As Micron Technology INC (MU) Shares Rose, Bank Of The West Decreased Its Stake

June 27, 2018 - By Gwen Gough

Micron Technology, Inc. (NASDAQ:MU) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 1.13. That’s change of 0.11, from 2017Q4’s 1.24. 52 investors sold all, 282 reduced holdings as MU ratio dropped. 241 rose holdings while 138 funds bought holdings. Funds hold 846.69 million shares thus 4.13% less from 2017Q4’s 883.15 million shares. Pnc Services holds 471,778 shs or 0.02% of its capital. Bridgeway Management holds 2.67M shs. Moreover, Psagot House Ltd has 0.02% invested in Micron Technology, Inc. (NASDAQ:MU). Financial Advisers Limited Liability has 0.06% invested in Micron Technology, Inc. (NASDAQ:MU). Coastline Trust invested in 0.16% or 20,000 shs. Wealthfront invested 0.02% in Micron Technology, Inc. (NASDAQ:MU). Dubuque Bancorporation Tru holds 21 shs or 0% of its capital. 43,159 were accumulated by Lombard Odier Asset Mngmt (Switzerland). Guardian Mngmt holds 0.61% of its capital in Micron Technology, Inc. (NASDAQ:MU) for 10,900 shs. Jericho Capital Asset Mgmt LP owns 931,288 shs for 2.66% of their capital. Pittenger And Anderson invested in 300 shs or 0% of the stock. Point72 Asset Limited Partnership owns 277,000 shs or 0.06% of their US capital. Jw Asset Mgmt Limited Co has 41,000 shs for 2.11% of their capital. Alliancebernstein LP invested in 0.1% or 2.78M shs. Moreover, Syntal Cap Prtnrs Limited Liability Co has 0.31% invested in Micron Technology, Inc. (NASDAQ:MU).

MU registered $9.36 million net activity with 0 insider buys and 15 selling transactions since January 2, 2018. $1.26 million worth of Micron Technology, Inc. (NASDAQ:MU) was sold by JOHNSON MERCEDES. ARNZEN APRIL S sold $53,487 worth of stock. $151,496 worth of stock was sold by BAILEY ROBERT L on Monday, April 2. Shares for $1.36 million were sold by Thorsen Steven L. JR on Tuesday, May 8. Byrne Patrick J sold $665,058 worth of Micron Technology, Inc. (NASDAQ:MU) or 14,360 shs on Wednesday, May 2. Mondry Lawrence N sold 50,000 shs worth $2.17M.

Bank Of The West’s stake in Micron Technology Inc (MU) is reduced by 61.04% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock rose 27.87% while stock markets declined as Bank Of The West sold 60,743 shares. At the end of 2018Q1, the 38,778 shares of the technology company held by the institutional investor were valued at $2.02M, down from 99,521 at the end of the previous reported quarter. Bank Of The West has risen its stake in General Dynamics Corp (NYSE:GD) and also increased its holding in Ishares Tr (FLOT) by 131,238 shares in the quarter, for a total of 366,554 shares.

For more Micron Technology, Inc. (NASDAQ:MU) news announced recently go to: 247Wallst.com, Seekingalpha.com, Schaeffersresearch.com, Investorplace.com or Seekingalpha.com. The titles are as follows: “Major Semiconductors Scare Off Short Sellers” announced on June 27, 2018, “Analysts raise Micron price targets after earnings” on June 21, 2018, “China Trade Tensions Crush Micron Stock Options Bulls” with a publish date: June 25, 2018, “The Top 5 Semiconductor Stocks to Buy” and the last “Micron – Good Times Continue (For Now)” with publication date: June 24, 2018.

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

Total analysts of 25 have positions in Micron (NASDAQ:MU) as follows: 19 rated it a “Buy”, 0 with “Sell” and 6 with “Hold”. The positive are 76%. The firm has $108 highest while $35 is the lowest target. The average target $75.79 is 41.92% above the last ($53.403) price. Since January 10, 2018 according to StockzIntelligence Inc Micron has 61 analyst reports. On Thursday, June 21 Cowen & Co maintained Micron Technology, Inc. (NASDAQ:MU) with “Outperform” rating. On Thursday, May 31 Morgan Stanley downgraded Micron Technology, Inc. (NASDAQ:MU) to “Hold” rating. On Tuesday, March 6 the rating was maintained by Goldman Sachs with “Buy”. On Wednesday, February 21 the stock has “Buy” rating by Cowen & Co. In Friday, March 23 report JP Morgan maintained it with “Overweight” rating and $80 target. On Tuesday, February 6 the stock has “Buy” rating by Citigroup. On Friday, March 23 Stifel Nicolaus maintained the shares of MU in report with “Buy” rating. The stock rating was maintained by BMO Capital Markets with “Market Perform” on Wednesday, March 21. On Friday, March 23 the firm earned “Outperform” rating by Wells Fargo. On Wednesday, January 31 the rating was maintained by Wells Fargo with “Buy”.

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

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