Micron Technology (NASDAQ:MU) Cut to Hold at Vetr

07 December, 2017, 07:11 | Author: Regina Silva

The company has 1.19 Billion shares outstanding and 1.1 Billion shares were floated in market. Amerigo Asset Management now owns 8,077,460 shares of the semiconductor manufacturer's stock valued at $241,193,000 after purchasing an additional 860,000 shares during the last quarter. (NASDAQ:MU)'s shares owned by insiders are 0.20%, whereas shares owned by institutional owners are 85.40%. Profund Advsrs Limited Liability Corporation has 295,201 shares for 0.4% of their portfolio. Norinchukin National Bank The holds 0.04% or 72,166 shares. The figure allows investors to understand how effectively Micron Technology, Inc.is able to convert its money into net income. Nomura Asset Mngmt Com Ltd owns 2.03M shares. It was reported on Dec, 5 by Barchart.com. Shine Investment Advisory Services Inc. purchased a new stake in shares of Micron Technology during the 2nd quarter worth about $141,000. (NASDAQ:MU). Suntrust Banks invested in 0.03% or 211,618 shares. Micron Technology, Inc. The firm has a market capitalization of $46,010.00, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. (NASDAQ:MU). Lombard Odier Asset Mgmt (Europe) Ltd holds 12,751 shares or 0.02% of its portfolio.

Micron Technology (NASDAQ:MU) opened at 30.70 on Wednesday. Wall Street experts also assign a $53.64 price target on Micron Technology, Inc., pointing towards a 30.16% rally from current levels. (NASDAQ:MU). Nwq Inv Management Commerce Llc accumulated 12,636 shares.

Avalon Global Asset Management Llc, which manages about $132.23 million and $179.11M US Long portfolio, upped its stake in Palo Alto Networks Inc (NYSE:PANW) by 35,310 shares to 60,310 shares, valued at $8.07 million in 2017Q2, according to the filing. The hedge fund held 66,000 shares of the technology company at the end of 2017Q2, valued at $1.97M, down from 248,560 at the end of the previous reported quarter. Avalon Global Asset Management Llc who had been investing in Micron Technology Inc (Put) for a number of months, seems to be less bullish one the $47.53 billion market cap company. (MU) escalated 3.28% and closed its last trading session at $41.21.

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A total of 56.47 Billion shares exchanged at hands and its average trading volume is standing at 37.21 Million shares. It is down 0.00% since December 5, 2016 and is. It has outperformed by 159.57% the S&P500. Krilogy Financial LLC raised its stake in shares of Micron Technology by 1,087.5% during the 2nd quarter. (NASDAQ:MU) to report earnings on December, 20. MU's profit will be $2.44B for 4.87 P/E if the $2.12 EPS becomes a reality. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.18. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Micron Technology by 0.5% during the second quarter. Cowen reissued a "buy" rating on shares of Micron Technology in a report on Thursday, August 10th. (NASDAQ:MU) were released by: Seekingalpha.com and their article: "Valuation And Pitch Of Micron Technology, Inc." published on November 27, 2017 as well as Seekingalpha.com's news article titled: "Micron Technology: "This Is Not The End" with publication date: December 01, 2017. Vetr raised Micron Technology from a "hold" rating to a "buy" rating and set a $50.20 target price for the company in a research report on Tuesday, November 21st. Zacks Investment Research lowered Micron Technology from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 28th. Therefore 83% are positive.

Micron Technology, Inc.is maintained at an average outperform rating by 31 stock analysts, and there are at least 4.87% of shares outstanding that are now legally short sold. Micron Technology presently has a consensus rating of Buy and an average target price of $48.20. Mizuho maintained Micron Technology, Inc. Eqis Capital Management Inc. now owns 11,904 shares of the semiconductor manufacturer's stock worth $355,000 after purchasing an additional 978 shares in the last quarter. Argus Research has "Buy" rating and $26 target. (NASDAQ:MU) has "Outperform" rating given on Wednesday, December 23 by Raymond James. Also, insider Joel L. Poppen sold 80,000 shares of Micron Technology stock in a transaction on Friday, September 29th. Janus Capital Management LLC now owns 5,573,883 shares of the semiconductor manufacturer's stock worth $161,085,000 after buying an additional 3,896,978 shares during the period. Drexel Hamilton downgraded the stock to "Hold" rating in Friday, August 7 report. Micron Technology's revenue for the quarter was up 90.8% compared to the same quarter previous year. (NASDAQ:MU) for 6,870 shares. Susquehanna has "Positive" rating and $18 target. Standpoint Research maintained Micron Technology, Inc. (NASDAQ:MU) on Friday, March 24 with "Buy" rating.

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