Russell Investments Group Ltd. Has $44.92 Million Holdings in Micron Technology, Inc. (MU)

Russell Investments Group Ltd. decreased its position in Micron Technology, Inc. (NASDAQ:MU) by 66.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,142,174 shares of the semiconductor manufacturer’s stock after selling 2,310,690 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Micron Technology worth $44,918,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Eidelman Virant Capital increased its position in shares of Micron Technology by 22.0% during the second quarter. Eidelman Virant Capital now owns 127,400 shares of the semiconductor manufacturer’s stock valued at $3,804,000 after buying an additional 23,000 shares during the period. Schroder Investment Management Group increased its position in shares of Micron Technology by 16.3% during the second quarter. Schroder Investment Management Group now owns 1,652,878 shares of the semiconductor manufacturer’s stock valued at $52,016,000 after buying an additional 232,083 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Micron Technology by 8.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,928 shares of the semiconductor manufacturer’s stock valued at $1,342,000 after buying an additional 3,317 shares during the period. Quantitative Systematic Strategies LLC increased its position in shares of Micron Technology by 0.7% during the second quarter. Quantitative Systematic Strategies LLC now owns 67,006 shares of the semiconductor manufacturer’s stock valued at $2,106,000 after buying an additional 475 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Micron Technology by 4.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,627,678 shares of the semiconductor manufacturer’s stock valued at $108,322,000 after buying an additional 140,996 shares during the period. Hedge funds and other institutional investors own 76.85% of the company’s stock.

In other Micron Technology news, EVP Scott J. Deboer sold 30,000 shares of Micron Technology stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the executive vice president now directly owns 122,667 shares in the company, valued at approximately $5,152,014. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $44.55, for a total transaction of $133,650.00. Following the sale, the director now owns 117,299 shares of the company’s stock, valued at $5,225,670.45. The disclosure for this sale can be found here. Insiders sold a total of 308,415 shares of company stock valued at $11,836,825 over the last quarter. 0.69% of the stock is owned by company insiders.

Several brokerages recently issued reports on MU. Vetr cut shares of Micron Technology from a “buy” rating to a “hold” rating and set a $47.81 price target on the stock. in a research report on Friday. J P Morgan Chase & Co boosted their price objective on shares of Micron Technology from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Deutsche Bank AG reissued a “buy” rating and set a $50.00 price objective on shares of Micron Technology in a research note on Tuesday, November 7th. Cowen and Company reissued a “buy” rating and set a $50.00 price objective on shares of Micron Technology in a research note on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Micron Technology in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. Micron Technology has a consensus rating of “Buy” and an average target price of $47.12.

Micron Technology, Inc. (NASDAQ MU) opened at $47.04 on Monday. The stock has a market cap of $53,230.00, a P/E ratio of 10.40, a PEG ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.34 and a quick ratio of 1.75. Micron Technology, Inc. has a 12-month low of $18.18 and a 12-month high of $46.55.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.18. The company had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. Micron Technology’s revenue for the quarter was up 90.8% on a year-over-year basis. During the same period last year, the business earned ($0.01) EPS. research analysts forecast that Micron Technology, Inc. will post 7.42 earnings per share for the current year.

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Micron Technology Profile

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

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