Were Analysts Bullish Micron Technology, Inc

Lloyd Doyle
January 12, 2018

The partnership has covered just the memory technology and manufacturing, with Intel and Micron separately developing SSDs based on the shared flash technology, or selling the memory on the open market. The sale was disclosed in a filing with the SEC, which is available at the SEC website. It also upped Home Depot Inc Com (NYSE:HD) stake by 3,800 shares and now owns 6,395 shares.

Among 42 analysts covering Micron Technology Inc.

A number of other institutional investors have also recently made changes to their positions in the stock. Hsbc Public Limited Liability Company has invested 0.08% of its portfolio in Micron Technology, Inc. Capital Research Global Investors now owns 39,794,346 shares of the semiconductor manufacturer's stock worth $1,188,259,000 after buying an additional 31,616,346 shares during the period. Dimensional Fund Limited Partnership accumulated 383,663 shares or 0.03% of the stock. Janus Henderson Group PLC raised its position in Micron Technology by 2.3% in the 3rd quarter.


Korea Corp invested 0.61% of its portfolio in Micron Technology, Inc. Finally, Evercore Wealth Management LLC boosted its position in Micron Technology by 2.9% in the second quarter. DnB Asset Management AS now owns 2,618,222 shares of the semiconductor manufacturer's stock valued at $107,661,000 after purchasing an additional 93,230 shares during the period. After a recent check, Micron Technology, Inc. (NASDAQ:MU). Banque Pictet And Cie Sa, a Switzerland-based fund reported 296,125 shares. According to today's trading volume Micron Technology, Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Shares are now up over the past year, outperforming the broad market by -100% and outperformed a peer group of similar companies by 81%.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, December 21st. Analysts are forecasting earnings of $2.57 on a per share basis this quarter. According to their predictions high & low revenue estimates are 7.1 Billion and 6.88 Billion respectively. The company has a quick ratio of 1.83, a current ratio of 2.39 and a debt-to-equity ratio of 0.33. The company's revenue was up 71.4% compared to the same quarter past year. (NASDAQ:MU). Regentatlantic Limited Liability Com has invested 0.73% of its portfolio in Micron Technology, Inc. It is positive, as 56 investors sold C shares while 400 reduced holdings. Zacks Investment Research lowered shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 28th. This represents an increase of 4% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks. The stock of Realty Income Corporation (NYSE:O) earned "Neutral" rating by Mizuho on Friday, October 14. BidaskClub lowered Micron Technology from a "buy" rating to a "hold" rating in a report on Wednesday, December 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 price objective (up from $75.00) on shares of Micron Technology in a research report on Wednesday, December 20th. The analysts, on average, are forecasting a $58.89 price target, but the stock is already up 101.54% from its recent lows.

In other news, VP Brian Shirley sold 90,580 shares of the business's stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $44.55, for a total value of $133,650.00. Following the completion of the sale, the senior vice president now directly owns 202,486 shares of the company's stock, valued at $8,585,406.40. (NASDAQ:MU) was sold by BAILEY ROBERT L. Poppen Joel L sold $3.09 million worth of stock or 80,000 shares. Southernsun Asset Management Llc bought 1.18 million shares as the company's stock declined 8.91% while stock markets rallied. The hedge fund run by Ron Gutfleish held 121,570 shares of the technology company at the end of 2017Q3, valued at $4.78M, down from 186,086 at the end of the previous reported quarter.

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