Phoenix Holdings Ltd. Has $223,000 Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Phoenix Holdings Ltd. decreased its holdings in Micron Technology, Inc. (NASDAQ:MU) by 15.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,660 shares of the semiconductor manufacturer’s stock after selling 840 shares during the quarter. Phoenix Holdings Ltd.’s holdings in Micron Technology were worth $223,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MU. Baystate Wealth Management LLC grew its holdings in shares of Micron Technology by 628.6% in the 2nd quarter. Baystate Wealth Management LLC now owns 510 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 440 shares during the last quarter. Kistler Tiffany Companies LLC grew its holdings in shares of Micron Technology by 120.0% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 550 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 300 shares during the last quarter. CX Institutional grew its holdings in shares of Micron Technology by 162.9% in the 2nd quarter. CX Institutional now owns 552 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 342 shares during the last quarter. RMR Wealth Builders bought a new stake in shares of Micron Technology in the 2nd quarter worth about $31,000. Finally, Pinnacle Bank grew its holdings in shares of Micron Technology by 261.0% in the 3rd quarter. Pinnacle Bank now owns 722 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 522 shares during the last quarter. Institutional investors own 79.66% of the company’s stock.

Shares of NASDAQ:MU opened at $61.40 on Friday. The company has a market capitalization of $68.35 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.52 and a beta of 1.27. The firm’s 50 day simple moving average is $52.73 and its 200 day simple moving average is $49.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.71 and a quick ratio of 1.86. Micron Technology, Inc. has a fifty-two week low of $31.13 and a fifty-two week high of $62.63.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 29th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. The business had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.54 billion. Micron Technology had a net margin of 12.54% and a return on equity of 7.73%. Micron Technology’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period last year, the company posted $0.56 EPS. Equities research analysts expect that Micron Technology, Inc. will post 2.45 earnings per share for the current year.

In other news, EVP Scott J. Deboer sold 27,640 shares of Micron Technology stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $55.00, for a total value of $1,520,200.00. Following the sale, the executive vice president now directly owns 198,808 shares in the company, valued at $10,934,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joel L. Poppen sold 30,900 shares of Micron Technology stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $56.80, for a total transaction of $1,755,120.00. Following the completion of the sale, the senior vice president now owns 335,558 shares in the company, valued at $19,059,694.40. The disclosure for this sale can be found here. Insiders have sold a total of 95,208 shares of company stock worth $5,488,935 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Several equities research analysts have recently weighed in on MU shares. Barclays lowered their target price on shares of Micron Technology from $60.00 to $55.00 in a report on Friday, August 14th. Cowen lowered their target price on shares of Micron Technology from $60.00 to $57.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Needham & Company LLC decreased their price objective on shares of Micron Technology from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Bank of America decreased their price objective on shares of Micron Technology from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, August 27th. Finally, Cleveland Research raised shares of Micron Technology from a “neutral” rating to a “buy” rating in a report on Wednesday, September 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $61.71.

About Micron Technology

Micron Technology, Inc designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR, and 3D XPoint memory under the Micron and Crucial brands, as well as through private labels.

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

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