Scholtz & Company LLC reduced its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 5.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,750 shares of the semiconductor manufacturer’s stock after selling 3,765 shares during the period. Scholtz & Company LLC’s holdings in Micron Technology were worth $2,016,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MU. Guardian Life Insurance Co. of America boosted its stake in Micron Technology by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock worth $116,000 after buying an additional 13 shares during the period. First Personal Financial Services boosted its stake in Micron Technology by 96.8% in the first quarter. First Personal Financial Services now owns 4,234 shares of the semiconductor manufacturer’s stock worth $122,000 after buying an additional 2,083 shares during the period. Washington Trust Bank boosted its stake in Micron Technology by 1.5% in the first quarter. 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 period. Coconut Grove Bank boosted its stake in Micron Technology by 1,422.5% in the first quarter. Coconut Grove Bank now owns 5,405 shares of the semiconductor manufacturer’s stock worth $156,000 after buying an additional 5,050 shares during the period. Finally, Prospera Financial Services Inc acquired a new stake in Micron Technology during the first quarter worth approximately $201,000. Institutional investors and hedge funds own 79.75% of the company’s stock.
Micron Technology, Inc. (NASDAQ MU) traded down 0.016% on Thursday, reaching $32.005. The company had a trading volume of 9,494,394 shares. The stock has a 50 day moving average of $29.68 and a 200 day moving average of $25.76. The firm has a market capitalization of $35.41 billion, a PE ratio of 49.852 and a beta of 1.77. Micron Technology, Inc. has a 12 month low of $11.50 and a 12 month high of $32.93.
Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Thursday, March 23rd. The semiconductor manufacturer reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.06. The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.65 billion. Micron Technology had a return on equity of 7.73% and a net margin of 4.68%. Micron Technology’s quarterly revenue was up 58.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. On average, analysts anticipate that Micron Technology, Inc. will post $4.29 EPS for the current year.
TRADEMARK VIOLATION WARNING: This report was first posted by sleekmoney and is the property of of sleekmoney. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://sleekmoney.com/scholtz-company-llc-sells-3765-shares-of-micron-technology-inc-mu/1931336.html.
MU has been the subject of several research reports. Robert W. Baird reiterated an “outperform” rating and set a $40.00 price target on shares of Micron Technology in a research report on Monday. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $35.00 price target (up from $31.00) on shares of Micron Technology in a research report on Monday, March 27th. Cowen and Company boosted their price target on Micron Technology from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, March 3rd. Vetr upgraded Micron Technology from a “buy” rating to a “strong-buy” rating and set a $28.56 price target for the company in a research report on Wednesday, March 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $47.00 price target on shares of Micron Technology in a research report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $32.29.
In related news, Director Mercedes Johnson sold 27,242 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $27.66, for a total value of $753,513.72. Following the completion of the sale, the director now directly owns 54,533 shares of the company’s stock, valued at $1,508,382.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP April S. Arnzen sold 1,000 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $28.95, for a total value of $28,950.00. Following the completion of the sale, the vice president now directly owns 54,542 shares of the company’s stock, valued at $1,578,990.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 240,380 shares of company stock valued at $6,898,194. 0.69% of the stock is owned by corporate insiders.
Micron Technology Company Profile
Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU).
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/scholtz-company-llc-sells-3765-shares-of-micron-technology-inc-mu/1931336.html
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.