Wealth Enhancement Advisory Services LLC Has $7.58 Million Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 75.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 87,176 shares of the semiconductor manufacturer's stock after selling 263,436 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Micron Technology were worth $7,575,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MU. E Fund Management Co. Ltd. grew its stake in shares of Micron Technology by 31.8% during the 4th quarter. E Fund Management Co. Ltd. now owns 36,378 shares of the semiconductor manufacturer's stock worth $3,062,000 after acquiring an additional 8,780 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Micron Technology by 43.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 14,178 shares of the semiconductor manufacturer's stock valued at $1,193,000 after buying an additional 4,264 shares in the last quarter. Landscape Capital Management L.L.C. grew its stake in shares of Micron Technology by 167.0% in the fourth quarter. Landscape Capital Management L.L.C. now owns 45,758 shares of the semiconductor manufacturer's stock valued at $3,851,000 after buying an additional 28,621 shares in the last quarter. Duquesne Family Office LLC bought a new position in shares of Micron Technology in the fourth quarter valued at $34,412,000. Finally, Janus Henderson Group PLC lifted its holdings in Micron Technology by 74.6% during the 4th quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer's stock valued at $222,779,000 after purchasing an additional 1,130,680 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MU shares. Wells Fargo & Company raised Micron Technology from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $130.00 to $150.00 in a report on Friday, June 20th. Cantor Fitzgerald reissued an "overweight" rating and set a $130.00 target price on shares of Micron Technology in a report on Friday, March 21st. Wall Street Zen raised Micron Technology from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Morgan Stanley dropped their price target on Micron Technology from $112.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. Finally, Wedbush boosted their price target on Micron Technology from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.75.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 2,290 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $120.31, for a total transaction of $275,509.90. Following the transaction, the chief executive officer now directly owns 384,885 shares of the company's stock, valued at approximately $46,305,514.35. This trade represents a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Scott J. Deboer sold 20,000 shares of Micron Technology stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the executive vice president now directly owns 186,353 shares in the company, valued at $20,498,830. This trade represents a 9.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,404 shares of company stock valued at $4,130,167 in the last 90 days. Corporate insiders own 0.30% of the company's stock.

Micron Technology Stock Up 4.8%

Shares of NASDAQ MU opened at $127.91 on Wednesday. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $144.07. The business has a 50-day simple moving average of $95.29 and a two-hundred day simple moving average of $93.66. The company has a quick ratio of 1.99, a current ratio of 3.13 and a debt-to-equity ratio of 0.28. The company has a market cap of $142.95 billion, a P/E ratio of 30.67 and a beta of 1.28.

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.

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