Published: Sat, January 13, 2018
Health | By Jay Jacobs

Institutional Investors Are Crazy For Micron Technology Inc (NASDAQ:MU)

Institutional Investors Are Crazy For Micron Technology Inc (NASDAQ:MU)

The institutional investor held 16,518 shares of the technology company at the end of 2017Q3, valued at $650,000, down from 28,794 at the end of the previous reported quarter. Central Asset Investments & Management Holdings Hk Ltd 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. The volume of 38.55 Million shares climbed down over an trading activity of 39.85 Million shares. It has outperformed by 40.07% the S&P500.

Virtus Investment Advisers Inc increased its stake in Franklin Res Inc (BEN) by 252.13% based on its latest 2017Q3 regulatory filing with the SEC. Evercore Wealth Management LLC now owns 10,236 shares of the semiconductor manufacturer's stock worth $141,000 after buying an additional 287 shares during the period. D E Shaw Commerce invested in 5.63 million shares or 0.34% of the stock. The stock increased 1.01% or $0.38 during the last trading session, reaching $37.97. About 1.03M shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since January 12, 2017 and is uptrending. It has underperformed by 16.38% the S&P500. Therefore 92% are positive.

Among 42 analysts covering Micron Technology Inc. Capital Research Global Investors lifted its position in Micron Technology by 386.6% in the 2nd quarter. (NASDAQ:MU) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The stock has "Outperform" rating by Cowen & Co on Wednesday, December 23. Bronfman E.L. Rothschild L.P. increased its position in Micron Technology by 7.6% in the third quarter. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Credit Suisse maintained the shares of MU in report on Tuesday, September 5 with "Buy" rating. J.P. Morgan maintained Micron Technology, Inc. However, this pullback puts MU stock within one standard deviation of its 80-day moving average, a trendline with historically bullish implications. (NYSE:GDDY) earned "Buy" rating by Deutsche Bank on Monday, August 14. The company was maintained on Monday, August 22 by Mizuho.

Stelliam Investment Management Lp, which manages about $3.51B and $3.28 billion US Long portfolio, upped its stake in Spdr Gold Trust (Call) (GLD) by 952,500 shares to 1.65M shares, valued at $200.61 million in 2017Q3, according to the filing. It also increased its holding in Blackbaud Inc (NASDAQ:BLKB) by 17,400 shares in the quarter, for a total of 24,525 shares, and has risen its stake in Thor Industries Inc (NYSE:THO).

Since August 1, 2017, it had 0 buys, and 14 insider sales for $12.71 million activity. The shares were sold at an average price of $42.40, for a total value of $2,583,050.40. BAILEY ROBERT L sold $128,197 worth of stock. Approximately 5.2% of the shares of the company are sold short.

Investors sentiment increased to 1.37 in 2017 Q3. The company has a quick ratio of 1.83, a current ratio of 2.39 and a debt-to-equity ratio of 0.33. Sold All: 52 Reduced: 205 Increased: 237 New Position: 114.

Several institutional investors and hedge funds have recently modified their holdings of the company. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported. Profund Advisors Lc holds 279,362 shares. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Micron Technology by 1.5% in the 3rd quarter. (NASDAQ:MU). First Citizens Bank & Tru Co stated it has 25,289 shares. California-based Gemmer Asset Limited Co has invested 0% in Micron Technology, Inc. Gotham Asset Limited Company accumulated 1.48 million shares. Nikko Asset Management Americas Inc has 3,300 shares for 0.01% of their portfolio. LLC now owns 8,967 shares of the semiconductor manufacturer's stock worth $159,000 after buying an additional 4,615 shares during the period. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.60. William Blair initiated GoDaddy Inc. Over the same time span, the stock marked US$49.89 as its best level and the lowest price reached was US$21.49. Parametric Portfolio Associates LLC now owns 3,383,098 shares of the semiconductor manufacturer's stock valued at $133,057,000 after buying an additional 51,527 shares during the period. (NASDAQ:MU). Virginia Retirement System Et Al holds 772,300 shares or 0.37% of its portfolio. Adage Group Limited Liability holds 0.15% or 1.55 million shares in its portfolio. Therefore 67% are positive. Micron Technology Inc. had 204 analyst reports since July 29, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of ETP in report on Friday, August 18 with "Hold" rating. Robert W. Baird maintained Micron Technology, Inc. (NYSE:COL) rating on Thursday, October 6. Bernstein has "Market Perform" rating and $10 target. The rating was maintained by Brean Capital with "Buy" on Tuesday, August 16. Seaport Global upgraded it to "Buy" rating and $100 target in Monday, January 23 report. The stock of Micron Technology, Inc. The rating was initiated by William Blair on Tuesday, August 11 with "Outperform". (NYSE:GDDY) on Thursday, August 4 with "Buy" rating. The firm earned "Neutral" rating on Monday, August 17 by Bank of America. (NASDAQ:RPD) has "Overweight" rating given on Tuesday, August 9 by Barclays Capital.

Analysts await Rapid7, Inc. Menta Cap Ltd reported 0.21% in The Boeing Company (NYSE:BA). Needham & Company LLC now has a $76.00 price target on the semiconductor manufacturer's stock. SU's profit will be $616.21M for 24.98 P/E if the $0.38 EPS becomes a reality. During the same quarter in the previous year, the company posted $0.32 EPS.

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