Oppenheimer & Co. Inc. Has $4.72 Million Stake in Micron Technology, Inc. (MU)

Oppenheimer & Co. Inc. lowered its stake in Micron Technology, Inc. (NASDAQ:MU) by 0.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 163,245 shares of the semiconductor manufacturer’s stock after selling 1,067 shares during the period. Oppenheimer & Co. Inc.’s holdings in Micron Technology were worth $4,717,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. 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 valued at $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 valued at $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 valued at $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 valued at $156,000 after buying an additional 5,050 shares during the period. Finally, Prospera Financial Services Inc bought a new stake in Micron Technology during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 79.75% of the company’s stock.

Shares of Micron Technology, Inc. (NASDAQ MU) opened at 32.35 on Tuesday. The stock has a 50 day moving average price of $29.67 and a 200 day moving average price of $25.76. Micron Technology, Inc. has a 1-year low of $11.50 and a 1-year high of $32.93. The company has a market capitalization of $35.79 billion, a price-to-earnings ratio of 50.39 and a beta of 1.77.

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Several research analysts have issued reports on MU shares. Barclays PLC increased their price objective on Micron Technology to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $60.00 price objective on shares of Micron Technology in a research report on Tuesday. Goldman Sachs Group, Inc. (The) raised Micron Technology from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $29.00 in a report on Wednesday, March 1st. Macquarie reissued an “outperform” rating and issued a $35.00 target price on shares of Micron Technology in a report on Wednesday, June 14th. Finally, Mizuho reissued a “buy” rating and issued a $35.00 target price on shares of Micron Technology in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Micron Technology currently has an average rating of “Buy” and a consensus target price of $33.46.

In related news, Director Mercedes Johnson sold 27,242 shares of Micron Technology stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $27.66, for a total value of $753,513.72. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Steven L. Thorsen, Jr. sold 50,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $28.46, for a total transaction of $1,423,000.00. Following the completion of the transaction, the vice president now directly owns 245,690 shares in the company, valued at $6,992,337.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,880 shares of company stock valued at $2,892,034. 0.69% of the stock is owned by company insiders.

About Micron Technology

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

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