Micron Technology, Inc. (MU) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,561,222 shares of the semiconductor manufacturer’s stock after buying an additional 76,222 shares during the quarter. Sei Investments Co. owned approximately 0.14% of Micron Technology worth $61,403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Wetherby Asset Management Inc. grew its stake in Micron Technology by 1.0% during the second quarter. Wetherby Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock worth $457,000 after buying an additional 154 shares during the last quarter. Honkamp Krueger Financial Services Inc. grew its stake in Micron Technology by 0.4% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 52,116 shares of the semiconductor manufacturer’s stock worth $1,556,000 after buying an additional 221 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Micron Technology by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 77,260 shares of the semiconductor manufacturer’s stock worth $2,307,000 after buying an additional 367 shares during the last quarter. Parallel Advisors LLC grew its stake in Micron Technology by 4.7% during the second quarter. Parallel Advisors LLC now owns 8,266 shares of the semiconductor manufacturer’s stock worth $232,000 after buying an additional 369 shares during the last quarter. Finally, Advisor Partners LLC grew its stake in shares of Micron Technology by 1.5% during the second quarter. Advisor Partners LLC now owns 24,638 shares of the semiconductor manufacturer’s stock valued at $736,000 after purchasing an additional 372 shares during the last quarter. 76.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Micron Technology, Inc. (MU) traded up $0.77 during trading hours on Friday, hitting $44.27. 14,693,171 shares of the stock traded hands, compared to its average volume of 36,280,000. The firm has a market cap of $50,970.00, a PE ratio of 9.93, a PEG ratio of 0.59 and a beta of 1.78. The company has a quick ratio of 1.75, a current ratio of 2.34 and a debt-to-equity ratio of 0.51. Micron Technology, Inc. has a one year low of $16.75 and a one year high of $45.33.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS for the quarter, beating the consensus estimate of $1.84 by $0.18. The company had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The business’s revenue for the quarter was up 90.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) EPS. sell-side analysts forecast that Micron Technology, Inc. will post 7.47 EPS for the current fiscal year.

In other Micron Technology 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 transaction of $765,500.00. Following the sale, the director now directly owns 177,367 shares of the company’s stock, valued at approximately $5,430,977.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joel L. Poppen sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $38.61, for a total transaction of $3,088,800.00. Following the sale, the insider now directly owns 266,966 shares in the company, valued at $10,307,557.26. The disclosure for this sale can be found here. Insiders have sold a total of 333,415 shares of company stock worth $12,602,325 over the last ninety days. 0.69% of the stock is currently owned by insiders.

Several analysts have recently commented on MU shares. UBS AG reissued a “buy” rating and set a $53.00 price target (up from $39.50) on shares of Micron Technology in a research note on Thursday, October 19th. They noted that the move was a valuation call. Citigroup Inc. set a $45.00 price target on shares of Micron Technology and gave the company a “buy” rating in a research note on Wednesday, July 19th. Evercore ISI increased their price target on shares of Micron Technology from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, September 18th. Stifel Nicolaus reissued a “buy” rating and set a $64.00 price target on shares of Micron Technology in a research note on Wednesday, October 11th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Micron Technology in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.96.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://ledgergazette.com/2017/11/10/micron-technology-inc-mu-shares-bought-by-sei-investments-co.html.

Micron Technology Profile

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

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

Leave a Reply