Capital Growth Management LP Has Cut Micron Technology INC (MU) Stake by $5.46 Million as Valuation Rose

March 22, 2018 - By Winifred Garcia

Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.29, from 1.08 in 2017Q2. It increased, 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. Alpine Glob Mgmt Lc holds 0.09% or 8,120 shares. Wealthfront owns 38,214 shares for 0.02% of their portfolio. Voya Investment Mgmt Limited Company accumulated 479,804 shares. Fruth Investment holds 0.43% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 23,876 shares. Nj State Employees Deferred Compensation Plan owns 30,000 shares. Huntington Fincl Bank reported 0% in Micron Technology, Inc. (NASDAQ:MU). Jw Asset Mngmt Limited Liability Company owns 41,000 shares. Plante Moran Advsr Limited Liability holds 0.01% in Micron Technology, Inc. (NASDAQ:MU) or 283 shares. Two Sigma Ltd Liability owns 31,645 shares or 0.11% of their US portfolio. Fred Alger Mgmt invested 0.56% in Micron Technology, Inc. (NASDAQ:MU). Hbk Sorce Advisory Limited Liability Corp invested 0.05% in Micron Technology, Inc. (NASDAQ:MU). Leuthold Grp Incorporated stated it has 0.14% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Dowling & Yahnke, California-based fund reported 27,526 shares. Sei reported 0.22% in Micron Technology, Inc. (NASDAQ:MU). Brinker Capital holds 0.05% or 29,671 shares in its portfolio.

Since September 28, 2017, it had 0 insider buys, and 13 sales for $13.52 million activity. ARNZEN APRIL S sold $53,487 worth of stock. BAILEY ROBERT L sold 3,000 shares worth $119,583. Mondry Lawrence N sold 50,000 shares worth $2.17M. Poppen Joel L sold 80,000 shares worth $3.09M. Another trade for 118,944 shares valued at $4.53M was sold by Thorsen Steven L. JR.

Ken Heebner decreased its stake in Micron Technology Inc (MU) by 6.22% based on its latest 2017Q3 regulatory filing with the SEC. Capital Growth Management Lp sold 140,000 shares as the company’s stock rose 19.14% with the market. The hedge fund run by Ken Heebner held 2.11 million shares of the technology company at the end of 2017Q3, valued at $82.99 million, down from 2.25 million at the end of the previous reported quarter. Capital Growth Management Lp who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $70.62 billion market cap company. The stock decreased 0.13% or $0.08 during the last trading session, reaching $61.07. About 51.22 million shares traded or 5.01% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since March 22, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Capital Growth Management Lp, which manages about $2.29 billion US Long portfolio, upped its stake in Applied Matls Inc (NASDAQ:AMAT) by 380,000 shares to 1.15M shares, valued at $59.90 million in 2017Q3, according to the filing. It also increased its holding in Lgi Homes Inc (NASDAQ:LGIH) by 250,000 shares in the quarter, for a total of 470,000 shares, and has risen its stake in Schwab Charles Corp New (NYSE:SCHW).

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

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 36 have Buy rating, 0 Sell and 6 Hold. Therefore 86% are positive. Micron Technology Inc. has $100.0 highest and $8 lowest target. $45.27’s average target is -25.87% below currents $61.07 stock price. Micron Technology Inc. had 225 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Mizuho given on Thursday, August 17. Citigroup initiated the stock with “Buy” rating in Wednesday, December 7 report. The rating was maintained by Mizuho with “Buy” on Tuesday, August 25. The firm has “Buy” rating by Credit Suisse given on Wednesday, September 27. Robert W. Baird maintained Micron Technology, Inc. (NASDAQ:MU) rating on Friday, March 16. Robert W. Baird has “Buy” rating and $100.0 target. The rating was maintained by Mizuho with “Buy” on Thursday, October 12. The firm earned “Buy” rating on Tuesday, May 30 by J.P. Morgan. Wells Fargo maintained Micron Technology, Inc. (NASDAQ:MU) on Monday, July 31 with “Buy” rating. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Tuesday, September 5 by Credit Suisse. On Tuesday, February 6 the stock rating was maintained by Mizuho with “Buy”.

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