Are Micron’s Massive Institutional Stockholders Selling Shares?
So far in 2012, Micron Technology Inc.’s (NASDAQ:MU) shares are down 7.63 percent. On Wednesday, Transform Solar, a joint venture between Micron and Australian-based Origin Energy, announced that it will stop its its Idaho-based operations and cut its workforce in the next three months. Daniel Francisco, a Micron spokesman, said the decision came from the challenging global economic climate and the unfavorable global supply and demand, which has hit the solar market hard.
With the solar industry facing challenges and the closing of Transform Solar, will Micron’s largest shareholders decrease their holdings? 511 institutional firms indicated owning shares of Micron Technology Inc. (NASDAQ:MU) in Q1 2012. These firms reported owning a total of 1.918 billion shares on 03/31/2012 . The shares closed at $8.10 on 03/31/2012.
Here are the ten largest positions in Micron Technology Inc. at the end of March 31st, 2012.
Soros Fund Management LLC held 804,915,000 shares on 03/31/2012 worth $829,819,000.
Orbis Holdings Ltd held 68,381,078 shares on 03/31/2012 worth $553,886,758.
Alliancebernstein L.P. held 55,551,054 shares on 03/31/2012 worth $449,963,559.
Vanguard Group Inc held 50,546,497 shares on 03/31/2012 worth $409,426,645.
Fmr LLC held 49,738,166 shares on 03/31/2012 worth $402,879,164.
State Street Corp held 42,474,640 shares on 03/31/2012 worth $344,044,600.
Invesco Ltd. held 37,750,000 shares on 03/31/2012 worth $39,758,000.
Advent Capital Management /DE/ held 35,276,000 shares on 03/31/2012 worth $32,732,000.
Primecap Management Co/CA/ held 32,452,427 shares on 03/31/2012 worth $262,864,671.
Price T Rowe Associates Inc /MD/ held 28,970,302 shares on 03/31/2012 worth $234,659,457.
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