Micron Technology Inc Stock as Institutional Investors Enter
Micron Technology Inc Stock as Institutional Investors Enter
Technologies>Embedded Revolution Intel Cuts Ties with Micron over Flash Memory Manufacturing James Morra 1 | Jan 12 2018
14 January, 2018, 15:22
One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. The semiconductor manufacturer reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.60. The shares were sold at an average price of $44.55, for a total value of $133,650.00. Rapid7, Inc. (NASDAQ:RPD) has risen 56.77% since January 12, 2017 and is uptrending. It has outperformed by 12.63% the S&P500. (NASDAQ:MU) were released by: Seekingalpha.com and their article: "Micron Technology: Post-Earnings Valuation" published on December 22, 2017 as well as Fool.com's news article titled: "Why Micron Technology, Inc". Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer's stock worth $115,000 after buying an additional 1,252 shares during the period. The institutional investor held 470,200 shares of the technology company at the end of 2017Q3, valued at $18.49M, down from 537,500 at the end of the previous reported quarter. Stelliam Investment Management Lp who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $49.79B market cap company. Micron was last seen down 0.7% to trade at $43.06. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since January 12, 2017 and is uptrending. It has outperformed by 159.57% the S&P500. The firm's revenue was up 71.4% on a year-over-year basis. equities research analysts forecast that Micron Technology will post 9.78 earnings per share for the current year. The insider BAILEY ROBERT L sold 3,000 shares worth $119,583.
Finally, Krilogy Financial LLC increased its holdings in shares of Micron Technology by 1,087.5% in the second quarter. The stock decreased 1.20% or $0.52 during the last trading session, reaching $42.79. The ratio improved, as 351 institutional investors increased or opened new equity positions, while 257 sold and decreased stakes in Micron Technology Inc. The investment managers in our partner's database reported: 886.67 million shares, up from 832.79 million shares in 2017Q2. Synovus Finance holds 0.05% or 68,890 shares. Cypress Capital Mgmt Limited Liability (Wy) stated it has 1.09% of its portfolio in Micron Technology, Inc. D Scott Neal accumulated 1,358 shares.
Investors sentiment decreased to 0.97 in Q3 2017. 7,083 were reported by Atlantic Grp Ltd Liability Com.
The stock of Rapid7, Inc. (NASDAQ:MU) for 63,000 shares. Also, the number of investment managers holding Micron Technology Inc in their top 10 holdings increased from 27 to 40 for an increase of 13. Salem Investment Counselors Inc. raised its position in shares of Micron Technology by 76.0% in the 3rd quarter. (NASDAQ:MU). Walleye Trading Limited Company stated it has 2.45 million shares. The firm has "Outperform" rating by Cowen & Co given on Tuesday, August 11. (NASDAQ:MU). Virginia Retirement System Et Al holds 772,300 shares or 0.37% of its portfolio. Central Asset Investments & Management Holdings Hk Ltd bought 643,100 shares as the company's stock rose 19.14% with the market. 18 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. Balo Andrew K also sold $230,921 worth of DexCom, Inc. It also reduced its holding in Alphabet Inc by 11,700 shares in the quarter, leaving it with 1,000 shares, and cut its stake in Snap Inc (Put).
Of the analysts surveyed by Reuters that track Micron Technology, Inc. The rating was initiated by Citigroup on Wednesday, December 7 with "Buy". Therefore 92% are positive. Micron Technology Inc. had 205 analyst reports since July 29, 2015 according to SRatingsIntel. (NASDAQ:MU) has "Buy" rating given on Wednesday, September 6 by Cowen & Co. The firm earned "Hold" rating on Wednesday, October 21 by Needham. Mizuho maintained Micron Technology, Inc. Robert W. Baird has "Neutral" rating and $90 target. JPMorgan Chase & Co. increased their price objective on Micron Technology to $60.00 and gave the stock an overweight rating in a research note on Wednesday, December 20th. Longbow Research reiterated a "buy" rating and set a $50.00 price target (up from $42.00) on shares of Micron Technology in a report on Wednesday, September 27th. They set a "market perform" rating and a $43.00 price objective on the stock. The firm has "Buy" rating by Edward Jones given on Tuesday, November 21. (NYSE:GDDY) on Thursday, August 4 with "Buy" rating. Robert W. Baird maintained Micron Technology, Inc. Shares of KR have uptrended 36.34% in the past three months, while the S&P 500 has moved 25.4% in that time. Citigroup maintained it with "Neutral" rating and $140 target in Tuesday, August 15 report. The company was maintained on Tuesday, December 15 by Mizuho. (NYSE:GDDY) on Tuesday, June 20 with "Buy" rating.
Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.39, from 1.36 in 2017Q2. It improved, as 12 investors sold ETP shares while 8 reduced holdings. 165 funds opened positions while 367 raised stakes. Inc., a New York-based fund reported 12.11 million shares.#img1#.
Sit Investment Associates Inc, which manages about $6.54B and $4.02B US Long portfolio, upped its stake in Watsco Inc (NYSE:WSO) by 4,045 shares to 9,645 shares, valued at $1.55M in 2017Q3, according to the filing. During the last 52 weeks, the (NYSE:KR) price has been as high as $34.99 and as low as $19.69. Carnegie Asset Ltd Co has invested 1.62% in The Boeing Company (NYSE:BA). The company has a current ratio of 2.39, a quick ratio of 1.83 and a debt-to-equity ratio of 0.33. 279,112 were reported by British Columbia Inv Mgmt Corporation. Meritage Port reported 24,383 shares stake. Central Asset Investments & Management Holdings (Hk) Ltd owns 1.01 million shares or 27.42% of their USA portfolio. Compton Management Inc Ri reported 0.81% of its portfolio in The Boeing Company (NYSE:BA). 295 are owned by Exane Derivatives.
Since August 7, 2017, it had 0 insider purchases, and 2 selling transactions for $408,160 activity.