Micron Technology Inc Sentiment Worsening on Bad Stock Potential, Now at 1.13

June 27, 2018 - By Loretta Love

Micron Technology, Inc. (NASDAQ:MU) Corporate Logo

Positions for Micron Technology Inc (NASDAQ:MU)

In Q1 2018 Micron Technology Inc (NASDAQ:MU) big money sentiment decreased to 1.13, according to SEC.gov filings. So its down -0.11, from 2017Q4’s 1.24. 379 hedge funds started new and increased stock positions, while 334 sold and decreased their stock positions in Micron Technology Inc so the sentiment turned negative. These funds own 846.69 million shares, that’s down from 883.15 million shares in 2017Q4. Funds holding Micron Technology Inc in top 10 increased from 42 to 49 for an increase of 7. In total 52 funds closed positions, 282 reduced and 241 increased. Also 138 funds bought new Micron Technology Inc stakes.

Largest Micron Technology Inc Shareholders

As of Q1 2018 Credit Capital Investments Llc has 39.3% invested in Micron Technology Inc. As of Q1 2018, 717,957 shares of Micron Technology Inc are owned by Central Asset Investments & Management Holdings (Hk) Ltd. Ws Management Lllp reported 13.70 million shares. Donald Smith & Co. Inc. revealed 8.44 million shares position in Micron Technology Inc. The Cayman Islands-based fund Quantres Asset Management Ltd looks positive on Micron Technology Inc, having 255,400 shares.

Micron Technology, Inc. provides semiconductor systems worldwide.The firm is valued at $63.00 billion. 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 5.45. 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.

MU hit $54.3199 during the last trading session after $0.2701 change.Currently Micron Technology, Inc. is uptrending after 108.46% change in last June 27, 2017. MU has also 17.47M shares volume. The stock outperformed the S&P 500 by 95.89%.

Amundi Pioneer Asset Mngmt invested in 6.08 million shs. Susquehanna International Group Limited Liability Partnership owns 9.26 million shs. Guggenheim Capital Limited Liability Corporation stated it has 2.06M shs or 0.26% of all its holdings. Caxton Assoc Limited Partnership stated it has 0.33% of its capital in Micron Technology, Inc. (NASDAQ:MU). Daiwa Sb Invests Limited accumulated 560 shs. Ci Investments Inc holds 2.86% or 4.77 million shs in its capital. 6,369 were reported by Barrett Asset Management Limited Liability Co. Aqr Mngmt Llc accumulated 1.07% or 19.07 million shs. Mason Street Advsr Limited invested in 161,072 shs or 0.2% of the stock. Td Asset Mngmt holds 396,740 shs. Fukoku Mutual Life Insur has 4,100 shs for 0.03% of their capital. Hap Trading Ltd Llc invested in 44,924 shs or 0.12% of the stock. Prudential Fincl accumulated 1.82 million shs. Tortoise Capital Advsr Ltd Limited Liability Company reported 12 shs. Bankshares Of Montreal Can holds 0.23% of its capital in Micron Technology, Inc. (NASDAQ:MU) for 4.97M shs.

Micron Technology, Inc. had 15 sales and 0 insider purchases since January 2, 2018. This’s net activity of $9.36 million. Another trade for 14,360 shs valued at $665,058 was made by Byrne Patrick J on Wednesday, May 2. BAILEY ROBERT L had sold 3,000 shs worth $144,003 on Thursday, March 1. JOHNSON MERCEDES sold $1.26M worth of Micron Technology, Inc. (NASDAQ:MU) on Monday, April 2. 50,000 shs valued at $2.17M were sold by Mondry Lawrence N on Wednesday, February 14. 1,222 shs were sold by ARNZEN APRIL S, worth $53,487. On Tuesday, May 8 $1.36 million worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Thorsen Steven L. JR.

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 price target. The average target $75.79 is 39.53% above the last ($54.3199) price. Since January 10, 2018 according to StockzIntelligence Inc Micron has 61 analyst reports. On Tuesday, March 20 the firm earned “Outperform” rating by Credit Suisse. On Monday, May 14 the firm has “Buy” rating by Evercore given. The company rating was maintained by Wells Fargo on Friday, March 23. On Tuesday, February 6 the firm has “Buy” rating given by Stifel Nicolaus. On Thursday, January 11 the stock has “Buy” rating by Goldman Sachs. On Thursday, June 21 the company was maintained by Needham. In Tuesday, May 22 report Nomura maintained it with “Buy” rating and $10000 target. On Thursday, June 21 the rating was maintained by Stifel Nicolaus with “Buy”. On Tuesday, February 6 the stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given by Needham. In Tuesday, January 16 report Mizuho maintained the stock with “Buy” rating.

For more Micron Technology, Inc. (NASDAQ:MU) news released briefly go to: Seekingalpha.com, Seekingalpha.com, Investorplace.com, Globenewswire.com or 247Wallst.com. The titles are as follows: “Micron: Higher Value Products Lead To Higher Valuations” released on June 25, 2018, “Micron Technology: 2018 Target Prices” on June 13, 2018, “The Top 5 Semiconductor Stocks to Buy” with a publish date: June 25, 2018, “Micron Begins Volume Production of GDDR6 High Performance Memory” and the last “Major Semiconductors Scare Off Short Sellers” with publication date: June 27, 2018.

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

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