Guyasuta Investment Advisors Inc. Buys 3,866 Shares of Micron Technology, Inc. (NASDAQ:MU)

Guyasuta Investment Advisors Inc. lifted its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 176,788 shares of the semiconductor manufacturer's stock after acquiring an additional 3,866 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in Micron Technology were worth $15,361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Xcel Wealth Management LLC grew its stake in shares of Micron Technology by 1.8% in the fourth quarter. Xcel Wealth Management LLC now owns 6,157 shares of the semiconductor manufacturer's stock worth $518,000 after purchasing an additional 108 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Micron Technology by 3.8% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,973 shares of the semiconductor manufacturer's stock worth $250,000 after purchasing an additional 108 shares during the last quarter. Twin Capital Management Inc. grew its stake in shares of Micron Technology by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 20,062 shares of the semiconductor manufacturer's stock worth $1,688,000 after purchasing an additional 108 shares during the last quarter. Cim Investment Management Inc. grew its stake in shares of Micron Technology by 0.5% in the fourth quarter. Cim Investment Management Inc. now owns 23,062 shares of the semiconductor manufacturer's stock worth $1,941,000 after purchasing an additional 114 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of Micron Technology by 1.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 10,481 shares of the semiconductor manufacturer's stock worth $883,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Stock Up 1.5%

Shares of MU traded up $1.78 on Friday, reaching $123.60. The company's stock had a trading volume of 29,228,945 shares, compared to its average volume of 23,459,384. The company has a current ratio of 3.13, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $144.07. The stock has a market capitalization of $138.13 billion, a PE ratio of 29.64 and a beta of 1.28. The firm has a fifty day moving average of $93.13 and a 200-day moving average of $93.27.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.13. Micron Technology had a net margin of 14.92% and a return on equity of 10.87%. The company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same quarter in the prior year, the business posted $0.42 EPS. The firm's revenue was up 38.2% compared to the same quarter last year. Equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Analyst Ratings Changes

MU has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Micron Technology from $92.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Royal Bank Of Canada set a $125.00 price target on shares of Micron Technology in a research report on Wednesday, March 19th. Mizuho upped their price target on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Morgan Stanley cut their price target on shares of Micron Technology from $112.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Finally, Citigroup upped their price target on shares of Micron Technology from $110.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $127.92.

Insider Buying and Selling

In other Micron Technology news, EVP Scott J. Deboer sold 20,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the executive vice president now owns 186,353 shares in the company, valued at approximately $20,498,830. This trade represents a 9.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 5,210 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $121.35, for a total transaction of $632,233.50. Following the completion of the sale, the chief executive officer now owns 379,675 shares of the company's stock, valued at approximately $46,073,561.25. This trade represents a 1.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,404 shares of company stock worth $5,572,867 in the last quarter. Insiders own 0.30% of the company's stock.

About Micron Technology

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.