Micron Technology, Inc. (MU) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund reduced its stake in Micron Technology, Inc. (NASDAQ:MU) by 2.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 302,872 shares of the semiconductor manufacturer’s stock after selling 9,134 shares during the period. Texas Permanent School Fund’s holdings in Micron Technology were worth $8,753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Personal Financial Services raised its stake in shares of Micron Technology by 96.8% in the first quarter. First Personal Financial Services now owns 4,234 shares of the semiconductor manufacturer’s stock valued at $122,000 after buying an additional 2,083 shares in the last quarter. Washington Trust Bank raised its stake in shares of Micron Technology by 1.5% in the first quarter. Washington Trust Bank now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $126,000 after buying an additional 63 shares in the last quarter. Coconut Grove Bank raised its stake in shares of Micron Technology by 1,422.5% in the first quarter. Coconut Grove Bank now owns 5,405 shares of the semiconductor manufacturer’s stock valued at $156,000 after buying an additional 5,050 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Micron Technology during the first quarter valued at about $201,000. Finally, Iron Financial LLC purchased a new stake in shares of Micron Technology during the first quarter valued at about $208,000. Institutional investors own 81.43% of the company’s stock.

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

Micron Technology (NASDAQ:MU) last announced its earnings results 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 for the quarter, compared to analyst estimates of $4.65 billion. During the same period in the prior year, the company posted $0.01 EPS. The firm’s quarterly revenue was up 58.4% compared to the same quarter last year.

ILLEGAL ACTIVITY WARNING: This report was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.chaffeybreeze.com/2017/05/19/micron-technology-inc-mu-shares-sold-by-texas-permanent-school-fund.html.

Several analysts have issued reports on the company. Goldman Sachs Group Inc lowered Micron Technology from a “buy” rating to a “neutral” rating in a research note on Monday. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $35.00 target price on shares of Micron Technology in a research note on Friday, May 12th. Robert W. Baird reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Micron Technology in a research note on Monday, May 1st. Mizuho reaffirmed a “buy” rating and issued a $35.00 target price on shares of Micron Technology in a research note on Tuesday, April 25th. Finally, Pacific Crest reaffirmed a “sector perform” rating on shares of Micron Technology in a research note on Thursday, April 6th. 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’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.18.

In related news, Director Mercedes Johnson sold 27,242 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,508,382.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Scott J. Deboer sold 51,500 shares of the company’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $28.80, for a total value of $1,483,200.00. Following the transaction, the vice president now directly owns 221,732 shares in the company, valued at $6,385,881.60. The disclosure for this sale can be found here. Insiders have sold a total of 229,380 shares of company stock worth $6,547,444 over the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

About Micron Technology

5 Day Chart for NASDAQ:MU

Receive News & Ratings for Micron Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply