Richelieu Gestion SA Has $2.25 Million Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Richelieu Gestion SA cut its holdings in Micron Technology, Inc. (NASDAQ:MU) by 64.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,100 shares of the semiconductor manufacturer’s stock after selling 34,205 shares during the quarter. Micron Technology comprises 2.3% of Richelieu Gestion SA’s holdings, making the stock its 21st biggest position. Richelieu Gestion SA’s holdings in Micron Technology were worth $2,252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Merlin Capital Inc bought a new position in Micron Technology during the third quarter worth $407,000. TCW Group Inc. raised its stake in Micron Technology by 5.7% during the fourth quarter. TCW Group Inc. now owns 531,637 shares of the semiconductor manufacturer’s stock worth $45,383,000 after acquiring an additional 28,649 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in Micron Technology by 6.3% during the first quarter. Gulf International Bank UK Ltd now owns 99,839 shares of the semiconductor manufacturer’s stock worth $11,770,000 after acquiring an additional 5,958 shares in the last quarter. Savoie Capital LLC acquired a new position in Micron Technology during the third quarter worth about $4,229,000. Finally, TrinityPoint Wealth LLC increased its stake in shares of Micron Technology by 33.9% in the fourth quarter. TrinityPoint Wealth LLC now owns 34,540 shares of the semiconductor manufacturer’s stock valued at $2,948,000 after buying an additional 8,736 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MU has been the topic of several analyst reports. Bank of America upped their target price on Micron Technology from $144.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. Robert W. Baird upped their target price on Micron Technology from $150.00 to $172.00 and gave the company an “outperform” rating in a report on Monday. Argus upgraded Micron Technology from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Thursday, March 21st. Morgan Stanley upped their target price on Micron Technology from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 target price on shares of Micron Technology in a report on Tuesday. Two analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $153.00.

Insider Activity

In related news, EVP Manish H. Bhatia sold 53,317 shares of Micron Technology stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $6,354,320.06. Following the sale, the executive vice president now directly owns 319,119 shares in the company, valued at $38,032,602.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Sumit Sadana sold 13,239 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $118.77, for a total transaction of $1,572,396.03. Following the completion of the transaction, the executive vice president now directly owns 260,857 shares of the company’s stock, valued at $30,981,985.89. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Manish H. Bhatia sold 53,317 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $119.18, for a total value of $6,354,320.06. Following the completion of the sale, the executive vice president now directly owns 319,119 shares of the company’s stock, valued at approximately $38,032,602.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 304,840 shares of company stock worth $37,961,924. 0.32% of the stock is currently owned by insiders.

Micron Technology Trading Up 0.2 %

Shares of MU traded up $0.25 during trading hours on Wednesday, reaching $141.37. 31,956,307 shares of the company’s stock traded hands, compared to its average volume of 20,015,250. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.40 and a current ratio of 3.74. The firm’s 50 day simple moving average is $126.64 and its 200-day simple moving average is $105.26. Micron Technology, Inc. has a 12 month low of $60.50 and a 12 month high of $157.54.

Micron Technology Company Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.