November 25, 2016 - By Adrian Mccoy · 0 Comments
Micron Technology Inc (NASDAQ:MU) institutional sentiment decreased to 0.98 in Q2 2016. Its down -0.18, from 1.16 in 2016Q1. The ratio has dropped, as 284 active investment managers opened new and increased equity positions, while 245 sold and trimmed stakes in Micron Technology Inc. The active investment managers in our partner’s database now own: 806.79 million shares, down from 813.86 million shares in 2016Q1. Also, the number of active investment managers holding Micron Technology Inc in their top 10 equity positions increased from 7 to 10 for an increase of 3. Sold All: 60 Reduced: 185 Increased: 189 New Position: 95.
Micron Technology, Inc. is engaged in semiconductor systems. The company has a market cap of $20.85 billion. The Company’s portfolio of memory technologies, including dynamic random-access memory , negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. It currently has negative earnings.
About 555,276 shares traded hands. Micron Technology, Inc. (NASDAQ:MU) has risen 86.77% since April 22, 2016 and is uptrending. It has outperformed by 81.36% the S&P500.
Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on December, 27. They expect $0.18 earnings per share, down 25.00% or $0.06 from last year’s $0.24 per share. MU’s profit will be $189.06M for 27.58 P/E if the $0.18 EPS becomes a reality. After $-0.05 actual earnings per share reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts -460.00% EPS growth.
According to Zacks Investment Research, “Micron Technology, Inc. has established itself as one of the leading worldwide providers of semiconductor memory solutions. The company’s quality memory solutions serve customers in a variety of industries including computer and computer-peripheral manufacturing, consumer electronics, CAD/CAM, telecommunications, office automation, network and data processing, and graphics display. The company’s mission is to be the most efficient and innovative global provider of semiconductor memory solutions.”
Credit Capital Investments Llc holds 14.86% of its portfolio in Micron Technology, Inc. for 10.53 million shares. Dalton Investments Llc owns 1.42 million shares or 7.9% of their US portfolio. Moreover, Donald Smith & Co. Inc. has 5.67% invested in the company for 15.25 million shares. The United Kingdom-based Majedie Asset Management Ltd has invested 5.58% in the stock. Gibraltar Capital Management Inc., a Oklahoma-based fund reported 217,520 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 8 selling transactions for $5.64 million net activity.
Ratings analysis reveals 73% of Micron Technology Inc.’s analysts are positive. Out of 33 Wall Street analysts rating Micron Technology Inc., 24 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $8 while the high is $33. The stock’s average target of $20 is 0.76% above today’s ($19.85) share price. MU was included in 101 notes of analysts from July 29, 2015. As per Monday, March 21, the company rating was maintained by Deutsche Bank. The firm earned “Buy” rating on Tuesday, September 29 by Stifel Nicolaus. The company was initiated on Friday, April 15 by Brean Capital. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Hold” rating by Drexel Hamilton on Friday, August 7. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, June 8 report. On Tuesday, February 16 the stock rating was upgraded by Mizuho to “Buy”. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Neutral” rating given on Friday, October 2 by Wedbush. The stock has “Buy” rating given by Deutsche Bank on Monday, August 29. The firm has “Neutral” rating by Mizuho given on Friday, August 7. On Tuesday, March 29 the stock rating was downgraded by Needham to “Underperform”.
Micron Technology, Inc., incorporated on April 6, 1984, is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. The Company’s business divisions include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets. The Company’s memory solutions enable computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications. The Firm markets its products through internal sales force, independent sales representatives and distributors primarily to original equipment manufacturers (OEMs) and retailers located around the world.
More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Forbes.com which released: “Micron Technology Reaches Analyst Target Price” on November 22, 2016, also Fool.com with their article: “Better Buy: Micron Technology, Inc. vs. Samsung” published on November 17, 2016, Investorplace.com published: “Micron Technology, Inc. (MU) Stock Breakout Demands a Buy” on November 18, 2016. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Fool.com and their article: “Better Buy: Micron Technology, Inc. vs. Intel Corp.” published on October 29, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Micron Technology Inc says, on November 18, 2016, Co’s unit entered …” with publication date: November 18, 2016.
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By Adrian Mccoy