As Micron Technology INC (MU) Valuation Rose, Holder Alphaone Investment Services LLC Lowered Holding

January 23, 2018 - By Jan Rainey

Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.29, from 1.08 in 2017Q2. It is positive, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported. Amundi Pioneer Asset Management Incorporated holds 0.5% or 3.97 million shares. 3.37M are owned by Discovery Cap Management Ltd Liability Com Ct. Arrowstreet Cap Lp stated it has 18,200 shares. Menora Mivtachim Hldgs Ltd has 587,650 shares for 0.94% of their portfolio. Hodges Cap Mgmt has 0.78% invested in Micron Technology, Inc. (NASDAQ:MU) for 292,211 shares. Vestor holds 97,600 shares or 0.86% of its portfolio. Bluecrest Mngmt Limited holds 0.02% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 11,029 shares. 1832 Asset Ltd Partnership reported 0% in Micron Technology, Inc. (NASDAQ:MU). Moreover, Wellington Mgmt Group Llp has 0.18% invested in Micron Technology, Inc. (NASDAQ:MU) for 20.01M shares. Catalyst Cap Ltd Com reported 0.09% in Micron Technology, Inc. (NASDAQ:MU). Liberty Mutual Grp Asset reported 46,527 shares. Jag Ltd stated it has 2.89% in Micron Technology, Inc. (NASDAQ:MU). South Dakota-based South Dakota Inv Council has invested 0.05% in Micron Technology, Inc. (NASDAQ:MU). Commerzbank Aktiengesellschaft Fi owns 332,765 shares for 0.17% of their portfolio. Holderness Invests Company holds 0.16% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 7,600 shares.

Since August 1, 2017, it had 0 buys, and 14 insider sales for $12.71 million activity. Mondry Lawrence N sold $765,485 worth of stock. $4.53 million worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Thorsen Steven L. JR on Friday, September 29. The insider ARNZEN APRIL S sold $10,507. Shares for $97,910 were sold by BAILEY ROBERT L on Friday, September 1. Poppen Joel L also sold $3.09 million worth of Micron Technology, Inc. (NASDAQ:MU) on Friday, September 29.

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. Alphaone Investment Services Llc sold 302,400 shares as the company’s stock rose 19.14% with the market. The institutional investor held 235,100 shares of the technology company at the end of 2017Q3, valued at $9.25M, down from 537,500 at the end of the previous reported quarter. Alphaone Investment Services Llc who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $49.58 billion market cap company. The stock increased 0.30% or $0.13 during the last trading session, reaching $42.88. About 37.88M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since January 23, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Alphaone Investment Services Llc, which manages about $491.59M and $376.30 million US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 27,500 shares to 86,500 shares, valued at $14.78 million in 2017Q3, according to the filing.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron Technology: China” on January 22, 2018, also Investorplace.com with their article: “Micron Technology (MU) a Strong Buy on High-Level Industry Group Rank” published on January 22, 2018, Seekingalpha.com published: “Micron: Growth Company At A Value Price” on January 22, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Is Micron Technology The Cheapest Technology Stock?” published on January 17, 2018 as well as Fool.com‘s news article titled: “Why Micron Technology, Inc. Shares Rose 88% in 2017” with publication date: January 05, 2018.

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

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 35 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Micron Technology Inc. has $75.0 highest and $8 lowest target. $39.50’s average target is -7.88% below currents $42.88 stock price. Micron Technology Inc. had 206 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by BMO Capital Markets on Monday, October 9 to “Hold”. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, August 14. The rating was maintained by Mizuho with “Buy” on Friday, February 3. On Wednesday, September 27 the stock rating was maintained by Cowen & Co with “Buy”. The stock has “Neutral” rating by Mizuho on Tuesday, January 19. The company was maintained on Wednesday, September 27 by Morgan Stanley. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Overweight” rating given on Monday, March 28 by Barclays Capital. The firm earned “Outperform” rating on Wednesday, September 27 by Wells Fargo. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Citigroup on Wednesday, December 20. On Tuesday, November 28 the stock rating was maintained by Robert W. Baird with “Buy”.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: