Wafra Investment Advisory Group Inc. NY Boosts Stake in Micron Technology, Inc. (MU)

Wafra Investment Advisory Group Inc. NY raised its stake in Micron Technology, Inc. (NASDAQ:MU) by 10.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 466,406 shares of the semiconductor manufacturer’s stock after acquiring an additional 42,549 shares during the quarter. Wafra Investment Advisory Group Inc. NY’s holdings in Micron Technology were worth $13,927,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Janus Capital Management LLC lifted its holdings in shares of Micron Technology by 232.4% in the first quarter. Janus Capital Management LLC now owns 5,573,883 shares of the semiconductor manufacturer’s stock worth $161,085,000 after acquiring an additional 3,896,978 shares during the last quarter. Eidelman Virant Capital increased its stake in shares of Micron Technology by 22.0% in the second quarter. Eidelman Virant Capital now owns 127,400 shares of the semiconductor manufacturer’s stock valued at $3,804,000 after buying an additional 23,000 shares during the period. Schroder Investment Management Group increased its stake in shares of Micron Technology by 16.3% in the second quarter. Schroder Investment Management Group now owns 1,652,878 shares of the semiconductor manufacturer’s stock valued at $52,016,000 after buying an additional 232,083 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Micron Technology by 8.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,928 shares of the semiconductor manufacturer’s stock valued at $1,342,000 after buying an additional 3,317 shares during the period. Finally, Quantitative Systematic Strategies LLC increased its stake in shares of Micron Technology by 0.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 67,006 shares of the semiconductor manufacturer’s stock valued at $2,106,000 after buying an additional 475 shares during the period. 79.29% of the stock is owned by hedge funds and other institutional investors.

In other Micron Technology news, SVP April S. Arnzen sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $28.22, for a total value of $28,220.00. Following the completion of the sale, the senior vice president now owns 50,542 shares in the company, valued at $1,426,295.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert L. Bailey sold 3,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $39.86, for a total value of $119,580.00. Following the completion of the sale, the director now owns 114,284 shares of the company’s stock, valued at approximately $4,555,360.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 314,715 shares of company stock valued at $11,480,040. Company insiders own 0.69% of the company’s stock.

Several research firms have recently issued reports on MU. UBS AG reaffirmed an “average” rating and issued a $36.00 price objective (up previously from $32.00) on shares of Micron Technology in a research note on Friday, June 30th. Cowen and Company reaffirmed an “outperform” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Micron Technology in a research note on Wednesday, September 27th. BMO Capital Markets began coverage on Micron Technology in a research note on Monday, October 2nd. They issued a “market perform” rating and a $43.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $64.00 price objective (up previously from $62.00) on shares of Micron Technology in a research note on Wednesday, September 27th. Finally, Mizuho reaffirmed a “buy” rating and issued a $40.00 price objective (up previously from $38.00) on shares of Micron Technology in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Micron Technology presently has an average rating of “Buy” and an average target price of $44.41.

Micron Technology, Inc. (NASDAQ MU) traded down 0.59% on Tuesday, reaching $40.72. The company’s stock had a trading volume of 20,612,148 shares. The stock has a market cap of $45.16 billion, a P/E ratio of 9.23 and a beta of 1.82. Micron Technology, Inc. has a one year low of $16.17 and a one year high of $41.60. The stock has a 50-day moving average of $34.67 and a 200-day moving average of $30.78.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $5.97 billion. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The business’s quarterly revenue was up 90.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.01) earnings per share. On average, analysts predict that Micron Technology, Inc. will post $7.55 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Wafra Investment Advisory Group Inc. NY Boosts Stake in Micron Technology, Inc. (MU)” was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://www.com-unik.info/2017/10/10/wafra-investment-advisory-group-inc-ny-boosts-stake-in-micron-technology-inc-mu.html.

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)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit