Dalton Investments LLC Decreased Micron Technology INC (MU) Stake

April 20, 2018 - By Andre Harris

Micron Technology, Inc. (NASDAQ:MU) Corporate LogoBig Money Sentiment decreased to 1.24 in 2017 Q4. It has change of 0.13, from 2017Q3’s 1.37. The ratio dropped due to MU positioning: 49 sold and 245 reduced. 126 funds acquired stakes and 239 increased stakes. Investors holded 886.67 million in 2017Q3 but now own 883.15 million shares or 0.40% less. Bokf Na has invested 0.14% in Micron Technology, Inc. (NASDAQ:MU). Qs Invsts Ltd reported 87,777 shs or 0.03% of all its holdings. Coldstream Capital Mngmt invested in 15,832 shs or 0.07% of the stock. One Trading Limited Partnership owns 2.13 million shs. Overbrook Corp owns 505,869 shs. Ontario – Canada-based Mackenzie has invested 0% in Micron Technology, Inc. (NASDAQ:MU). Ledyard Bank & Trust reported 0% of its capital in Micron Technology, Inc. (NASDAQ:MU). Moreover, Principal Financial Group Inc Inc has 0.07% invested in Micron Technology, Inc. (NASDAQ:MU) for 1.74M shs. York Management Global Advsrs Limited reported 0.19% of its capital in Micron Technology, Inc. (NASDAQ:MU). Exxonmobil Inc Tx owns 183,373 shs or 0.21% of their US capital. Prudential Fincl owns 0.11% invested in Micron Technology, Inc. (NASDAQ:MU) for 1.91M shs. Keybank Association Oh reported 21,149 shs. Central Asset Invests & Mngmt Holdings (Hk) holds 21.89% or 648,457 shs in its capital. Lmr Prns Ltd Liability Partnership owns 48,783 shs for 0.21% of their capital. Bancorporation Of Ny Mellon Corp holds 14.01 million shs or 0.15% of its capital.

MU had 10 selling transactions and 0 insider buys since January 2, 2018. This’s net activity of $5.48 million. BAILEY ROBERT L sold $129,520 worth of Micron Technology, Inc. (NASDAQ:MU) on Thursday, February 1. Shares for $638,380 were sold by Deboer Scott J. On Monday, April 2 $1.26M worth of stock was sold by JOHNSON MERCEDES. On Wednesday, February 14 Mondry Lawrence N sold $2.17M worth of Micron Technology, Inc. (NASDAQ:MU).

Based on the latest 2017Q4 regulatory filing with the SEC, Gifford Combs decreased its holdings in Micron Technology Inc (MU) by 41.36%. By selling 198,483 shares Dalton Investments Llc made the stock popped up with 18.77%. The hedge fund run by Gifford Combs is holding 281,353 shares, compared to the 479,836 from the previous quarter. And the reported value of the technology company is $11.57 million for the 2017Q4. Micron Technology Inc has $59.38B market cap. Ticker’s shares touched $51.2 during the last trading session after 0.43% change.Currently Micron Technology, Inc. is uptrending after 82.20% change in last April 20, 2017. MU has also 9.25M shares volume. MU outperformed the S&P500 by 70.65%.

Dalton Investments Llc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Micron Technology, Inc. (NASDAQ:MU)’s earnings report is awaited by WallStreet on July, 5, according to Faxor. Analysts forecast $2.81 EPS, which is $1.41 up or 100.71 % from 2017’s $1.4 EPS. In case of $2.81 EPS MU’s profit could hit $3.26 billion. Last quarter $2.80 EPS was reported. Analysts forecasts 0.36 % EPS growth this quarter.

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

In total 23 analysts cover Micron (NASDAQ:MU). “Buy” rating has 18, “Sell” are 1, while 4 are “Hold”. (NASDAQ:MU) has 78% bullish analysts. With $100.0 highest and $35 lowest target, Micron has $69.95 average target or 36.62% above the current ($51.2) price. 55 are the (NASDAQ:MU)’s ratings reports on Apr 20, 2018 according to StockzIntelligence Inc. In Tuesday, November 28 report Robert W. Baird maintained it with “Buy” rating and $60.0 target. On Wednesday, January 10 the stock has “Buy” rating by J.P. Morgan. On Tuesday, November 28 the rating was downgraded by Standpoint Research to “Hold”. On Friday, March 23 the rating was maintained by KeyBanc Capital Markets with “Overweight”. In Monday, December 18 report Rosenblatt maintained it with “Buy” rating and $75.0 target. On Monday, March 19 the stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Deutsche Bank. The company rating was maintained by M Partners on Monday, March 26. On Wednesday, March 21 the rating was maintained by BMO Capital Markets with “Market Perform”. On Thursday, March 22 Cowen & Co maintained Micron Technology, Inc. (NASDAQ:MU) with “Buy” rating. In Friday, March 16 report Robert W. Baird maintained the stock with “Buy” rating.

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

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