Published: Sat, January 13, 2018
Business | By Tara Barton

Micron Technology Inc (NASDAQ:MU) Move as Institutional Investors' Sentiment Improved

Micron Technology Inc (NASDAQ:MU) Move as Institutional Investors' Sentiment Improved

The hedge fund run by Ross Margolies held 1.11M shares of the technology company at the end of 2017Q3, valued at $43.46M, down from 2.21 million at the end of the previous reported quarter.

Micron Technology, Inc. (MU) declined -1.13% yesterday to close its trading session at $42.82. It has outperformed by 159.57% the S&P500.

Virtus Investment Advisers Inc increased its stake in Franklin Res Inc (BEN) by 252.13% based on its latest 2017Q3 regulatory filing with the SEC. 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. Usa Financial Portformulas Corp who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $49.51 billion market cap company. The stock decreased 0.65% or $1.005 during the last trading session, reaching $153.155. MU comes in with a P/S ratio of 2.21 that's greater than 1, potentially implying that it could be expensive relative to the overall sector (2.77) and its peers (26.23). Franklin Resources, Inc. (NYSE:BEN) has risen 19.40% since January 12, 2017 and is uptrending. It has underperformed by 33.01% the S&P500.

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Dupont Capital Management Corp decreased its stake in Micron Technology Inc (MU) by 16.9% based on its latest 2017Q3 regulatory filing with the SEC. Citigroup set a $45.00 target price on shares of Micron Technology and gave the stock a "buy" rating in a research report on Tuesday, August 29th. Therefore 83% are positive. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Nomura maintained Micron Technology, Inc. Credit Suisse Group reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Micron Technology in a report on Monday, December 19th. The firm has "Buy" rating given on Thursday, October 12 by Barclays Capital. Artemis Invest Management Ltd Liability Partnership has invested 1.43% in Micron Technology, Inc. Jacobi Capital Management LLC increased its position in Micron Technology by 368.8% during the 3rd quarter. The rating was initiated by William Blair on Tuesday, August 11 with "Outperform". As per Friday, September 22, the company rating was maintained by J.P. Morgan. Goldman Sachs accumulated 1.15M shares. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer's stock worth $115,000 after purchasing an additional 1,252 shares in the last quarter.

Since January 1, 0001, it had 0 insider buys, and 14 selling transactions for $12.71 million activity. At present, 0 analysts recommended Holding these shares while 1 recommended sell, according to FactSet data. (NASDAQ:MU) Cheap From Peers? On Wednesday, August 16 Mondry Lawrence N sold $765,485 worth of Micron Technology, Inc. Swiss National Bank increased its holdings in Micron Technology by 1.3% during the third quarter. To see the ratio analysis, the debt to equity ratio appeared as 0.40 for seeing its liquidity position. It improved, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. The investment managers in our partner's database reported: 886.67 million shares, up from 832.79 million shares in 2017Q2. Hightower Advsr Lc reported 226,313 shares. (NASDAQ:MU) news were published by: Fool.com which released: "Here's Why The Worst Is Yet to Come for Micron Technology, Inc." on December 30, 2017, also Seekingalpha.com with their article: "Is It Too Late To Buy Micron?" published on January 02, 2018, Seekingalpha.com published: "Micron Technology: Ragtop Redux" on January 04, 2018. (NASDAQ:MU). Messner & Smith Theme Value Ca reported 39,559 shares. Zacks Investment Research cut Micron Technology from a strong-buy rating to a hold rating in a report on Tuesday, November 28th. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer's stock valued at $142,000 after purchasing an additional 4,350 shares in the last quarter. (NASDAQ:MU). Ajo LP holds 0.4% or 2.33M shares. 13,205 were accumulated by Stratos Wealth Prns. Inc., a New York-based fund reported 12.11 million shares.#img1#. BAILEY ROBERT L also sold $97,910 worth of Micron Technology, Inc.

Micron Technology, Inc. has a 12 month low of $9.35 and a 12 month high of $25.31. The semiconductor manufacturer reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.60. Camelot Portfolios Ltd Liability Co reported 22,911 shares or 0.2% of all its holdings. The insider Poppen Joel L sold $3.09M. Therefore 92% are positive. Energy Transfer Partners had 64 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has "Outperform" rating by RBC Capital Markets given on Monday, January 25. (NYSE:BEN) has "Hold" rating given on Thursday, December 21 by Keefe Bruyette & Woods. Robert W. Baird has "Neutral" rating and $90 target. The firm has "Positive" rating given on Tuesday, August 8 by Susquehanna. The rating was upgraded by Needham to "Buy" on Thursday, December 22. The stock of Franklin Resources, Inc. (NYSE:COL) earned "Hold" rating by Jefferies on Monday, January 8. As per Tuesday, March 15, the company rating was downgraded by Bank of America.

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