Paloma Partners Management Co boosted its holdings in Micron Technology, Inc. (NASDAQ:MU) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,581 shares of the semiconductor manufacturer’s stock after buying an additional 3,162 shares during the period. Paloma Partners Management Co’s holdings in Micron Technology were worth $2,285,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Micron Technology by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 12,907,706 shares of the semiconductor manufacturer’s stock valued at $529,730,000 after purchasing an additional 835,541 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Micron Technology by 2.3% during the 3rd quarter. Janus Henderson Group PLC now owns 12,125,074 shares of the semiconductor manufacturer’s stock valued at $476,863,000 after purchasing an additional 274,086 shares in the last quarter. Legal & General Group Plc grew its position in shares of Micron Technology by 1.7% during the 3rd quarter. Legal & General Group Plc now owns 5,642,131 shares of the semiconductor manufacturer’s stock valued at $221,856,000 after purchasing an additional 94,517 shares in the last quarter. Greenlight Capital Inc. grew its position in shares of Micron Technology by 89.5% during the 3rd quarter. Greenlight Capital Inc. now owns 5,021,900 shares of the semiconductor manufacturer’s stock valued at $197,511,000 after purchasing an additional 2,371,900 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Micron Technology by 26,035.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,756,637 shares of the semiconductor manufacturer’s stock valued at $195,593,000 after purchasing an additional 4,738,437 shares in the last quarter. Institutional investors and hedge funds own 82.51% of the company’s stock.
In other Micron Technology news, EVP Scott J. Deboer sold 14,750 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $43.28, for a total value of $638,380.00. Following the transaction, the executive vice president now owns 134,854 shares in the company, valued at $5,836,481.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Steven L. Thorsen, Jr. sold 60,921 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $42.40, for a total transaction of $2,583,050.40. The disclosure for this sale can be found here. Insiders sold 174,692 shares of company stock worth $7,493,827 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.
Shares of Micron Technology, Inc. (NASDAQ:MU) opened at $59.43 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.39 and a quick ratio of 1.83. The firm has a market cap of $68,650.42, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.58 and a beta of 1.46. Micron Technology, Inc. has a one year low of $24.93 and a one year high of $63.42.
Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.60. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.43 billion. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. The firm’s revenue for the quarter was up 71.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. equities analysts anticipate that Micron Technology, Inc. will post 10.29 EPS for the current fiscal year.
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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