Micron Technology, Inc. (MU) Holdings Lifted by Assetmark Inc.

Assetmark Inc. raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 204,928.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,313 shares of the semiconductor manufacturer’s stock after purchasing an additional 94,267 shares during the quarter. Assetmark Inc.’s holdings in Micron Technology were worth $3,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MU. Capital Research Global Investors grew its stake in shares of Micron Technology by 386.6% during the 2nd quarter. Capital Research Global Investors now owns 39,794,346 shares of the semiconductor manufacturer’s stock worth $1,188,259,000 after acquiring an additional 31,616,346 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Micron Technology by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,080,297 shares of the semiconductor manufacturer’s stock worth $420,639,000 after purchasing an additional 74,670 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Micron Technology by 292.8% during the 2nd quarter. Janus Henderson Group PLC now owns 11,850,988 shares of the semiconductor manufacturer’s stock worth $353,885,000 after purchasing an additional 8,834,274 shares in the last quarter. Amerigo Asset Management lifted its holdings in Micron Technology by 11.9% during the 2nd quarter. Amerigo Asset Management now owns 8,077,460 shares of the semiconductor manufacturer’s stock worth $241,193,000 after purchasing an additional 860,000 shares in the last quarter. Finally, CI Investments Inc. lifted its holdings in Micron Technology by 0.5% during the 3rd quarter. CI Investments Inc. now owns 7,570,300 shares of the semiconductor manufacturer’s stock worth $297,740,000 after purchasing an additional 35,300 shares in the last quarter. Hedge funds and other institutional investors own 76.85% of the company’s stock.

Micron Technology, Inc. (MU) traded down $0.26 during mid-day trading on Thursday, hitting $49.14. The stock had a trading volume of 28,711,800 shares, compared to its average volume of 28,922,857. Micron Technology, Inc. has a 52-week low of $18.18 and a 52-week high of $49.89. The company has a quick ratio of 1.75, a current ratio of 2.34 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $56,970.80, a PE ratio of 11.13, a P/E/G ratio of 0.67 and a beta of 1.78.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.18. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The firm had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The company’s revenue was up 90.8% on a year-over-year basis. analysts expect that Micron Technology, Inc. will post 7.42 EPS for the current year.

Several analysts have weighed in on the company. BidaskClub raised Micron Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Mizuho reiterated a “buy” rating and set a $38.00 price objective on shares of Micron Technology in a research report on Wednesday, August 16th. Citigroup Inc. reiterated a “buy” rating and set a $45.00 price objective on shares of Micron Technology in a research report on Monday, August 14th. Cowen and Company reiterated a “buy” rating on shares of Micron Technology in a research report on Thursday, August 10th. Finally, J P Morgan Chase & Co reiterated a “buy” rating on shares of Micron Technology in a research report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $47.20.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/11/23/micron-technology-inc-mu-holdings-lifted-by-assetmark-inc.html.

In other Micron Technology news, EVP Scott J. Deboer sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $34.00, for a total transaction of $340,000.00. Following the completion of the sale, the executive vice president now owns 140,232 shares of the company’s stock, valued at $4,767,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $44.55, for a total value of $133,650.00. Following the sale, the director now directly owns 117,299 shares of the company’s stock, valued at approximately $5,225,670.45. The disclosure for this sale can be found here. Insiders sold 308,415 shares of company stock valued at $11,836,825 in the last 90 days. Company insiders own 0.69% of the company’s stock.

Micron Technology Company Profile

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU).

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