Micron Technology Inc Stock as Institutional Investors Enter


Micron Technology Inc Stock as Institutional Investors Enter

Andrew Cummings
January 14, 2018

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 in the last quarter. The hedge fund run by Terence Hogan held 183,697 shares of the capital goods company at the end of 2017Q3, valued at $1.82M, down from 702,808 at the end of the previous reported quarter. Kingdon Capital Management Llc who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $49.50 billion market cap company.

NYSE:KR) shares were trading higher by 0.79 percent ($0.22) at $27.99 a piece in Wednesday's session. About 28.46 million shares traded.


Micron Technology (NASDAQ:MU) had its price objective hoisted by Cowen from $50.00 to $53.00 in a report published on Wednesday, December 20th, Marketbeat Ratings reports. It has outperformed by 159.57% the S&P500.

Sit Investment Associates Inc decreased its stake in Suncor Energy Inc (SU) by 17.07% based on its latest 2017Q3 regulatory filing with the SEC. Peoples Financial Services Corp sold 3,400 shares as the company's stock rose 9.83% with the market. The institutional investor held 844,360 shares of the integrated oil company at the end of 2017Q3, valued at $29.58M, down from 1.02M at the end of the previous reported quarter. Gargoyle Investment Advisor Llc who had been investing in Snap On Inc for a number of months, seems to be less bullish one the $10.47B market cap company. 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 semiconductor manufacturer reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. GoDaddy Inc. (NYSE:GDDY) has risen 31.53% since January 11, 2017 and is uptrending. It has underperformed by 0.55% the S&P500. During the same period last year, the business earned $0.32 earnings per share. equities analysts forecast that Micron Technology will post 9.78 earnings per share for the current year. Therefore 92% are positive. Argus Research maintained Micron Technology, Inc. (NASDAQ:MU) on Wednesday, December 20 with "Buy" rating. The rating was initiated by FBN Securities on Monday, September 11 with "Buy". Robert W. Baird reiterated an outperform rating and issued a $60.00 price objective (up from $52.00) on shares of Micron Technology in a research note on Tuesday, November 28th. Credit Suisse initiated the stock with "Neutral" rating in Thursday, August 27 report. (NASDAQ:MU) for 25,504 shares. (NASDAQ:MU). Moreover, Axa has 0.37% invested in Micron Technology, Inc. The rating was maintained by Nomura on Friday, September 29 with "Buy". (NASDAQ:MU) on Wednesday, July 5 with "Buy" rating.


Kingdon Capital Management Llc, which manages about $3.27 billion and $1.53B US Long portfolio, decreased its stake in Applied Matls Inc (NASDAQ:AMAT) by 24,255 shares to 489,300 shares, valued at $25.49M in 2017Q3, according to the filing. 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).

Since January 1, 0001, it had 0 insider buys, and 14 selling transactions for $12.71 million activity. The insider BAILEY ROBERT L sold $128,197. Thorsen Steven L. JR also sold $4.53M worth of Micron Technology, Inc. (NASDAQ:MU) for 63,000 shares. The shares were sold at an average price of $44.55, for a total value of $133,650.00. Finally, Krilogy Financial LLC increased its holdings in shares of Micron Technology by 1,087.5% in the second quarter. The firm has a market capitalization of $49,500.00, a PE ratio of 6.74, a PEG ratio of 0.47 and a beta of 1.75. It is positive, as 52 investors sold MU shares while 205 reduced holdings. Its down 12.23% from 6.95 million shares previously. Finally, Nepsis Capital Management Inc. boosted its position in shares of Micron Technology by 15.0% in the third quarter. James Inv Rech Inc has 0.09% invested in Micron Technology, Inc. (NASDAQ:MU). Hilton Capital Mgmt Limited Liability Com, a New York-based fund reported 10,500 shares. Covington invested 0% of its portfolio in Micron Technology, Inc. Zacks Investment Research downgraded shares of Micron Technology from a buy rating to a hold rating in a research note on Friday, December 22nd. DnB Asset Management AS now owns 2,618,222 shares of the semiconductor manufacturer's stock worth $107,661,000 after buying an additional 93,230 shares during the last quarter. Buckingham Asset Management Ltd Liability Corporation reported 14,576 shares. 13,205 were accumulated by Stratos Wealth Prns. (NASDAQ:MU). Aperio Grp Incorporated Ltd Com, a California-based fund reported 511,131 shares. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. SevenBridge Financial Group LLC grew its position in shares of Micron Technology by 87.5% during the third quarter. (NASDAQ:MU). First Natl Co holds 12,687 shares or 0.06% of its portfolio. Adage Group Limited Liability holds 0.15% or 1.55 million shares in its portfolio.


Since August 10, 2017, it had 0 insider purchases, and 11 sales for $2.56 million activity. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Therefore 65% are positive. Micron Technology Inc. had 204 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Monday, November 13 by BMO Capital Markets. The stock has "Outperform" rating by IBC on Thursday, April 13. Mizuho has "Buy" rating and $38.0 target. (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". The stock of GoDaddy Inc. (NYSE:GDDY) earned "Buy" rating by Deutsche Bank on Monday, August 14. (NASDAQ:MU) on Wednesday, October 5 with "Neutral" rating. As per Tuesday, October 20, the company rating was initiated by Jefferies.

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