Mar 1, 2016

Tweet Leonard Capital Management Inc bought a new position in Micron Technology, Inc. (NASDAQ:MU) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 200,000 shares of the semiconductor manufacturer’s stock, valued at approximately $2,832,000. Micron Technology accounts for 2.5% of Leonard Capital Management Inc’s holdings, making the stock its 20th largest position. A number of other institutional investors have also added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC raised its position in Micron Technology by 0.7% in the fourth quarter. Piedmont Investment Advisors LLC now owns 308,233 shares of the semiconductor manufacturer’s stock valued at $4,365,000 after buying an additional 2,114 shares during the period. Dowling & Yahnke LLC raised its position in Micron Technology by 19.4% in the fourth quarter. Dowling & Yahnke LLC now owns 18,783 shares of the semiconductor manufacturer’s stock valued at $266,000 after buying an additional 3,053 shares during the period. Great West Life Assurance Co. Can raised its position in Micron Technology by 0.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 607,889 shares of the semiconductor manufacturer’s stock valued at $8,612,000 after buying an additional 5,163 shares during the period. World Asset Management Inc raised its position in Micron Technology by 4.8% in the fourth quarter. World Asset Management Inc now owns 117,999 shares of the semiconductor manufacturer’s stock valued at $1,671,000 after buying an additional 5,406 shares during the period. Finally, Nisa Investment Advisors raised its position in Micron Technology by 3.9% in the fourth quarter. Nisa Investment Advisors now owns 147,989 shares of the semiconductor manufacturer’s stock valued at $2,096,000 after buying an additional 5,500 shares during the period. Micron Technology, Inc. ( NASDAQ:MU ) opened at 10.63 on Tuesday. Micron Technology, Inc. has a 52-week low of $9.31 and a 52-week high of $30.69. The firm has a 50-day moving average of $10.85 and a 200-day moving average of $14.59. The firm has a market cap of $11.03 billion and a PE ratio of 5.78. Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, December 22nd. The semiconductor manufacturer reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business earned $3.35 billion during the quarter. The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. Equities analysts anticipate that Micron Technology, Inc. will post $0.42 EPS for the current year. Several equities analysts have commented on the stock. Cowen and Company reiterated a “buy” rating and set a $24.00 price objective on shares of Micron Technology in a research report on Monday, November 9th. Nomura reiterated a “hold” rating on shares of Micron Technology in a research report on Wednesday, November 25th. Zacks Investment Research upgraded shares of Micron Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 24th. Macquarie reiterated an “outperform” rating and set a $30.00 price objective on shares of Micron Technology in a research report on Tuesday, November 17th. Finally, Susquehanna reiterated a “buy” rating and set a $22.00 price objective (down previously from $24.00) on shares of Micron Technology in a research report on Tuesday, December 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. Micron Technology currently has a consensus rating of “Buy” and an average price target of $21.35. In other news, CFO Ernest E. Maddock purchased 10,000 shares of the business’s stock in a transaction dated Thursday, January 21st. The stock was acquired at an average price of $10.69 per share, with a total value of $106,900.00. Following the purchase, the chief financial officer now directly owns 123,256 shares of the company’s stock, valued at approximately $1,317,606.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, insider Joel L. Poppen sold 47,685 shares of Micron Technology stock in a transaction on Friday, January 15th. The stock was sold at an average price of $11.10, for a total value of $529,303.50. Following the transaction, the insider now directly owns 3,650 shares of the company’s stock, valued at approximately $40,515. The disclosure for this sale can be found here . Micron Technology, Inc is a global provider of semiconductor devices. Through the Company’s global operations, it manufactures and markets a full range of Dynamic Random Access Memory ( NASDAQ:MU ), NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products. This story was originally published by American Banking News (http://www.americanbankingnews.com) and is the sole property of American Banking News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.americanbankingnews.com/2016/03/01/leonard-capital-management-inc-invests-2832000-in-micron-technology-inc-mu/ Frustrated with your broker? Are you tired of paying high fees? 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