Micron Technology, Inc. (MU) Holdings Trimmed by Dowling & Yahnke LLC

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Dowling & Yahnke LLC trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,728 shares of the semiconductor manufacturer’s stock after selling 2,080 shares during the quarter. Dowling & Yahnke LLC’s holdings in Micron Technology were worth $1,209,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Micron Technology by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,543,491 shares of the semiconductor manufacturer’s stock worth $710,326,000 after purchasing an additional 40,694 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Micron Technology by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,113,462 shares of the semiconductor manufacturer’s stock valued at $268,150,000 after acquiring an additional 238,829 shares during the last quarter. Parnassus Investments CA boosted its position in shares of Micron Technology by 40.0% during the 2nd quarter. Parnassus Investments CA now owns 4,900,000 shares of the semiconductor manufacturer’s stock valued at $256,956,000 after acquiring an additional 1,400,000 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Micron Technology by 7.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,185,658 shares of the semiconductor manufacturer’s stock valued at $219,496,000 after acquiring an additional 277,992 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Micron Technology by 3.3% during the 2nd quarter. Swiss National Bank now owns 3,822,903 shares of the semiconductor manufacturer’s stock valued at $200,473,000 after acquiring an additional 122,800 shares during the last quarter. Institutional investors and hedge funds own 75.48% of the company’s stock.

NASDAQ:MU opened at $37.72 on Thursday. Micron Technology, Inc. has a fifty-two week low of $33.82 and a fifty-two week high of $64.66. The firm has a market cap of $40.84 billion, a P/E ratio of 3.19, a P/E/G ratio of 0.56 and a beta of 1.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.16 and a current ratio of 2.79.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Thursday, September 20th. The semiconductor manufacturer reported $3.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.33 by $0.20. Micron Technology had a return on equity of 51.68% and a net margin of 46.51%. The company had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same quarter in the prior year, the firm posted $2.02 EPS. Micron Technology’s quarterly revenue was up 37.5% compared to the same quarter last year. Sell-side analysts forecast that Micron Technology, Inc. will post 10.19 EPS for the current year.

A number of research firms have recently commented on MU. ValuEngine downgraded Micron Technology from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Piper Jaffray Companies set a $48.00 target price on Micron Technology and gave the company a “hold” rating in a research report on Saturday, October 20th. BidaskClub downgraded Micron Technology from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Barclays lowered their target price on Micron Technology from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, October 23rd. Finally, Stifel Nicolaus set a $108.00 target price on Micron Technology and gave the company a “buy” rating in a research report on Thursday, July 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $66.92.

Micron Technology Company 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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