This article first appeared on GuruFocus.
ETF flows into Micron Technology (MU) totaled a net $106.3 million on Tuesday, as 52 ETFs added shares and 21 cut holdings. The buying extended a two-day streak in the same direction. Over the prior sessions, net flows swung from -$63.2 million on Nov. 5 and -$132.6 million on Nov. 6 to $554.6 million on Nov. 9 before Tuesday’s gain.
More on GuruFocus: ETF Trends | 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 QQQ ($116.2 million), SPY ($26.0 million) and AVLV ($14.7 million). In all, 52 ETFs added shares and 21 cut them.
Invesco QQQ led the move with a $116.2 million increase in its Micron stake, followed by SPY at $26.0 million and AVLV at $14.7 million. QQQM added $9.2 million, while QLD and TECL each added $4.7 million and TQQQ $4.1 million. Micron operates in the Technology sector’s Semiconductors industry with a market cap of $917.9 billion.
Have ETFs been buying or selling MU lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
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 10.93, P/B 6.63 and P/S 6.97. The GF Score is 96, and GF Value of $838.30 compares with a price of $811.30. Dividend yield is 0.05% and the stock is up 184.47% 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.
What should investors watch next for MU?
Watch whether ETF buying extends beyond two days, given the sharp swing from net selling on Nov. 5 and Nov. 6 to heavy buying on Nov. 9.
