Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 17,723 Shares of Micron Technology, Inc. (MU)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 30.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,893 shares of the semiconductor manufacturer’s stock after buying an additional 17,723 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Micron Technology were worth $2,222,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Micron Technology by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,888,475 shares of the semiconductor manufacturer’s stock valued at $304,475,000 after buying an additional 105,111 shares during the period. Winslow Capital Management LLC purchased a new position in Micron Technology during the third quarter valued at approximately $200,253,000. Norges Bank purchased a new position in Micron Technology during the fourth quarter valued at approximately $217,749,000. Arrowstreet Capital Limited Partnership boosted its position in Micron Technology by 2,047.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,798,500 shares of the semiconductor manufacturer’s stock valued at $149,023,000 after buying an additional 6,481,879 shares during the period. Finally, Teachers Advisors LLC boosted its position in Micron Technology by 22.0% in the fourth quarter. Teachers Advisors LLC now owns 4,712,736 shares of the semiconductor manufacturer’s stock valued at $103,303,000 after buying an additional 849,803 shares during the period. 81.43% of the stock is owned by institutional investors and hedge funds.

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

Shares of Micron Technology, Inc. (NASDAQ:MU) traded up 1.24% during trading on Friday, reaching $27.82. 19,128,744 shares of the company traded hands. Micron Technology, Inc. has a 12 month low of $10.28 and a 12 month high of $29.87. The stock has a market capitalization of $30.78 billion, a PE ratio of 43.33 and a beta of 1.93. The company has a 50-day moving average of $27.94 and a 200-day moving average of $23.70.

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

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Several research firms have recently issued reports on MU. Zacks Investment Research cut shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. Deutsche Bank AG increased their price objective on shares of Micron Technology from $26.00 to $28.00 and gave the company a “buy” rating in a report on Monday, January 30th. Credit Suisse Group AG increased their target price on shares of Micron Technology from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, March 22nd. 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. Finally, Cowen and Company increased their target price on shares of Micron Technology from $26.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Three analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.18.

In other Micron Technology news, Director Mercedes Johnson sold 27,242 shares of the firm’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $27.66, for a total transaction of $753,513.72. Following the transaction, the director now directly owns 54,533 shares in the company, valued at approximately $1,508,382.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brian Shirley sold 88,000 shares of the firm’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $28.67, for a total value of $2,522,960.00. Following the transaction, the vice president now owns 376,292 shares in the company, valued at $10,788,291.64. The disclosure for this sale can be found here. Insiders have sold a total of 229,380 shares of company stock valued at $6,547,444 in the last three months. Insiders own 0.69% of the company’s stock.

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