Guardian Investment Management Increases Holdings in Micron Technology, Inc. (MU)

Guardian Investment Management lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 21.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,950 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,550 shares during the period. Guardian Investment Management’s holdings in Micron Technology were worth $1,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brasada Capital Management LP raised its holdings in shares of Micron Technology by 100.0% during the 1st quarter. Brasada Capital Management LP now owns 2,000 shares of the semiconductor manufacturer’s stock worth $104,000 after acquiring an additional 1,000 shares during the period. Tradewinds Capital Management LLC raised its holdings in shares of Micron Technology by 411.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,996 shares of the semiconductor manufacturer’s stock worth $105,000 after acquiring an additional 1,606 shares during the period. Credit Agricole S A raised its holdings in shares of Micron Technology by 199,900.0% during the 2nd quarter. Credit Agricole S A now owns 2,000 shares of the semiconductor manufacturer’s stock worth $105,000 after acquiring an additional 1,999 shares during the period. First Manhattan Co. raised its holdings in shares of Micron Technology by 211.1% during the 3rd quarter. First Manhattan Co. now owns 2,800 shares of the semiconductor manufacturer’s stock worth $126,000 after acquiring an additional 1,900 shares during the period. Finally, America First Investment Advisors LLC purchased a new position in shares of Micron Technology during the 2nd quarter worth $131,000. Institutional investors and hedge funds own 74.15% of the company’s stock.

A number of analysts recently issued reports on MU shares. Rosenblatt Securities raised their price objective on Micron Technology to $120.00 in a research report on Thursday, June 21st. Stifel Nicolaus raised their price objective on Micron Technology to $108.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. MKM Partners raised their price objective on Micron Technology to $77.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. JPMorgan Chase & Co. raised their price objective on Micron Technology from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. Finally, Credit Suisse Group set a $90.00 price objective on Micron Technology and gave the stock a “buy” rating in a research report on Thursday, June 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $68.42.

NASDAQ MU traded down $0.86 during trading on Friday, hitting $40.44. The stock had a trading volume of 2,295,933 shares, compared to its average volume of 37,916,276. The company has a market cap of $48.04 billion, a P/E ratio of 3.54, a P/E/G ratio of 0.64 and a beta of 1.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.79 and a quick ratio of 2.06. Micron Technology, Inc. has a twelve month low of $37.52 and a twelve month high of $64.66.

Micron Technology (NASDAQ:MU) last released its earnings results on Thursday, September 20th. The semiconductor manufacturer reported $3.53 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.20. The company had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.25 billion. Micron Technology had a return on equity of 51.68% and a net margin of 46.51%. Micron Technology’s revenue was up 37.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.02 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 10.37 EPS for the current fiscal year.

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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