Janus Henderson Group PLC decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,550,571 shares of the semiconductor manufacturer’s stock after selling 165,841 shares during the period. Janus Henderson Group PLC owned about 0.32% of Micron Technology worth $190,946,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in MU. Stonebridge Financial Planning Group LLC acquired a new stake in Micron Technology in the 4th quarter worth about $34,000. Islay Capital Management LLC acquired a new stake in shares of Micron Technology in the fourth quarter valued at approximately $35,000. Princeton Global Asset Management LLC raised its position in shares of Micron Technology by 408.5% in the fourth quarter. Princeton Global Asset Management LLC now owns 661 shares of the semiconductor manufacturer’s stock valued at $36,000 after buying an additional 531 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Micron Technology by 75.0% in the fourth quarter. AlphaMark Advisors LLC now owns 700 shares of the semiconductor manufacturer’s stock valued at $38,000 after buying an additional 300 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its stake in shares of Micron Technology by 317.5% in the fourth quarter. TCI Wealth Advisors Inc. now owns 739 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 562 shares during the period. Hedge funds and other institutional investors own 79.22% of the company’s stock.
In other Micron Technology news, SVP April S. Arnzen sold 4,400 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $54.75, for a total transaction of $240,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joel L. Poppen sold 20,000 shares of Micron Technology stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $56.97, for a total value of $1,139,400.00. Following the completion of the transaction, the senior vice president now directly owns 301,395 shares of the company’s stock, valued at $17,170,473.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,800 shares of company stock worth $1,644,300. 0.18% of the stock is owned by company insiders.
Shares of NASDAQ:MU opened at $42.50 on Thursday. The firm has a market cap of $47.10 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.78. The firm’s fifty day moving average is $50.64 and its 200-day moving average is $50.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.56. Micron Technology, Inc. has a 52 week low of $31.13 and a 52 week high of $61.19.
Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, March 25th. The semiconductor manufacturer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.69 billion. Micron Technology had a net margin of 17.01% and a return on equity of 11.36%. Micron Technology’s revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.71 earnings per share. Sell-side analysts forecast that Micron Technology, Inc. will post 2.12 EPS for the current year.
A number of brokerages have issued reports on MU. Needham & Company LLC reduced their price objective on shares of Micron Technology from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday. Bank of America raised shares of Micron Technology from an “underperform” rating to a “buy” rating in a report on Thursday. Nomura upped their price target on shares of Micron Technology from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. ValuEngine lowered shares of Micron Technology from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 24th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $60.00 price objective on shares of Micron Technology in a research note on Thursday, December 19th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $61.36.
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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