Sunbelt Securities Inc. has sold 179 shares of Micron Technology, Inc. (NASDAQ:MU), reducing its stake in the semiconductor manufacturer by 10.1% in the third quarter, as reported by Holdings Channel.com. The fund’s holdings in Micron Technology were worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
State Street Corp, FMR LLC, Capital World Investors, Geode Capital Management LLC, and Wellington Management Group LLP are among the other large investors who have made changes to their positions in the stock. State Street Corp boosted its stake by 0.6% during the second quarter, now owning 46,193,578 shares of the semiconductor manufacturer’s stock valued at $2,915,277,000 after buying an additional 282,292 shares during the period. FMR LLC boosted its stake by 47.9% during the third quarter, now owning 21,899,184 shares of the semiconductor manufacturer’s stock valued at $1,489,801,000 after buying an additional 7,089,790 shares during the period. Capital World Investors boosted its stake by 19.8% during the second quarter, now owning 21,320,648 shares of the semiconductor manufacturer’s stock valued at $1,345,546,000 after buying an additional 3,523,684 shares during the period. Geode Capital Management LLC lifted its stake by 2.4% during the second quarter, now owning 20,833,138 shares of the semiconductor manufacturer’s stock worth $1,311,265,000 after purchasing an additional 484,293 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake by 43.4% during the third quarter, now owning 17,383,628 shares of the semiconductor manufacturer’s stock worth $1,182,608,000 after purchasing an additional 5,257,201 shares during the last quarter. 79.25% of the stock is owned by institutional investors.
Shares of MU stock opened at $93.25 on Monday, trading up 2.0%. Micron Technology, Inc. has a 52-week low of $53.61 and a 52-week high of $101.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.14, and a current ratio of 3.53. With a market capitalization of $102.94 billion, a PE ratio of -14.85, and a beta of 1.24, the stock has a fifty-day simple moving average of $87.50 and a two-hundred day simple moving average of $78.63.
Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wed
