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

13 January 2018

During the same quarter a year ago, the firm posted $0.24 earnings per share. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. The latest exchange of 0.87 Million shares is below its average trading activity of 424.85 Million shares.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, December 19th. It has outperformed by 14.83% the S&P500.

Micron Technology, Inc. (MU) pulled off a 0.79 percent gain and now trades for $43.31. Zacks Investment Research cut Micron Technology from a strong-buy rating to a hold rating in a report on Tuesday, November 28th. The Lmm Llc holds 15,000 shares with $590,000 value, down from 25,000 last quarter. 16,950 Micron Technology, Inc. The stock decreased 0.40% or $0.55 during the last trading session, reaching $137.4.

Micron Technology Inc (NASDAQ:MU) institutional sentiment increased to 1.37 in Q3 2017. It has outperformed by 159.57% the S&P500. After a recent check, the 14-day RSIfor AT&T Inc (T) is now at 44.16, the 7-day stands at 35.25, and the 3-day is sitting at 38.08. The stock has a market capitalization of $49,510.00, a price-to-earnings ratio of 6.74, a P/E/G ratio of 0.47 and a beta of 1.75.

Price-to-Earnings Ratio is the current share price divided by annual earnings per share. The firm also provides incident detection and response solutions, such as InsightIDR, a cloud based offering for incident detection and response; Managed Detection and Response, a managed service, which provides clients with attacker behavior analytics, machine learning algorithms, and threat intelligence to hunt attackers; and incident response services that provide clients with access to security experts and experience. (NASDAQ:MU) on Wednesday, May 31 with "Buy" rating. Therefore 48% are positive. Rapid7 had 32 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Thursday, October 12 by Barclays Capital. Loop Capital maintained it with "Buy" rating and $46 target in Thursday, September 21 report. JPMorgan Chase & Co. restated a "buy" rating on shares of Micron Technology in a research report on Tuesday, August 29th. (NYSE:BEN) has "Neutral" rating given on Friday, June 9 by Citigroup. The firm has "Buy" rating given on Friday, April 15 by Brean Capital. As per Wednesday, October 5, the company rating was maintained by Credit Suisse. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock.

The Stock now has Analyst' mean Recommendation of 1.8 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

Longbow Research reissued a "buy" rating and issued a $50.00 target price (up previously from $42.00) on shares of Micron Technology in a report on Wednesday, September 27th. Therefore 83% are positive. Rockwell Collins had 70 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has "Market Perform" rating by Cowen & Co given on Monday, September 28. The company was maintained on Friday, March 24 by Deutsche Bank. (NYSE:COL) earned "Hold" rating by Jefferies on Monday, January 8. 3 of them rate its stock a hold.

Is Micron Technology, Inc. The rating was downgraded by Nomura to "Reduce" on Monday, March 7. (NASDAQ:MU) for 40,834 shares. It also upped Frontier Communications Corp stake by 125,000 shares and now owns 163,000 shares. Symantec Corp (NASDAQ:SYMC) was reduced too. KR trades with a P/S ratio of 0.21. 114 funds opened positions while 237 raised stakes. The investment professionals in our partner's database now own: 886.67 million shares, up from 832.79 million shares in 2017Q2. Pinnacle Assocs holds 157,745 shares. Credit Agricole S A owns 1.56M shares or 0.21% of their USA portfolio. The institutional investor held 3.97M shares of the technology company at the end of 2017Q3, valued at $156.14M, up from 2.59 million at the end of the previous reported quarter. The company has a current ratio of 2.39, a quick ratio of 1.83 and a debt-to-equity ratio of 0.33. Cibc Mkts invested in 1.47M shares or 0.55% of the stock. FBN Securities initiated Micron Technology, Inc. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.60. 19,602 are held by Sigma Planning. 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. Kazazian Asset Mngmt Limited Liability Company owns 21,000 shares. Finally, Global X Management Co. (NASDAQ:MU) shares were sold by Thorsen Steven L. JR. (NASDAQ:MU). Hilton Capital Mgmt Limited Liability Com, a New York-based fund reported 10,500 shares. Regal Advsrs Limited Liability Corp invested in 5,500 shares. Washington Trust Bank increased its position in Micron Technology by 3.4% in the third quarter.

Since August 1, 2017, it had 0 insider purchases, and 14 sales for $12.71 million activity. In the last 90 days, insiders sold 188,720 shares of company stock valued at $8,046,240. Morgan Stanley upgraded Micron Technology, Inc. (NASDAQ:MU) on Friday, September 1. 25,000 shares valued at $765,485 were sold by Mondry Lawrence N on Wednesday, August 16.

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