Boothbay Fund Management LLC Has $5.18 Million Stake in Micron Technology, Inc. (MU)

Boothbay Fund Management LLC lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 109.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,585 shares of the semiconductor manufacturer’s stock after purchasing an additional 68,896 shares during the period. Micron Technology accounts for 0.9% of Boothbay Fund Management LLC’s holdings, making the stock its 18th biggest position. Boothbay Fund Management LLC’s holdings in Micron Technology were worth $5,175,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Micron Technology during the 2nd quarter worth approximately $500,000. IHT Wealth Management LLC bought a new stake in Micron Technology in the 2nd quarter valued at $1,056,000. SevenBridge Financial Group LLC raised its stake in Micron Technology by 87.5% in the 3rd quarter. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer’s stock valued at $100,000 after acquiring an additional 1,190 shares during the period. Jacobi Capital Management LLC raised its stake in Micron Technology by 368.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 3,305 shares of the semiconductor manufacturer’s stock valued at $135,000 after acquiring an additional 2,600 shares during the period. Finally, Captrust Financial Advisors bought a new stake in Micron Technology in the 2nd quarter valued at $107,000. Institutional investors own 81.16% of the company’s stock.

A number of research firms recently weighed in on MU. Zacks Investment Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Morgan Stanley increased their price target on Micron Technology from $39.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, November 27th. Robert W. Baird restated an “outperform” rating and issued a $60.00 price target (up previously from $52.00) on shares of Micron Technology in a research note on Tuesday, November 28th. Vetr upgraded Micron Technology from a “hold” rating to a “buy” rating and set a $50.20 price target on the stock in a research note on Tuesday, November 21st. Finally, Cowen restated a “buy” rating and issued a $50.00 price target on shares of Micron Technology in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $48.20.

In other news, insider Joel L. Poppen sold 80,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $38.61, for a total transaction of $3,088,800.00. Following the sale, the insider now directly owns 266,966 shares of the company’s stock, valued at approximately $10,307,557.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $41.38, for a total value of $124,140.00. Following the sale, the director now directly owns 116,699 shares in the company, valued at $4,829,004.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 308,088 shares of company stock worth $11,852,538. 0.69% of the stock is currently owned by insiders.

Micron Technology, Inc. (MU) opened at $41.58 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.34 and a debt-to-equity ratio of 0.51. Micron Technology, Inc. has a 1-year low of $19.30 and a 1-year high of $49.89. The company has a market capitalization of $47,525.64, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.18. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The firm had revenue of $6.14 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same period in the prior year, the firm posted ($0.01) EPS. The company’s revenue for the quarter was up 90.8% on a year-over-year basis. equities research analysts predict that Micron Technology, Inc. will post 7.42 earnings per share for the current year.

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Micron Technology Company Profile

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

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