As Micron Technology Inc (NASDAQ:MU) Price Rose, Overbrook Management Corp Trimmed Position by $12.27 Million

May 17, 2018 - By Rebecca Betts

Micron Technology, Inc. (NASDAQ:MU) Corporate LogoBig Money Sentiment decreased to 1.24 in 2017 Q4. It has change of 0.13, from 2017Q3’s 1.37. The ratio dived due to MU positioning: 49 sold and 245 reduced. 126 funds amassed positions and 239 increased positions. Investors holded 886.67 million in 2017Q3 but now own 883.15 million shares or 0.40% less. Kbc Group Nv holds 0.27% or 773,222 shs in its capital. Lazard Asset Mgmt Limited invested in 28,315 shs. Caxton Limited Partnership invested 0.49% in Micron Technology, Inc. (NASDAQ:MU). Nomura Hldg Incorporated, a Japan-based fund reported 458,323 shs. Wedge Capital Management L Limited Partnership Nc holds 1.50M shs. Pnc Serv Group Inc Inc, Pennsylvania-based fund reported 255,880 shs. Primecap Ca has invested 1.84% in Micron Technology, Inc. (NASDAQ:MU). 1.95M were reported by D E Shaw & Inc. Parallax Volatility Advisers Limited Partnership holds 0.07% or 1.22M shs in its capital. 142,180 were reported by Pinnacle Assoc Limited. California State Teachers Retirement has invested 0.17% in Micron Technology, Inc. (NASDAQ:MU). 2.29M are held by Royal Bancorp Of Canada. Bluemountain Capital Mngmt Ltd Liability Co accumulated 82,072 shs or 0.07% of the stock. State Of Wisconsin Invest Board has 1.40 million shs. Advantus Mngmt invested 0.12% of its capital in Micron Technology, Inc. (NASDAQ:MU).

MU registered $7.65 million net activity with 0 buys and 13 sales since January 2, 2018. Shares for $2.17 million were sold by Mondry Lawrence N on Wednesday, February 14. On Wednesday, February 7 Shares for $638,380 were sold by Deboer Scott J. Shares for $31,814 were sold by ARNZEN APRIL S on Thursday, March 15. Shares for $1.36M were sold by Thorsen Steven L. JR. Byrne Patrick J sold $665,058 worth of Micron Technology, Inc. (NASDAQ:MU) or 14,360 shs on Wednesday, May 2. 25,000 shs were sold by JOHNSON MERCEDES, worth $1.26M.

According to 2018Q1 SEC filling the Overbrook Management Corp reduced its holdings in Micron Technology Inc (NASDAQ:MU) by 46.63%. The company’s stock Popped Up 18.77% while Overbrook Management Corp sold 235,886 shares. The hedge fund is holding 269,983 shares, compared to the 505,869 from the previous quarter. And the announced value of the technology company is $14.08 million for the 2018Q1. Overbrook Management Corp has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Overbrook Management Corp is a New York-based hedge fund with more than $1.12 billion AUM in October, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Overbrook Management latest Adv, the fund reported to have 15 full and part-time employees. Among which 6 performing investment advisory and research functions. The hedge fund had more than 200 clients.

Micron Technology, Inc. (NASDAQ:MU) Ratings Coverage

Total analysts of 25 have positions in Micron (NASDAQ:MU) as follows: 20 rated it a “Buy”, 1 with “Sell” and 4 with “Hold”. The positive are 80%. The firm has $100.0 highest while $35 is the lowest price target. The average target $70.83 is 25.36% above the last ($56.5) price. Since November 27, 2017 according to StockzIntelligence Inc Micron has 54 analyst reports. On Monday, May 14 the firm has “Buy” rating by Evercore given. In Friday, March 23 report Mizuho maintained it with “Buy” rating and $7000 target. On Friday, March 23 Morgan Stanley maintained Micron Technology, Inc. (NASDAQ:MU) with “Overweight” rating. The stock rating was maintained by Morgan Stanley with “Overweight” on Tuesday, February 6. The stock rating was maintained by Citigroup with “Buy” on Tuesday, February 6. On Tuesday, November 28 the rating was maintained by Robert W. Baird with “Buy”. The stock rating was maintained by Credit Suisse with “Outperform” on Tuesday, March 20. On Friday, March 23 the stock of Micron Technology, Inc. (NASDAQ:MU) has “Hold” rating given by Citigroup. On Monday, March 12 the firm earned “Buy” rating by Nomura. On Tuesday, February 6 the rating was upgraded by Needham to “Buy”.

Micron Technology, Inc. provides semiconductor systems worldwide.The company has $65.53 billion market cap. The firm operates through four divisions: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit.The P/E ratio is 8.83. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, automotive and industrial applications, and computer memory upgrades; and hybrid memory cube semiconductor memory devices for use in networking and computing applications.

Micron Technology, Inc. (NASDAQ:MU) Institutional Investors Chart

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