Toronto Dominion Bank Acquires 67,547 Shares of Micron Technology, Inc. (MU)

Toronto Dominion Bank increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,928 shares of the semiconductor manufacturer’s stock after buying an additional 67,547 shares during the period. Toronto Dominion Bank’s holdings in Micron Technology were worth $16,513,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Eidelman Virant Capital grew its holdings in Micron Technology by 22.0% during the second quarter. Eidelman Virant Capital now owns 127,400 shares of the semiconductor manufacturer’s stock valued at $3,804,000 after purchasing an additional 23,000 shares during the period. Schroder Investment Management Group grew its holdings in Micron Technology by 16.3% during the second quarter. Schroder Investment Management Group now owns 1,652,878 shares of the semiconductor manufacturer’s stock valued at $52,016,000 after purchasing an additional 232,083 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Micron Technology by 8.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,928 shares of the semiconductor manufacturer’s stock valued at $1,342,000 after purchasing an additional 3,317 shares during the period. Quantitative Systematic Strategies LLC grew its holdings in Micron Technology by 0.7% during the second quarter. Quantitative Systematic Strategies LLC now owns 67,006 shares of the semiconductor manufacturer’s stock valued at $2,106,000 after purchasing an additional 475 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Micron Technology by 4.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,627,678 shares of the semiconductor manufacturer’s stock valued at $108,322,000 after purchasing an additional 140,996 shares during the period. 75.45% of the stock is owned by institutional investors and hedge funds.

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MU has been the subject of several research analyst reports. Citigroup Inc. reiterated a “buy” rating and issued a $45.00 price target on shares of Micron Technology in a report on Monday, August 14th. Cowen and Company reiterated a “buy” rating on shares of Micron Technology in a report on Thursday, August 10th. BidaskClub upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Mizuho reiterated a “buy” rating and issued a $38.00 price target on shares of Micron Technology in a report on Wednesday, August 16th. Finally, J P Morgan Chase & Co reiterated a “buy” rating on shares of Micron Technology in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Micron Technology has a consensus rating of “Buy” and a consensus target price of $46.96.

In related news, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $38.10, for a total value of $4,531,766.40. Following the completion of the transaction, the senior vice president now owns 289,940 shares in the company, valued at approximately $11,046,714. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joel L. Poppen sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $38.61, for a total transaction of $3,088,800.00. Following the completion of the transaction, the insider now owns 266,966 shares of the company’s stock, valued at approximately $10,307,557.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 333,415 shares of company stock worth $12,602,325. 0.69% of the stock is currently owned by corporate insiders.

Micron Technology, Inc. (NASDAQ MU) traded down $0.18 on Tuesday, hitting $45.42. 14,109,288 shares of the stock were exchanged, compared to its average volume of 34,990,000. Micron Technology, Inc. has a one year low of $17.53 and a one year high of $46.00. The company has a current ratio of 2.34, a quick ratio of 1.75 and a debt-to-equity ratio of 0.51. The firm has a market cap of $52,370.00, a P/E ratio of 10.09, a P/E/G ratio of 0.60 and a beta of 1.78.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.18. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The company had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $5.97 billion. During the same period last year, the company posted ($0.01) EPS. The firm’s quarterly revenue was up 90.8% compared to the same quarter last year. equities analysts predict that Micron Technology, Inc. will post 7.42 earnings per share for the current fiscal year.

About Micron Technology

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

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