Micron Technology, Inc. has a beta of 0.56, offering the possibility of a higher rate of return, but also posing more risk. The stock now has Weekly Volatility of 2.83% and Monthly Volatility of 2.86%. Micron Technology Inc. had 177 analyst reports since July 29, 2015 according to SRatingsIntel. Inc.'s holdings, making the stock its 5th biggest holding. Fred Alger Management Inc. purchased a new stake in shares of Micron Technology during the fourth quarter valued at approximately $82,322,000. The Arizona-based Tci Wealth Advisors Inc. has invested 0.01% in the stock. Norges Bank purchased a new stake in shares of Micron Technology during the fourth quarter valued at approximately $217,749,000. For the quarter, shares have been noted at 4.96%. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer's stock worth $142,000 after buying an additional 4,350 shares during the last quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer's stock worth $116,000 after acquiring an additional 13 shares in the last quarter. The value of the investment in Micron Technology, Inc. increased from $355,000 to $1,636,000 a change of 360.8% quarter over quarter.
Institutional investors and hedge funds have recently made changes to their positions in the company. On Thursday, June 1 ARNZEN APRIL S sold $30,750 worth of Micron Technology, Inc. The stock was sold at an average price of $39.86, for a total transaction of $119,580.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. About 36.86 million shares traded or 3.31% up from the average. Following the sale, the vice president now directly owns 53,542 shares in the company, valued at $1,491,144.70. The disclosure for this sale can be found here. Insiders sold a total of 287,465 shares of company stock worth $10,620,575 in the last ninety days.
Looking forward, the company's quarterly earnings are expected to come at $0.13 in the three months through September 2017 and $0.19 in the quarter ending December 2017, reflecting 18.18% growth, respectively. Schroder Investment Management Group lifted its holdings in Micron Technology by 16.3% during the 2nd quarter. "Longer-term, MU expects some opportunistic share repurchases to drive shareholder returns", contends Rakesh.
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COPYRIGHT VIOLATION WARNING: This article was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this report on another website, it was copied illegally and republished in violation of US & worldwide copyright & trademark legislation. (NASDAQ:MU). Columbia Partners L L C Mgmt holds 0.35% in Micron Technology, Inc. Micron Technology has a 12 month low of $16.17 and a 12 month high of $42.07. The stock decreased 0.88% or $0.37 during the last trading session, reaching $41.61. The company's stock had a trading volume of 37,868,540 shares. The stock's last price was higher from the average trading price of 50 days recorded at $3.05 while enlarging the period to 200 trading days, the average price was $2.47. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since October 12, 2016 and is uptrending. The current consensus recommendation provided by covering analysts is 1.80. (NASDAQ:MU) news were published by: Seekingalpha.com which released: "Micron: The Endorsement Of An Icon" on October 02, 2017, also Seekingalpha.com with their article: "Micron Technology: D- In Capital Allocation" published on October 11, 2017, Seekingalpha.com published: "Micron Technology: What About Chip Prices?" on September 25, 2017. Micron Technology's quarterly revenue was up 90.8% compared to the same quarter past year. During the same quarter a year ago, the firm posted ($0.01) EPS. The firm's quarterly revenue was up 90.8% compared to the same quarter past year. Macquarie reissued an outperform rating and issued a $35.00 price target on shares of Micron Technology in a report on Wednesday, June 14th.
A number of large investors have recently modified their holdings of MU. Based on 23 analysts polled by TipRanks in the last 3 months, 21 rate a Buy on Micron stock while 2 maintain a Hold. Wells Fargo & Co restated an "outperform" rating and issued a $35.00 price target on shares of Micron Technology in a research note on Friday, March 24th. Finally, Citigroup Inc. set a $45.00 target price on Micron Technology and gave the stock a "buy" rating in a research note on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Micron Technology now has a consensus rating of "Buy" and an average price target of $31.25.