Will Micron Technology’s Top Institutional Shareholders Buy More with a NAND Shortage?

For the year-to-date, Micron Technology Inc.’s (NASDAQ:MU) shares are up 2.07 percent. On Thursday, the company’s shares jumped 7.59 percent after OCZ Technology Group Inc. (NASDAQ:OCZ) said its second quarter revenue was expected go below its prior estimate thanks to a NAND chip shortage.

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Expectations then rose that production cutbacks would narrow the market for flash memory chips and subsequently give makers a boost.

Kevin Cassidy, a Stifel Nicolaus analyst said of the news, “Supply and demand is coming into balance with the cuts and the industry rationalizing its capacity.”

With the narrowing market, will Micron Technology Inc.’s largest shareholders increase their holdings? 555 institutional firms indicated owning shares of Micron Technology Inc. (NASDAQ:MU) in Q2 2012. These firms reported owning a total of 1.927 billion shares on 06/30/2012. The shares closed at $6.31 on 06/30/2012.

Here are the ten largest positions in Micron Technology Inc. at the end of June 30th, 2012.

Soros Fund Management LLC held 816,115,000 shares on 06/30/2012 worth $804,608,000. This brought the portfolio total to 11.63%.

Vanguard Group Inc held 56,707,917 shares on 06/30/2012 worth $357,826,953. This brought the portfolio total to 0.05%.

Alliancebernstein L.P. held 51,958,059 shares on 06/30/2012 worth $327,855,349. This brought the portfolio total to 0.37%.

Blackrock Institutional Trust Company N.A. held 50,008,000 shares on 06/30/2012 worth $49,008,000. This brought the portfolio total to 0.01%.

State Street Corp held 44,245,447 shares on 06/30/2012 worth $279,188,768. This brought the portfolio total to 0.04%.

Royal Bank of Canada held 40,000,000 shares on 06/30/2012 worth $39,200,000. This brought the portfolio total to 0.04%.

Invesco Ltd. held 39,500,000 shares on 06/30/2012 worth $35,170. This brought the portfolio total to 0.0%.

FMR LLC held 38,681,815 shares on 06/30/2012 worth $244,082,250. This brought the portfolio total to 0.05%.

SAC Capital Advisors LP held 32,502,525 shares on 06/30/2012 worth $205,090,931. This brought the portfolio total to 1.08%.

Primecap Management Co/CA/ held 31,875,627 shares on 06/30/2012 worth $201,135,205. This brought the portfolio total to 0.35%.

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