GuruFocus News
This article first appeared on GuruFocus.
Micron Technology (MU) drew net ETF buying of $326.9 million on Monday, Oct. 19, snapping a three-day run of net selling. Forty-three ETFs added shares while 25 trimmed positions, with 187 holding steady. The prior three sessions saw net outflows of $52.1 million, $147.0 million and $68.2 million, following net buying of $329.6 million on Oct. 13. ETF activity on Monday reversed that short streak.
Every ETF and guru trade in MU is tracked on the MU guru trades page.
Which ETFs bought MU on Monday?
The largest buyers by dollar value were QQQ ($218.4 million), SOXX ($107.3 million) and XLK ($18.9 million). In all, 43 ETFs added shares and 25 cut them.
QQQ led the move with $218.4 million in value change and a 1.03% stake increase, followed by SOXX at $107.3 million and a 3.45% stake gain, and XLK at $18.9 million. DUHP added $18.7 million, QLD $11.0 million and QQQM $9.0 million. Micron operates in the Technology sector’s Semiconductors industry with a market cap of $1.01 trillion.
Have ETFs been buying or selling MU lately?
Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.
What does MU do?
Micron Technology is an industry leader in memory and storage semiconductors, delivering DRAM, NAND, and NOR products under the Micron and Crucial brands.
Micron reported trailing-12-month revenue of $133.19 billion, up 250.7% year over year, with gross margin of 80.7% and net margin of 63.8%. Its P/E is 12.07, P/B 7.32 and P/S 7.7. The GF Score is 94, and GF Value of $793.59 compares with a price of $896.07. Dividend yield is 0.05% and the stock is up 214.19% year to date.
MU at a glance
Compare MU’s share price with its GF Value, see recent insider trades, or check which gurus own MU.
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