Donald Smith & Company INC Decreased Stake in Micron Technology (MU)

May 3, 2018 - By Ronnie Lemelle

Micron Technology, Inc. (NASDAQ:MU) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 1.24. That’s change of 0.13, from 2017Q3’s 1.37. 49 investors sold all, 245 reduced holdings as MU ratio is negative. 239 rose positions while 126 funds amassed positions. Funds hold 883.15 million shares thus 0.40% less from 2017Q3’s 886.67 million shares. Louisiana State Employees Retirement Sys invested in 0.13% or 69,800 shs. Hudson Bay Cap Mngmt Ltd Partnership holds 0.03% or 32,500 shs. Stelliam Inv Mngmt Limited Partnership has invested 1.51% in Micron Technology, Inc. (NASDAQ:MU). Fuller Thaler Asset Mngmt has invested 0% in Micron Technology, Inc. (NASDAQ:MU). Hbk Sorce Advisory Ltd Liability Corp reported 8,732 shs. Teacher Retirement Systems Of Texas stated it has 0.22% of its capital in Micron Technology, Inc. (NASDAQ:MU). Cypress Funds Ltd invested in 6.65% or 935,000 shs. Bankshares Of Stockton owns 0.15% invested in Micron Technology, Inc. (NASDAQ:MU) for 8,943 shs. Highbridge Capital Limited Liability Com has 0.02% invested in Micron Technology, Inc. (NASDAQ:MU) for 26,735 shs. Bridgeway Capital Management Inc accumulated 1.33% or 3.01M shs. Moreover, Usca Ria has 0.1% invested in Micron Technology, Inc. (NASDAQ:MU) for 21,000 shs. Ipg Advsrs Limited Liability Corporation stated it has 0.53% of its capital in Micron Technology, Inc. (NASDAQ:MU). Nordea Investment Mngmt invested in 0.04% or 365,176 shs. D E Shaw & Co Inc has invested 0.11% in Micron Technology, Inc. (NASDAQ:MU). Glenmede Tru Na holds 0.03% of its capital in Micron Technology, Inc. (NASDAQ:MU) for 171,289 shs.

MU registered $5.48 million net activity with 0 insider purchases and 10 insider sales since January 2, 2018. 532 shs valued at $31,814 were sold by ARNZEN APRIL S on Thursday, March 15. Shares for $2.17M were sold by Mondry Lawrence N on Wednesday, February 14. Deboer Scott J had sold 13,695 shs worth $768,439. JOHNSON MERCEDES sold $1.26M worth of stock.

In Micron Technology (MU) was decreased the stake held by Donald Smith & Company Inc. The decrease is 10.74% according to 2017Q4 SEC form. The company’s stock rose 18.77% while stock markets declined as Donald Smith & Company Inc sold 1.30 million shares. At the end of 2017Q4, the institutional investor held 10.81M shares of the technology company, valued at $444.49 million, down from 12.11 million at the end of the previous reported quarter. $53.22 billion is the MC of Micron Technology. Ticker’s shares touched $45.89 during the last trading session after 1.92% change.Currently Micron Technology, Inc. is uptrending after 82.20% change in last May 3, 2017. MU has also 29.53 million shares volume. MU outperformed by 70.65% the S&P500.

According to a filing the Donald Smith & Company Inc’s stake in Sanmina Corporation (NASDAQ:SANM) was rose by 861,239 shares to 2.67M shares valued at $88.16M in 2017Q4. It manages about $6.25 billion and $4.14B US Long portfolio. For a total of 66.55 million shares it increased its holding in Yamana Gold (NYSE:AUY) by 2.61M shares in the quarter, and has risen its stake in Everest Re Group (NYSE:RE).

Investors expect Micron Technology, Inc. (NASDAQ:MU)’s quarterly earnings on July, 5., according to RTT. Last year’s EPS was $1.4, while now analysts expect change of 100.71 % up from current $2.81 EPS. This could be $3.26B profit for MU assuming the current $2.81 EPS will become reality. Analysts at Wall Street see Micron Technology, Inc.’s 0.36 % EPS growth compared to $2.80 EPS for last quarter.

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

In total 23 analysts cover Micron (NASDAQ:MU). “Buy” rating has 18, “Sell” are 1, while 4 are “Hold”. (NASDAQ:MU) has 78% bullish analysts. With $100.0 highest and $35 lowest PT, Micron has $69.95 average PT or 52.43% above the current ($45.89) price. 52 are the (NASDAQ:MU)’s ratings reports on May 3, 2018 according to StockzIntelligence Inc. On Tuesday, February 6 the company was upgraded by Needham. In Friday, March 23 report Morgan Stanley maintained it with “Overweight” rating and $65 target. The company rating was maintained by Nomura on Friday, December 15. On Friday, March 23 Mizuho maintained Micron Technology, Inc. (NASDAQ:MU) with “Buy” rating. In Wednesday, December 20 report KeyBanc Capital Markets maintained the stock with “Hold” rating. On Thursday, March 8 the stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given by Susquehanna. On Tuesday, March 20 the stock of Micron Technology, Inc. (NASDAQ:MU) has “Outperform” rating given by Credit Suisse. On Thursday, January 11 the firm has “Buy” rating by Goldman Sachs given. On Wednesday, February 21 the firm has “Buy” rating by Cowen & Co given. In Wednesday, December 20 report Wells Fargo maintained it with “Buy” rating and $54.0 target.

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

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