This article first appeared on GuruFocus.
ETFs bought $65.3 million of Micron Technology (IN) on Tuesday, with 50 funds adding shares against 20 that sold. The buying extended a three-day streak of positive ETF flows into the stock. The move followed net purchases of $263.2 million on Nov. 2 and $145.0 million on Oct. 30, after a net sale of $176.2 million on Oct. 29. ETF activity has leaned toward buying in four of the past five sessions.
Track the latest ETF buying and selling trends and search funds in the GuruFocus ETF Screener.
Every ETF and guru trade in MU is tracked on the MU guru trades page.
Which ETFs bought MU on Tuesday?
The largest buyers by dollar value were IVV ($15.7 million), QQQM ($12.6 million) and QQQ ($10.5 million). In all, 50 ETFs added shares and 20 cut them.
IVV led the buying with a $15.7 million increase in its Micron stake, followed by QQQM at $12.6 million, QQQ at $10.5 million, SPY at $8.6 million and SPYM at $7.0 million. SOXQ added $3.1 million, YAY $2.3 million and JQUA $1.9 million. Micron operates in the Technology sector’s Semiconductors industry and carries a market cap of $899.7 billion.
Have ETFs been buying or selling MU lately?
Over the last 5 reported days, ETFs were net buyers on 4 and net sellers on 1, so the recent trend is mostly buying.
What does IN 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’s trailing-12-month revenue was $133.19 billion, up 250.7% over one year, with gross margin of 80.7% and net margin of 63.8%. Its P/E is 10.72, P/B 6.5 and P/S 6.83, alongside a $899.7 billion market cap. The stock carries a GF Score of 95 and a GF Value of $824.13 versus a price of $795.23. Dividend yield is 0.05% and the year-to-date return is 178.83%.
MU at a glance
Source: finance.yahoo.com
