Micron Technology Inc (NASDAQ:MU) Big Money Sentiment Index Crashed in Q1 2018 to 1.13

June 27, 2018 - By Robert Judd

Micron Technology, Inc. (NASDAQ:MU) Corporate Logo

“Big money” Positions

In Q1 2018 Micron Technology Inc (NASDAQ:MU) big money sentiment decreased to 1.13, SEC.gov filings reveal. So its down -0.11, from 2017Q4’s 1.24. 379 active investment managers started new or increased positions, while 334 cut down and sold stock positions in Micron Technology Inc so the sentiment has dropped. Funds own 846.69 million shares, down from 883.15 million shares in 2017Q4. Funds holding Micron Technology Inc in top 10 changed to 49 from 42 for an increase of 7. In total 52 funds closed positions, 282 reduced and 241 increased. Also 138 funds bought new Micron Technology Inc stakes.

Significant Micron Technology Inc Shareholders

Credit Capital Investments Llc owns 797,000 shares in Micron Technology Inc as of Q1 2018. As of Q1 2018, 717,957 shares of Micron Technology Inc are owned by Central Asset Investments & Management Holdings (Hk) Ltd. Furthermore, Ws Management Lllp reported 13.70 million shares in Micron Technology Inc equivalent to 18.86% of its US equity exposure. Donald Smith & Co. Inc. revealed 8.44 million shares position in Micron Technology Inc. The Cayman Islands-based fund Quantres Asset Management Ltd looks positive on Micron Technology Inc, owning 255,400 shares.

Micron Technology, Inc. provides semiconductor systems worldwide.The firm is valued at $63.00 billion. The firm operates through four divisions: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit.The P/E ratio is 5.45. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, automotive and industrial applications, and computer memory upgrades; and hybrid memory cube semiconductor memory devices for use in networking and computing applications.

MU is reaching $54.3199 during the last trading session, after decreased 0.49%.Micron Technology, Inc. has volume of 17.47 million shares. Since June 27, 2017 MU has risen 108.46% and is uptrending. The stock outperformed the S&P 500 by 95.89%.

Natl Asset Mngmt owns 0.19% invested in Micron Technology, Inc. (NASDAQ:MU) for 26,228 shs. Oakmont has 4.02% invested in Micron Technology, Inc. (NASDAQ:MU). 45,831 were reported by Moors And Cabot Inc. Blackrock Inc invested in 70.72 million shs. Royal State Bank Of Canada reported 0.08% stake. 11,500 are held by Hudson Bay Management Lp. Regent Investment Mngmt Ltd Liability Corporation has 50,890 shs for 0.9% of their capital. Boston Prtn reported 0% stake. 135,000 are owned by Seminole Management. Waddell And Reed Fincl owns 13.16M shs. Coastline reported 20,000 shs or 0.16% of all its holdings. 13,125 are owned by Saturna Corporation. Park National Oh reported 4,621 shs stake. Comml Bank Of Stockton invested in 10,568 shs. Menora Mivtachim Limited holds 520,950 shs or 0.86% of its capital.

Micron Technology, Inc. registered $9.36 million net activity with 0 buys and 15 insider sales since January 2, 2018. Another trade for 25,000 shs valued at $1.26M was made by JOHNSON MERCEDES on Monday, April 2. ARNZEN APRIL S also sold $31,814 worth of Micron Technology, Inc. (NASDAQ:MU) shs. Deboer Scott J also sold $1.54M worth of Micron Technology, Inc. (NASDAQ:MU) on Friday, May 25. Thorsen Steven L. JR sold $1.36 million worth of Micron Technology, Inc. (NASDAQ:MU) on Tuesday, May 8. $665,058 worth of stock was sold by Byrne Patrick J on Wednesday, May 2. Mondry Lawrence N had sold 50,000 shs worth $2.17 million.

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

In total 25 analysts cover Micron (NASDAQ:MU). “Buy” rating has 19, “Sell” are 0, while 6 are “Hold”. (NASDAQ:MU) has 76% bullish analysts. With $108 highest and $35 lowest PT, Micron has $75.79 average PT or 39.53% above the current ($54.3199) price. 61 are the (NASDAQ:MU)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Wednesday, January 10 the rating was maintained by J.P. Morgan with “Buy”. On Thursday, June 21 the rating was maintained by BMO Capital Markets with “Hold”. On Friday, March 16 Robert W. Baird maintained the shares of MU in report with “Buy” rating. On Thursday, January 11 the firm has “Buy” rating given by Goldman Sachs. In Tuesday, February 6 report Mizuho maintained the stock with “Buy” rating. On Monday, March 26 Argus Research maintained Micron Technology, Inc. (NASDAQ:MU) rating. Argus Research has “Buy” rating and $70 target. In Monday, May 14 report Evercore maintained it with “Buy” rating and $8000 target. On Friday, March 23 the stock of Micron Technology, Inc. (NASDAQ:MU) has “Overweight” rating given by Morgan Stanley. On Friday, March 23 KeyBanc Capital Markets maintained Micron Technology, Inc. (NASDAQ:MU) rating. KeyBanc Capital Markets has “Overweight” rating and $72 target. In Monday, March 26 report Bernstein maintained it with “Hold” rating and $6000 target.

For more Micron Technology, Inc. (NASDAQ:MU) news published recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Globenewswire.com or Investorplace.com. The titles are as follows: “Micron – Good Times Continue (For Now)” published on June 24, 2018, “Micron Technology: 2018 Target Prices” on June 13, 2018, “Micron: Higher Value Products Lead To Higher Valuations” with a publish date: June 25, 2018, “Micron Begins Volume Production of GDDR6 High Performance Memory” and the last “Monday’s Vital Data: Micron, Tesla and Amazon” with publication date: June 25, 2018.

Micron Technology, Inc. (NASDAQ:MU) Institutional Investors Chart

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