Micron Technology, Inc. (NASDAQ:MU) Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,100,021 shares of the semiconductor manufacturer’s stock after buying an additional 35,475 shares during the period. First Trust Advisors LP’s holdings in Micron Technology were worth $92,567,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Micron Technology by 4.9% in the first quarter. Vanguard Group Inc. now owns 86,141,622 shares of the semiconductor manufacturer’s stock valued at $2,489,492,000 after buying an additional 4,004,759 shares during the period. Dimensional Fund Advisors LP increased its stake in Micron Technology by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 14,005,627 shares of the semiconductor manufacturer’s stock valued at $404,753,000 after buying an additional 117,152 shares during the period. Geode Capital Management LLC increased its stake in Micron Technology by 11.4% in the first quarter. Geode Capital Management LLC now owns 11,008,178 shares of the semiconductor manufacturer’s stock valued at $317,719,000 after buying an additional 1,128,565 shares during the period. Amerigo Asset Management increased its stake in Micron Technology by 11.9% in the second quarter. Amerigo Asset Management now owns 8,077,460 shares of the semiconductor manufacturer’s stock valued at $241,193,000 after buying an additional 860,000 shares during the period. Finally, AQR Capital Management LLC increased its stake in Micron Technology by 64.4% in the first quarter. AQR Capital Management LLC now owns 5,823,890 shares of the semiconductor manufacturer’s stock valued at $168,310,000 after buying an additional 2,281,331 shares during the period. 80.44% of the stock is owned by hedge funds and other institutional investors.

Micron Technology, Inc. (MU) opened at 27.49 on Friday. The company has a market cap of $30.51 billion, a price-to-earnings ratio of 12.07 and a beta of 1.76. The stock has a 50 day moving average of $30.35 and a 200-day moving average of $27.93. Micron Technology, Inc. has a one year low of $14.43 and a one year high of $32.96.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Thursday, June 29th. The semiconductor manufacturer reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.25. Micron Technology had a net margin of 14.66% and a return on equity of 19.05%. The company had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Micron Technology’s quarterly revenue was up 92.2% on a year-over-year basis. On average, equities analysts predict that Micron Technology, Inc. will post $4.71 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/2801043/micron-technology-inc-nasdaqmu-shares-bought-by-first-trust-advisors-lp.html.

MU has been the subject of several research analyst reports. Mizuho reaffirmed a “buy” rating and issued a $35.00 price target on shares of Micron Technology in a research note on Friday, June 16th. Citigroup Inc. reaffirmed a “buy” rating and issued a $45.00 price target on shares of Micron Technology in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) downgraded shares of Micron Technology from a “buy” rating to a “neutral” rating in a research note on Monday, May 15th. BidaskClub downgraded shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $40.00 price target on shares of Micron Technology in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $35.65.

In related news, VP April S. Arnzen sold 1,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $30.75, for a total value of $30,750.00. Following the sale, the vice president now owns 52,542 shares in the company, valued at $1,615,666.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $29.35, for a total transaction of $88,050.00. Following the completion of the sale, the director now owns 124,384 shares in the company, valued at approximately $3,650,670.40. The disclosure for this sale can be found here. Insiders sold 46,250 shares of company stock worth $1,442,015 in the last 90 days. 0.69% of the stock is currently owned by company insiders.

About Micron Technology

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.