Micron Technology, Inc. (MU) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 16.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,652,878 shares of the semiconductor manufacturer’s stock after purchasing an additional 232,083 shares during the period. Schroder Investment Management Group owned about 0.15% of Micron Technology worth $52,016,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Micron Technology by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 86,141,622 shares of the semiconductor manufacturer’s stock worth $2,489,492,000 after purchasing an additional 4,004,759 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Micron Technology by 232.4% in the 1st quarter. Janus Capital Management LLC now owns 5,573,883 shares of the semiconductor manufacturer’s stock worth $161,085,000 after purchasing an additional 3,896,978 shares during the last quarter. Westpac Banking Corp raised its position in shares of Micron Technology by 790.9% in the 1st quarter. Westpac Banking Corp now owns 3,656,771 shares of the semiconductor manufacturer’s stock worth $113,251,000 after purchasing an additional 3,246,321 shares during the last quarter. CIBC World Markets Inc. raised its position in shares of Micron Technology by 2,661.9% in the 1st quarter. CIBC World Markets Inc. now owns 2,687,100 shares of the semiconductor manufacturer’s stock worth $77,657,000 after purchasing an additional 2,589,807 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Micron Technology by 64.4% in the 1st quarter. AQR Capital Management LLC now owns 5,823,890 shares of the semiconductor manufacturer’s stock worth $168,310,000 after purchasing an additional 2,281,331 shares during the last quarter. Institutional investors and hedge funds own 79.34% of the company’s stock.

A number of equities analysts have weighed in on the company. UBS AG restated an “average” rating and set a $36.00 price target (up from $32.00) on shares of Micron Technology in a research note on Friday, June 30th. Macquarie reiterated an “outperform” rating and set a $35.00 price objective on shares of Micron Technology in a research note on Wednesday, June 14th. Standpoint Research downgraded Micron Technology from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 24th. BidaskClub downgraded Micron Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) upgraded Micron Technology from a “neutral” rating to a “buy” rating and upped their price target for the stock from $33.00 to $40.00 in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $36.27.

In other Micron Technology news, SVP April S. Arnzen sold 1,000 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $30.12, for a total value of $30,120.00. Following the transaction, the senior vice president now owns 51,542 shares of the company’s stock, valued at $1,552,445.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ernest E. Maddock purchased 3,400 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $27.89 per share, for a total transaction of $94,826.00. Following the acquisition, the chief financial officer now directly owns 192,385 shares of the company’s stock, valued at approximately $5,365,617.65. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 73,577 shares of company stock valued at $2,305,192. Insiders own 0.69% of the company’s stock.

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Micron Technology, Inc. (NASDAQ MU) opened at 34.65 on Friday. The company’s 50-day moving average price is $30.63 and its 200 day moving average price is $29.31. The firm has a market capitalization of $38.46 billion, a PE ratio of 15.22 and a beta of 1.75. Micron Technology, Inc. has a 1-year low of $16.17 and a 1-year high of $35.00.

Micron Technology (NASDAQ:MU) last issued its earnings results on Thursday, June 29th. The semiconductor manufacturer reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.25. Micron Technology had a return on equity of 19.05% and a net margin of 14.66%. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the previous year, the firm posted ($0.08) earnings per share. Micron Technology’s quarterly revenue was up 92.2% compared to the same quarter last year. On average, equities analysts anticipate that Micron Technology, Inc. will post $4.72 EPS for the current year.

About Micron Technology

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

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