Navellier & Associates Inc boosted its position in Micron Technology, Inc. (NASDAQ:MU) by 83.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,780 shares of the semiconductor manufacturer’s stock after buying an additional 154,513 shares during the period. Micron Technology makes up approximately 1.5% of Navellier & Associates Inc’s portfolio, making the stock its 9th biggest position. Navellier & Associates Inc’s holdings in Micron Technology were worth $10,176,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors bought a new stake in Micron Technology in the 2nd quarter valued at about $107,000. Guardian Life Insurance Co. of America increased its position in Micron Technology by 0.3% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock valued at $116,000 after buying an additional 13 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Micron Technology in the 2nd quarter valued at about $141,000. Krilogy Financial LLC increased its position in Micron Technology by 1,087.5% in the 2nd quarter. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer’s stock valued at $142,000 after buying an additional 4,350 shares in the last quarter. Finally, FNY Managed Accounts LLC increased its position in Micron Technology by 478.0% in the 2nd quarter. FNY Managed Accounts LLC now owns 5,000 shares of the semiconductor manufacturer’s stock valued at $149,000 after buying an additional 4,135 shares in the last quarter. 79.29% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Micron Technology, Inc. (MU) Shares Bought by Navellier & Associates Inc” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/10/10/micron-technology-inc-mu-shares-bought-by-navellier-associates-inc.html.
Shares of Micron Technology, Inc. (NASDAQ:MU) traded up 0.212% on Tuesday, hitting $41.047. The stock had a trading volume of 22,969,564 shares. The company has a 50 day moving average price of $34.67 and a 200-day moving average price of $30.78. The stock has a market cap of $45.52 billion, a PE ratio of 9.308 and a beta of 1.82. Micron Technology, Inc. has a 12 month low of $16.17 and a 12 month high of $41.61.
Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.18. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The firm had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $5.97 billion. During the same period in the previous year, the firm posted ($0.01) EPS. The business’s quarterly revenue was up 90.8% on a year-over-year basis. On average, equities research analysts anticipate that Micron Technology, Inc. will post $7.55 earnings per share for the current year.
In related news, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $38.10, for a total transaction of $4,531,766.40. Following the transaction, the senior vice president now directly owns 289,940 shares in the company, valued at approximately $11,046,714. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $39.86, for a total transaction of $119,580.00. Following the transaction, the director now owns 114,284 shares in the company, valued at $4,555,360.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 314,715 shares of company stock worth $11,480,040. Insiders own 0.69% of the company’s stock.
Micron Technology 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).
What are top analysts saying about Micron Technology Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Micron Technology Inc. and related companies.