The Target Price for Micron Technology (NASDAQ:MU) is $38.52/share according to the consensus analysis of analysts working on the stock. Washington Trust Bank now owns 4,355 shares of the semiconductor manufacturer’s stock worth $126,000 after buying an additional 63 shares during the last quarter.
Several other institutional investors have also added to or reduced their stakes in MU. Symphony Asset Management LLC controls 79,000 shares with a value of $1,732,000. Arrowstreet Capital Limited Partnership increased its position in Micron Technology by 2,047.2% in the fourth quarter. Considering that the stock daily volume of 33.14 million shares, this represents a pretty noteworthy trading in volume size that is above six million trading capacity in recent session. Garelick Capital Partners LP owned 0.08% of Micron Technology worth $24,670,000 at the end of the most recent quarter. Legal & General Group Plc now owns 5,200,413 shares of the semiconductor manufacturer’s stock worth $150,302,000 after buying an additional 108,426 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Micron Technology by 64.4% 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.
Micron Technology, Inc. has a 52 week low of $11.50 and a 52 week high of $32.93. “(MU) Price Target to $40.00” was posted by Markets Daily and is owned by of Markets Daily.
Update: The shares are back in the green now, up 16 cents, or half a percent, at $31.63.
Analysts had been modeling $5.4 billion, and $1.52 per share in net income.
Micron Technology, Inc. has a 50 day moving average of 29.67 and a 200 day moving average of 25.76. Micron Technology accounts for approximately 0.8% of Teewinot Capital Advisers L.L.C.’s portfolio, making the stock its 26th largest position. This is an increase of 108% compared to the average volume of 11,369 call options. If you are accessing this story on another domain, it was illegally copied and republished in violation of United States & global copyright & trademark legislation.
Weiss Multi Strategy Advisers LLC acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) shares were sold by Shirley Brian.
Covering sell-side analysts have recently weighed in on shares of Micron Technology, Inc. Mizuho restated a “buy” rating and issued a $35.00 price objective on shares of Micron Technology in a research report on Friday, June 16th. Cowen & Co maintained the shares of MU in report on Thursday, September 1 with “Outperform” rating. Analysts giving the company a rating of 3 would be indicating a Hold recommendation. Shares for $408,911 were sold by Byrne Patrick J. Deboer Scott J sold 10,000 shares worth $300,000. The shares were sold at an average price of $27.66, for a total transaction of $753,513.72. The fund acquired 60,432 shares of the semiconductor manufacturer’s stock, valued at approximately $1,746,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP April S. Arnzen sold 10,638 shares of the business’s stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $27.85, for a total transaction of $27,850.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,242 shares of company stock valued at $1,161,064. Corporate insiders own 0.69% of the company’s stock.