Inside Stories

How Have Institutional Investors Been Trading Micron Technology, Inc. (MU)?

Micron Technology, Inc. (NASDAQ:MU) has seen its stock price gain 23.68, or +108.03%, so far in 2017. In the past 3-month period alone, shares of MU have appreciated +17.59 – or +62.80%. The stock’s 52-week range is $16.90 to $45.33, and its 3-month range is $28.72 to $45.87.

The average Wall Street analyst rating for Micron Technology, Inc. is Strong Buy, according to the average of 20 analyst scores. Of those analysts, 16 rate stock as a Strong Buy, 2 rate it as Hold, and just no analyst rates it as a Moderate Sell.

Insider Trading Activity for Micron Technology, Inc.

Looking at insider trading can give great insight into how Micron Technology, Inc. (NASDAQ:MU) is performing. Micron Technology, Inc. has had 47 insider trades in the last 3 months, including 15 open market buys and 32 sells. Of those insider trades, 459,779 shares of Micron Technology, Inc. were purchased and 418,611 shares were sold. The total number of shares traded in the last 90-day period is 878,390.

Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 81 insider trades, including 18 open market buys and 63 sells. Of those transactions, there were 732,436 shares of MU bought and 1.15 million shares sold. The total number of shares traded in the last 12 months is 1.89 million.

The most recent open market insider trade was Automatic Sell of 3,000 shares on a day where the closing price was 44.55. The insider, BAILEY ROBERT L, now holds 117,299 shares of MU.

The most recent non open market insider trade was completed by MEHROTRA SANJAY on 10/24/2017, and was a acquisition of 108,277 shares with a final price of $0. The insider now holds 352,448 shares of Micron Technology, Inc. (MU).

Examining Institutional Ownership at Micron Technology, Inc. (NASDAQ:MU)

According to Micron Technology, Inc.’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 75.94%. The total amount of shares outstanding is 1.12 billion, giving the company a market capitalization of about 51.09 billion.

There are 788 institutional holders with active positions, accounting for 875.79 million shares in total. Of those holders, 377 had increased positions amounting to 118.46 million shares, 344 had decreased positions amounting to 132.32 million shares, and 67 holders have a held position accounting for 625 million shares.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 72.58 million shares, BLACKROCK INC. with 62.48 million shares, PRIMECAP MANAGEMENT CO/CA/ with 59 million shares, STATE STREET CORP with 41.56 million shares, and CAPITAL RESEARCH GLOBAL INVESTORS with 39.79 million shares.

According to Micron Technology, Inc. (MU) most recent 13F filing, the company has 96 new institutional holders – accounting for 9.37 million shares of its common stock. There were 68 sold out positions, amounting to 15.15 million shares.

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