Micron Technology, Inc. (MU) Stake Maintained by Amica Pension Fund Board of Trustees

Micron Technology, Inc. (MU) Stake Maintained by Amica Pension Fund Board of Trustees

Amica Pension Fund Board of Trustees continued to hold its position in Micron Technology, Inc. (NASDAQ:MU) during the first quarter, Holdings Channel reports. The institutional investor owned 50,883 shares of the semiconductor manufacturer’s stock at the end of the first quarter. Amica Pension Fund Board of Trustees’ holdings in Micron Technology were worth $1,471,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millie Capital Management LLC purchased a new stake in Micron Technology during the first quarter worth $2,341,000. Seminole Management Co. Inc. boosted its stake in Micron Technology by 2,478.9% in the first quarter. Seminole Management Co. Inc. now owns 245,000 shares of the semiconductor manufacturer’s stock worth $7,081,000 after buying an additional 235,500 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Micron Technology by 3.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 167,276 shares of the semiconductor manufacturer’s stock worth $4,834,000 after buying an additional 6,045 shares during the period. Advisory Services Network LLC purchased a new stake in Micron Technology during the first quarter worth $596,000. Finally, Advisor Partners LLC boosted its stake in Micron Technology by 23.6% in the first quarter. Advisor Partners LLC now owns 24,266 shares of the semiconductor manufacturer’s stock worth $701,000 after buying an additional 4,640 shares during the period. Institutional investors own 81.43% of the company’s stock.

Micron Technology, Inc. (NASDAQ:MU) traded up 1.48% during trading on Friday, hitting $28.20. 15,639,616 shares of the stock were exchanged. The firm’s 50 day moving average price is $27.59 and its 200-day moving average price is $22.97. Micron Technology, Inc. has a 1-year low of $9.35 and a 1-year high of $29.87. The stock has a market cap of $31.20 billion, a price-to-earnings ratio of 43.93 and a beta of 1.93.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Thursday, March 23rd. The semiconductor manufacturer reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. The company earned $4.65 billion during the quarter, compared to the consensus estimate of $4.65 billion. Micron Technology had a positive return on equity of 0.81% and a negative net margin of 2.32%. The firm’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS. On average, analysts anticipate that Micron Technology, Inc. will post $4.28 EPS for the current year.

MU has been the topic of several research analyst reports. Goldman Sachs Group Inc raised shares of Micron Technology from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $29.00 in a research note on Wednesday, March 1st. Robert W. Baird reissued an “outperform” rating and set a $40.00 target price on shares of Micron Technology in a research note on Monday, May 1st. Cowen and Company raised their target price on shares of Micron Technology from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, March 3rd. Rosenblatt Securities initiated coverage on shares of Micron Technology in a research note on Wednesday, February 22nd. They set a “buy” rating and a $34.00 target price on the stock. Finally, Vetr cut shares of Micron Technology from a “strong-buy” rating to a “buy” rating and set a $28.60 target price on the stock. in a research note on Monday, March 6th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $31.25.

In related news, VP Scott J. Deboer sold 51,500 shares of the stock in a transaction on Monday, March 27th. The stock was sold at an average price of $28.80, for a total value of $1,483,200.00. Following the sale, the vice president now owns 221,732 shares in the company, valued at approximately $6,385,881.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Steven L. Thorsen, Jr. sold 126,000 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $24.64, for a total value of $3,104,640.00. Following the completion of the sale, the vice president now owns 421,690 shares in the company, valued at approximately $10,390,441.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 382,630 shares of company stock worth $10,282,104. 0.69% of the stock is owned by company insiders.

Micron Technology Company Profile

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