Micron Technology, Inc. (MU) Shares Sold by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,040 shares of the semiconductor manufacturer’s stock after selling 25,300 shares during the period. Icon Advisers Inc. Co.’s holdings in Micron Technology were worth $5,101,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MU. Swiss National Bank raised its position in Micron Technology by 1.3% in the third quarter. Swiss National Bank now owns 3,874,503 shares of the semiconductor manufacturer’s stock worth $152,384,000 after acquiring an additional 49,200 shares during the period. LMR Partners LLP raised its position in Micron Technology by 6.9% in the third quarter. LMR Partners LLP now owns 27,653 shares of the semiconductor manufacturer’s stock worth $1,088,000 after acquiring an additional 1,776 shares during the period. AMP Capital Investors Ltd raised its position in Micron Technology by 14.1% in the third quarter. AMP Capital Investors Ltd now owns 801,496 shares of the semiconductor manufacturer’s stock worth $31,521,000 after acquiring an additional 99,231 shares during the period. Sei Investments Co. raised its position in Micron Technology by 5.1% in the third quarter. Sei Investments Co. now owns 1,561,222 shares of the semiconductor manufacturer’s stock worth $61,403,000 after acquiring an additional 76,222 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Micron Technology by 26.7% in the fourth quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 9,810 shares of the semiconductor manufacturer’s stock worth $403,000 after acquiring an additional 2,070 shares during the period. Institutional investors own 81.05% of the company’s stock.

In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction on Friday, December 1st. The shares were sold at an average price of $41.38, for a total value of $124,140.00. Following the completion of the transaction, the director now directly owns 116,699 shares of the company’s stock, valued at approximately $4,829,004.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP April S. Arnzen sold 27,878 shares of Micron Technology stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $44.27, for a total transaction of $1,234,159.06. Following the completion of the transaction, the senior vice president now directly owns 58,659 shares of the company’s stock, valued at $2,596,833.93. The disclosure for this sale can be found here. Insiders have sold 173,470 shares of company stock valued at $7,420,480 over the last ninety days. 0.53% of the stock is currently owned by corporate insiders.

MU has been the topic of several recent research reports. UBS Group increased their price target on shares of Micron Technology from $75.00 to $85.00 in a research report on Wednesday, December 20th. Loop Capital decreased their price target on shares of Micron Technology from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. Vetr upgraded shares of Micron Technology from a “hold” rating to a “buy” rating and set a $47.30 price objective on the stock in a research report on Wednesday, November 15th. Citigroup restated a “buy” rating on shares of Micron Technology in a research report on Monday, October 23rd. Finally, Deutsche Bank restated a “buy” rating and set a $50.00 price objective on shares of Micron Technology in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Micron Technology presently has an average rating of “Buy” and a consensus price target of $55.80.

Micron Technology, Inc. (NASDAQ MU) opened at $40.41 on Friday. The firm has a market cap of $47,210.00, a price-to-earnings ratio of 6.36, a P/E/G ratio of 0.40 and a beta of 1.62. Micron Technology, Inc. has a 52 week low of $22.64 and a 52 week high of $49.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.83 and a current ratio of 2.39.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.60. The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.43 billion. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. Micron Technology’s quarterly revenue was up 71.4% on a year-over-year basis. During the same period last year, the company posted $0.32 earnings per share. equities analysts predict that Micron Technology, Inc. will post 10.12 EPS for the current fiscal year.

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About Micron Technology

Micron Technology, Inc is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.

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

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