34,800 Shares in Micron Technology (MU) Purchased by Chicago Equity Partners LLC

Chicago Equity Partners LLC acquired a new position in Micron Technology (NASDAQ:MU) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 34,800 shares of the semiconductor manufacturer’s stock, valued at approximately $1,814,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MU. Geode Capital Management LLC raised its stake in Micron Technology by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 12,907,706 shares of the semiconductor manufacturer’s stock valued at $529,730,000 after buying an additional 835,541 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Micron Technology by 26.7% during the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 9,810 shares of the semiconductor manufacturer’s stock valued at $403,000 after buying an additional 2,070 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new stake in Micron Technology during the 4th quarter valued at $36,676,000. Guggenheim Capital LLC raised its stake in Micron Technology by 21.2% during the 4th quarter. Guggenheim Capital LLC now owns 2,279,294 shares of the semiconductor manufacturer’s stock valued at $93,725,000 after buying an additional 398,851 shares during the last quarter. Finally, Fox Run Management L.L.C. raised its stake in Micron Technology by 23.9% during the 4th quarter. Fox Run Management L.L.C. now owns 34,682 shares of the semiconductor manufacturer’s stock valued at $1,426,000 after buying an additional 6,682 shares during the last quarter. Institutional investors own 81.72% of the company’s stock.

Shares of MU stock opened at $54.70 on Friday. The firm has a market capitalization of $62.64 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 0.49 and a beta of 1.36. Micron Technology has a 52 week low of $54.75 and a 52 week high of $56.39. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.06 and a current ratio of 2.58.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Thursday, March 22nd. The semiconductor manufacturer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.55 by $0.27. The business had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.28 billion. Micron Technology had a net margin of 38.68% and a return on equity of 48.27%. The business’s quarterly revenue was up 58.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. equities analysts expect that Micron Technology will post 10.92 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on MU shares. JPMorgan Chase boosted their price objective on shares of Micron Technology from $60.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, March 23rd. Cowen set a $53.00 price objective on shares of Micron Technology and gave the company a “buy” rating in a research report on Wednesday, February 21st. BMO Capital Markets boosted their price objective on shares of Micron Technology from $43.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, March 21st. Vetr raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating and set a $54.66 price objective for the company in a research report on Friday, March 2nd. Finally, ValuEngine downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $64.18.

In other news, SVP April S. Arnzen sold 532 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $59.80, for a total transaction of $31,813.60. Following the sale, the senior vice president now directly owns 57,437 shares in the company, valued at approximately $3,434,732.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick J. Byrne sold 14,360 shares of the company’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $46.31, for a total transaction of $665,011.60. Following the sale, the director now owns 100,299 shares in the company, valued at $4,644,846.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,587 shares of company stock worth $2,871,752. Corporate insiders own 0.53% of the company’s stock.

Micron Technology Profile

Micron Technology, Inc provides semiconductor systems worldwide. The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; lower power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 DRAM and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as for computer memory upgrades; and hybrid memory cube semiconductor memory devices.

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

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