Micron Technology Inc (NASDAQ:MU): Negative Stock Sentiment at 1.13

June 27, 2018 - By Daniel Cummings

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

Positions for Micron Technology Inc (NASDAQ:MU)

In 2018 Q1 Micron Technology Inc (NASDAQ:MU) big money sentiment decreased to 1.13, revealed SEC filings. So its down -0.11, from 2017Q4’s 1.24. 379 hedge funds started new or increased positions, while 334 decreased and sold holdings in Micron Technology Inc so the sentiment has dropped. 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. 52 Investors Sold All; 282 Reduced Holdings; 241 increased stakes while 138 hedge funds bought stakes.

Most Micron Technology Inc Investors

As of 2018 Q1 Credit Capital Investments Llc has 39.3% invested in Micron Technology Inc. As of 2018 Q1, 717,957 shares of Micron Technology Inc are owned by Central Asset Investments & Management Holdings (Hk) Ltd. Furthermore, Ws Management Lllp reported 13.70 million shares in Micron Technology Inc equivalent to 18.86% of its US long stock exposure. Donald Smith & Co. Inc. revealed 8.44 million shares position in Micron Technology Inc. The Cayman Islands-based fund Quantres Asset Management Ltd holds 255,400 shares or 8.09% of their US long stock exposure.

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.5.45 is the P/E ratio. 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.Micron Technology, Inc. has volume of 17.47 million shares. Since June 27, 2017 MU has risen 108.46% and is uptrending. MU outperformed the S&P 500 by 95.89%.

Plante Moran Fincl Advsr Lc reported 0.29% of its capital in Micron Technology, Inc. (NASDAQ:MU). Nordea Invest Ab owns 361,479 shs or 0.05% of their US capital. 627,294 were accumulated by Stifel. Davenport And Communications Ltd Liability stated it has 15,748 shs or 0% of all its holdings. 24,000 are owned by Platinum Inv Mgmt Limited. Signaturefd Ltd stated it has 0.04% in Micron Technology, Inc. (NASDAQ:MU). Grp Incorporated One Trading Limited Partnership invested 0.26% in Micron Technology, Inc. (NASDAQ:MU). First Citizens Financial Bank And Co reported 26,551 shs. Crow Point Prtnrs Ltd Limited Liability Company stated it has 1,862 shs or 0.02% of all its holdings. Stratos Wealth Ltd has 0.06% invested in Micron Technology, Inc. (NASDAQ:MU). Citigroup Inc, a New York-based fund reported 1.63 million shs. Creative Planning reported 0.05% of its capital in Micron Technology, Inc. (NASDAQ:MU). Fmr Ltd Liability holds 0.17% or 26.92M shs. Cap Planning Advsr Ltd Liability Co has invested 0.08% in Micron Technology, Inc. (NASDAQ:MU). Tarbox Family Office reported 396 shs or 0.01% of all its holdings.

Micron Technology, Inc. had 15 sales and 0 insider buys since January 2, 2018. This’s net activity of $9.36 million. 3,000 shs were sold by BAILEY ROBERT L, worth $128,197 on Tuesday, January 2. $31,814 worth of Micron Technology, Inc. (NASDAQ:MU) was sold by ARNZEN APRIL S on Thursday, March 15. 14,360 Micron Technology, Inc. (NASDAQ:MU) shs with value of $665,058 were sold by Byrne Patrick J. JOHNSON MERCEDES also sold $1.26M worth of Micron Technology, Inc. (NASDAQ:MU) shs. $1.36M worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Thorsen Steven L. JR. The insider Mondry Lawrence N sold 50,000 shs worth $2.17 million.

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 price. 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 Friday, March 23 the firm has “Buy” rating given by Mizuho. On Wednesday, February 7 the stock has “Buy” rating by Goldman Sachs. On Friday, March 23 the company was maintained by JP Morgan. On Thursday, June 21 Robert W. Baird maintained Micron Technology, Inc. (NASDAQ:MU) with “Buy” rating. On Thursday, June 21 the stock of Micron Technology, Inc. (NASDAQ:MU) earned “Outperform” rating by Cowen & Co. In Tuesday, February 6 report Stifel Nicolaus maintained the stock with “Buy” rating. On Friday, March 23 the company was maintained by KeyBanc Capital Markets. The stock rating was maintained by Deutsche Bank with “Buy” on Tuesday, May 22. On Thursday, January 11 Goldman Sachs maintained Micron Technology, Inc. (NASDAQ:MU) with “Buy” rating. On Monday, March 12 the firm has “Buy” rating by Nomura given.

For more Micron Technology, Inc. (NASDAQ:MU) news brought out briefly go to: Seekingalpha.com, Seekingalpha.com, Investorplace.com, Globenewswire.com or Seekingalpha.com. The titles are as follows: “Micron’s Post-Earnings Drifts” brought out on June 25, 2018, “Analysts raise Micron price targets after earnings” on June 21, 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 “Micron: Pop Or Drop After Earnings?” with publication date: June 19, 2018.

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

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