GSA Capital Partners LLP Has $3.04 Million Holdings in Micron Technology, Inc. (MU)

GSA Capital Partners LLP trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 31.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,397 shares of the semiconductor manufacturer’s stock after selling 34,987 shares during the quarter. GSA Capital Partners LLP’s holdings in Micron Technology were worth $3,044,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MU. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Micron Technology by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 77,260 shares of the semiconductor manufacturer’s stock valued at $2,307,000 after purchasing an additional 367 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Micron Technology by 4.7% in the 2nd quarter. Parallel Advisors LLC now owns 8,266 shares of the semiconductor manufacturer’s stock valued at $232,000 after purchasing an additional 369 shares during the last quarter. Wesbanco Bank Inc. raised its position in shares of Micron Technology by 5.1% in the 2nd quarter. Wesbanco Bank Inc. now owns 9,278 shares of the semiconductor manufacturer’s stock valued at $277,000 after purchasing an additional 450 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Micron Technology by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 134,094 shares of the semiconductor manufacturer’s stock valued at $4,005,000 after purchasing an additional 469 shares during the last quarter. Finally, Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Micron Technology in the 2nd quarter valued at approximately $500,000. 81.16% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on MU shares. Vetr lowered shares of Micron Technology from a “buy” rating to a “hold” rating and set a $47.81 price objective for the company. in a research report on Friday, November 17th. Morgan Stanley increased their price objective on shares of Micron Technology from $39.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, November 27th. Deutsche Bank reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Micron Technology in a research report on Tuesday, November 7th. J P Morgan Chase & Co increased their price objective on shares of Micron Technology from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Finally, UBS reaffirmed a “buy” rating and issued a $53.00 price objective (up from $39.50) on shares of Micron Technology in a research report on Thursday, October 19th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Micron Technology presently has an average rating of “Buy” and a consensus price target of $48.20.

In other news, EVP Scott J. Deboer sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the sale, the executive vice president now owns 122,667 shares of the company’s stock, valued at approximately $5,152,014. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $39.86, for a total transaction of $119,580.00. Following the sale, the director now directly owns 114,284 shares in the company, valued at approximately $4,555,360.24. The disclosure for this sale can be found here. Insiders have sold a total of 298,088 shares of company stock worth $11,512,538 in the last ninety days. Corporate insiders own 0.53% of the company’s stock.

Shares of Micron Technology, Inc. (MU) opened at $42.05 on Thursday. The company has a market cap of $48,660.00, a P/E ratio of 9.69, a PEG ratio of 0.58 and a beta of 1.75. Micron Technology, Inc. has a one year low of $19.78 and a one year high of $49.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.75 and a current ratio of 2.34.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.18. The business had revenue of $6.14 billion for 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 was up 90.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) EPS. research analysts forecast that Micron Technology, Inc. will post 7.42 earnings per share for the current fiscal year.

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Micron Technology Profile

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

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