Micron Technology (NASDAQ:MU) PT Raised to $53.00


Technologies>Embedded Revolution Intel Cuts Ties with Micron over Flash Memory Manufacturing James Morra 1 | Jan 12 2018

The institutional investor held 369,168 shares of the consumer services company at the end of 2017Q3, valued at $7.48M, up from 351,547 at the end of the previous reported quarter. The company has a quick ratio of 1.83, a current ratio of 2.39 and a debt-to-equity ratio of 0.33. About 20,590 shares traded. Snap-on Incorporated (NYSE:SNA) has risen 2.47% since January 13, 2017 and is uptrending. It has underperformed by 7.29% the S&P500.

Alphaone Investment Services Llc decreased its stake in Micron Technology Inc (MU) by 56.26% based on its latest 2017Q3 regulatory filing with the SEC. Central Asset Investments & Management Holdings Hk Ltd bought 643,100 shares as the company's stock rose 19.14% with the market. Stelliam Investment Management Lp who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $49.79B market cap company.

The stock increased 4.50% or $0.96 during the last trading session, reaching $22.28. About 28.46 million shares traded. It has outperformed by 40.07% the S&P500.

Fny Managed Accounts Limited Liability Corporation holds 28,620 shares or 1.47% of its portfolio. During the same period last year, the business earned $0.32 earnings per share. equities analysts forecast that Micron Technology will post 9.78 earnings per share for the current year. Goldman Sachs Group set a $43.00 target price on Micron Technology and gave the stock a "buy" rating in a report on Thursday. Needham maintained it with "Buy" rating and $5000 target in Thursday, June 8 report.

More recent Rapid7, Inc. (NASDAQ:MU) has "Outperform" rating given on Wednesday, December 23 by Cowen & Co. The rating was initiated by Rosenblatt on Friday, August 26 with "Buy". According to the major options exchanges, the predominant activity at this strike was of the buy-to-open kind, indicating options traders are banking on Micron stock to resume its quest for fresh highs in the coming months. The firm has "Buy" rating given on Friday, July 14 by Northland Capital. The firm has "Buy" rating given on Tuesday, August 29 by J.P. Morgan. The rating was maintained by Evercore on Thursday, March 31 with "Buy". The semiconductor manufacturer reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.60. Robert W. Baird maintained Micron Technology, Inc.

Investors sentiment increased to 1.37 in Q3 2017. The company has a market capitalization of $49,500.00, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 0.44 and a beta of 1.75. Finally, Neuberger Berman Group LLC increased its holdings in shares of Micron Technology by 66.1% during the 2nd quarter. 114 funds opened positions while 237 raised stakes. This nets out to an increase of 6.89 million shares and is a bullish sign for MU. Kentucky-based Kentucky Retirement Insur Trust Fund has invested 0.19% in Micron Technology, Inc. (NASDAQ:MU). Da Davidson Com holds 30,175 shares or 0.02% of its portfolio. Micron Technology's quarterly revenue was up 71.4% on a year-over-year basis. (NASDAQ:MU) has also struggled lately, on track to shed 8.4% this week. Synovus Finance holds 0.05% or 68,890 shares. (NASDAQ:MU). Us Bancorp De reported 0% stake. Stifel Nicolaus maintained Micron Technology, Inc. (NASDAQ:MU) or 17,330 shares. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Micron Technology by 1.5% during the 3rd quarter. Enterprise Svcs Corporation accumulated 115 shares. Walter And Keenan Consulting Mi Adv reported 17,570 shares. Tokio Marine Asset Management Ltd accumulated 9,423 shares. Franklin Resource owns 21,748 shares or 0% of their USA portfolio. Central Asset Investments & Management Holdings (Hk) Ltd owns 1.01 million shares or 27.42% of their USA portfolio. Loop Capital maintained Micron Technology, Inc. (NASDAQ:MU). Canada Pension Plan Board stated it has 1.43 million shares.

Since August 1, 2017, it had 0 insider buys, and 14 insider sales for $12.71 million activity.

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In other Micron Technology news, VP Brian Shirley sold 90,014 shares of the stock in a transaction that occurred on Tuesday, October 4th. The insider Deboer Scott J sold $1.26 million.

GoDaddy Inc. designs and develops cloud technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The insider Poppen Joel L sold $3.09M. Shares for $765,485 were sold by Mondry Lawrence N on Wednesday, August 16. (NASDAQ:MU) rating on Thursday, March 31.

Gargoyle Investment Advisor Llc, which manages about $353.70 million and $272.32M US Long portfolio, upped its stake in Smucker J M Co (NYSE:SJM) by 3,100 shares to 20,948 shares, valued at $2.20 million in 2017Q3, according to the filing. Pictet Asset Mngmt Ltd holds 0.04% or 306,769 shares.

Analysts await Snap-on Incorporated (NYSE:SNA) to report earnings on February, 1. With an institutional ownership near 92.5%, it carries an earnings per share ratio of -0.58. COL's profit will be $255.40M for 22.02 P/E if the $1.56 EPS becomes a reality.

Among 21 analysts covering Energy Transfer Partners (NYSE:ETP), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. On Wednesday, September 2 the stock rating was initiated by Citigroup with "Neutral". 3 of them rate its stock a hold. (NASDAQ:MU) on Tuesday, August 16 with "Buy" rating. The rating was downgraded by Standpoint Research to "Hold" on Tuesday, November 28. (NYSE:COL) has "Hold" rating given on Tuesday, October 25 by Canaccord Genuity. Jefferies has "Hold" rating and $17500 target. Oppenheimer maintained GoDaddy Inc. (NYSE:GDDY) has "Buy" rating given on Friday, August 7 by Barclays Capital.

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