Sells 3024 Shares of Micron Technology, Inc. (MU)

Micron Technology Inc
Analyst's Indicator Review for Micron Technology, Inc. (MU), Electronic Arts Inc. (EA)
Author

12 September, 2017

Considering that the stock daily volume of 31.01 million shares, this represents a pretty noteworthy trading in volume size. As of the last earnings report the EPS was $2.28 and is estimated to be $4.72 for the current year with 1,110,000,000 shares now outstanding. Moreover, Commonwealth Of Pennsylvania Public School Empls Retrmt Sys has 0.02% invested in Micron Technology, Inc. The stock rose 0.96% or $0.32 reaching $33.76. (NASDAQ:MU) by 42.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. It has outperformed by 159.57% the S&P500.

Trustco Bank Corp N Y increased General Electric Co (GE) stake by 8.53% reported in 2016Q4 SEC filing. The share price is now up 7.18% for the past three months. CG Asset Management LLC now owns 288,910 shares of the semiconductor manufacturer's stock valued at $5,137,000 after buying an additional 19,350 shares in the last quarter. General Electric Co now has $206.62 billion valuation. California Pub Employees Retirement Systems holds 2.61 million shares or 0.1% of its portfolio. WPX Energy Inc (NYSE:WPX) has risen 29.74% since September 12, 2016 and is uptrending. It has underperformed by 90.44% the S&P500. Sector Pension Invest Board reported 230,255 shares. 116 funds opened positions while 609 raised stakes. The Average Volume of the company is 28.86 Million, while the Volume of the company in the last trading session was 23.73 Billion. Bnp Paribas Arbitrage has 1.36M shares. Ramsay Stattman Vela And Price holds 0.31% or 20,578 shares. Jennison Ltd Liability accumulated 16,798 shares. (NASDAQ:MU). Private Asset Management holds 1.73% or 472,335 shares. 564,148 are owned by Whittier Trust Of Nevada Inc.

Covering sell-side analysts have recently weighed in on shares of Ford Motor Company (NYSE:F). Therefore 48% are positive.

Analysts await Micron Technology, Inc. Standpoint Research cut shares of Micron Technology from a "buy" rating to a "reduce" rating in a report on Wednesday, May 24th. It shows the cash a company is able to generate after spending the money need to maintain or grow its asset base. The firm has "Buy" rating by Citigroup given on Thursday, January 21. The rating was maintained by Citigroup with "Buy" on Tuesday, July 11. Argus Research has "Buy" rating and $26 target. The firm has "Neutral" rating given on Tuesday, February 16 by Nomura. Another trade for 100,000 shares valued at $2.81M was bought by IMMELT JEFFREY R.

Micron Technology, Inc., launched on April 6, 1984, is involved in semiconductor systems. Next quarter's EPS is forecasted at $1.78 and the next full year EPS is anticipated to be $6.14. MU's profit would be $1.92 billion giving it 4.86 P/E if the $1.72 EPS is correct.

Since March 27, 2017, it had 0 buys, and 10 insider sales for $8.28 million activity. 841.20 million shares or 0.23% more from 839.25 million shares in 2016Q3 were reported. The fund owned 25,164 shares of the semiconductor manufacturer's stock after selling 3,024 shares during the period. Short interest increased 1,083,299 over that period. Also, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction on Friday, September 1st. The insider Shirley Brian sold 50,581 shares worth $1.46 million. Finally, Morse Asset Management Inc purchased a new position in Micron Technology during the first quarter valued at approximately $9,382,000.

Investors sentiment increased to 1.08 in 2016 Q4. Its down 0.14, from 0.98 in 2016Q3.

Want to see what other hedge funds are holding MU?

These funds have shifted positions in (MU). Micron Technology had a negative net margin of 2.32% and a positive return on equity of 0.81%. (NASDAQ:MU) for 12,000 shares. Quantitative Systematic Strategies LLC increased its position in shares of Micron Technology by 0.7% during the second quarter. Ubs Asset Americas Inc reported 0.24% in Micron Technology, Inc. Pictet North America Advsr Sa stated it has 32,870 shares. Micron Technology, Inc.'s institutional ownership is 82.5%, while its institutional transactions stand at -0.55%. (NASDAQ:MU). Angelo Gordon And Com Limited Partnership has invested 0.78% in Micron Technology, Inc. Natixis holds 78,205 shares. Roundview Cap Lc has 50,250 shares. $30,750 worth of Micron Technology, Inc. On average, equities research analysts expect that Micron Technology, Inc. will post $4.72 EPS for the current year. This recommendation lands on a scale between 1 and 5. As per Wednesday, March 1, the company rating was upgraded by Goldman Sachs. Argus Research maintained Micron Technology, Inc. (NASDAQ:MU) rating on Wednesday, June 14. (NASDAQ:MU) has "Buy" rating given on Monday, August 14 by Stifel Nicolaus. Maxim Group maintained it with "Buy" rating and $15.0 target in Tuesday, December 15 report. On Wednesday, October 5 the stock rating was maintained by Barclays Capital with "Outperform". On Friday, June 30 the stock rating was maintained by KeyBanc Capital Markets with "Hold".

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