Micron Technology has a 12-month low of $26.36 and a 12-month high of $63.42.

Micron Technology (NASDAQ:MU) last posted its earnings results on Thursday, March 22nd. The semiconductor manufacturer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.55 by $0.27. The firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.28 billion. Micron Technology had a return on equity of 48.27% and a net margin of 38.68%. Micron Technology’s revenue for the quarter was up 58.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. analysts anticipate that Micron Technology will post 10.85 earnings per share for the current year.

In other news, SVP April S. Arnzen sold 532 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $59.80, for a total transaction of $31,813.60. Following the completion of the transaction, the senior vice president now directly owns 57,437 shares of the company’s stock, valued at approximately $3,434,732.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $43.17, for a total transaction of $129,510.00. Following the transaction, the director now directly owns 109,921 shares of the company’s stock, valued at $4,745,289.57. The disclosure for this sale can be found here. Insiders have sold 61,199 shares of company stock valued at $3,028,117 in the last quarter. Insiders own 0.53% of the company’s stock.

WARNING: “10,000 Shares in Micron Technology (MU) Purchased by Quad Capital Management Advisors LLC” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/04/07/quad-capital-management-advisors-llc-purchases-new-position-in-micron-technology-inc-mu.html.

About Micron Technology

Micron Technology, Inc provides semiconductor systems worldwide. The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; lower power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 DRAM and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as for computer memory upgrades; and hybrid memory cube semiconductor memory devices.

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

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply