Micron Technology, Inc. (MU) Shares Bought by Wellington Shields Capital Management LLC

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Wellington Shields Capital Management LLC boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 180.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 19,900 shares of the semiconductor manufacturer’s stock after buying an additional 12,800 shares during the period. Wellington Shields Capital Management LLC’s holdings in Micron Technology were worth $822,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc increased its holdings in shares of Micron Technology by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 87,876,412 shares of the semiconductor manufacturer’s stock valued at $3,974,651,000 after purchasing an additional 1,176,989 shares during the period. Huntington National Bank increased its holdings in shares of Micron Technology by 141.3% in the 4th quarter. Huntington National Bank now owns 1,643 shares of the semiconductor manufacturer’s stock valued at $52,000 after purchasing an additional 962 shares during the period. GWM Advisors LLC increased its holdings in shares of Micron Technology by 4.5% in the 4th quarter. GWM Advisors LLC now owns 13,266 shares of the semiconductor manufacturer’s stock valued at $421,000 after purchasing an additional 577 shares during the period. CAPROCK Group Inc. increased its holdings in shares of Micron Technology by 6.3% in the 4th quarter. CAPROCK Group Inc. now owns 8,478 shares of the semiconductor manufacturer’s stock valued at $269,000 after purchasing an additional 504 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in shares of Micron Technology by 64.3% in the 4th quarter. D.A. Davidson & CO. now owns 35,242 shares of the semiconductor manufacturer’s stock valued at $1,118,000 after purchasing an additional 13,792 shares during the period. 77.06% of the stock is owned by institutional investors.

In other news, SVP April S. Arnzen sold 21,182 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $39.39, for a total value of $834,358.98. Following the completion of the sale, the senior vice president now directly owns 86,992 shares of the company’s stock, valued at $3,426,614.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott J. Deboer sold 14,486 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $42.88, for a total value of $621,159.68. Following the completion of the sale, the executive vice president now directly owns 150,236 shares of the company’s stock, valued at $6,442,119.68. The disclosure for this sale can be found here. Insiders sold 55,878 shares of company stock valued at $2,293,223 over the last three months. 0.20% of the stock is owned by company insiders.

Shares of MU traded up $0.06 during mid-day trading on Thursday, hitting $33.35. The company’s stock had a trading volume of 894,859 shares, compared to its average volume of 24,915,628. Micron Technology, Inc. has a one year low of $28.39 and a one year high of $64.66. The company has a current ratio of 2.25, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $36.45 billion, a price-to-earnings ratio of 2.83 and a beta of 1.84.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, March 20th. The semiconductor manufacturer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. Micron Technology had a return on equity of 40.67% and a net margin of 43.56%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same period in the prior year, the business earned $2.82 earnings per share. Micron Technology’s revenue for the quarter was down 20.6% compared to the same quarter last year. Equities analysts predict that Micron Technology, Inc. will post 6.27 EPS for the current year.

MU has been the topic of a number of research reports. BidaskClub downgraded Micron Technology from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Summit Insights raised Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, March 21st. Royal Bank of Canada began coverage on Micron Technology in a research note on Thursday, March 28th. They issued an “outperform” rating and a $50.00 price target for the company. Citigroup cut Micron Technology from a “neutral” rating to a “sell” rating and lowered their price target for the company from $35.00 to $30.00 in a research note on Thursday, March 21st. Finally, ValuEngine raised Micron Technology from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $53.89.

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Micron Technology Company Profile

Micron Technology, Inc engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets.

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

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