Published: Sun, January 14, 2018
Money | By Armando Alvarado

Micron Technology (MU) Given Buy Rating at Stifel Nicolaus

Micron Technology (MU) Given Buy Rating at Stifel Nicolaus

The institutional investor held 14,422 shares of the transportation company at the end of 2017Q3, valued at $1.10 million, up from 5,500 at the end of the previous reported quarter. Tobam who had been investing in Dexcom Inc for a number of months, seems to be bullish on the $4.93 billion market cap company. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.83 and a current ratio of 2.39. California State Teachers Retirement Systems holds 0.16% or 1.79M shares. It has underperformed by 0.55% the S&P500.

Bruce J. Richards increased its stake in Micron Technology Inc (MU) by 143.43% based on its latest 2017Q3 regulatory filing with the SEC. Pioneer Investment Management Inc who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $49.47 billion market cap company.

NYSE:KR) shares were trading higher by 0.79 percent ($0.22) at $27.99 a piece in Wednesday's session. The stock had a trading volume of 28,380,800 shares, compared to its average volume of 46,950,000.

Micron Technology (NASDAQ:MU)'s stock had its "buy" rating reaffirmed by research analysts at Stifel Nicolaus in a research note issued on Wednesday, December 20th, Marketbeat reports. It has outperformed by 159.57% the S&P500.

Recent insider trends for Micron Technology, Inc. (NASDAQ:MU) from a hold rating to a buy rating in a research note released on Thursday morning, The Fly reports. Therefore 92% are positive. The company presently has a consensus rating of "Buy" and an average price target of $55.33. The firm earned "Buy" rating on Thursday, August 25 by Peel Hunt. As per Monday, June 26, the company rating was maintained by Stifel Nicolaus. The company was maintained on Tuesday, August 16 by Brean Capital. The company was downgraded on Wednesday, October 21 by Bank of America. (NYSE:SU) has "Hold" rating given on Thursday, November 16 by TD Securities. Finally, BMO Capital Markets began coverage on Micron Technology in a research report on Monday, October 2nd. (NASDAQ:MU) has "Outperform" rating given on Wednesday, December 23 by Cowen & Co. Robert W. Baird upgraded Micron Technology, Inc.

Sit Investment Associates Inc, which manages about $6.54B and $4.02B US Long portfolio, upped its stake in Watsco Inc (NYSE:WSO) by 4,045 shares to 9,645 shares, valued at $1.55M in 2017Q3, according to the filing. It also increased its holding in Azz Inc (NYSE:AZZ) by 15,800 shares in the quarter, for a total of 85,444 shares, and has risen its stake in Pdf Solutions Inc (NASDAQ:PDFS). A beta of less than 1 means that the security will be less volatile than the market. (MU)'s shares. The total value of these holdings, in millions, is $40,791.

Several hedge funds and other institutional investors have recently made changes to their positions in MU. The investment professionals in our partner's database now own: 886.67 million shares, up from 832.79 million shares in 2017Q2. Cypress Capital Mgmt Limited Liability (Wy) stated it has 1.09% of its portfolio in Micron Technology, Inc.

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Micron Technology (NASDAQ MU) opened at $42.81 on Friday. Enterprise Svcs Corporation accumulated 115 shares. (NASDAQ:MU). Dalton Invests Limited Liability reported 8.42% in Micron Technology, Inc. FBN Securities initiated Micron Technology, Inc. Micron Technology has a 12 month low of $21.49 and a 12 month high of $49.89. (NASDAQ:MU). Cambridge Invest Research has invested 0.04% in Micron Technology, Inc. Guggenheim Limited Liability Com holds 0.17% or 1.88 million shares in its portfolio. More interesting news about Micron Technology, Inc. (NASDAQ:MU). Holderness Communications reported 7,600 shares or 0.16% of all its holdings. Capital Research Global Investors lifted its stake in Micron Technology by 386.6% during the second quarter. Insider ownership increased by a total of 244552 shares, which suggests that MU's key executives are feeling more optimistic about the outlook for the stock.

(NYSE:SU), 12 have Buy rating, 0 Sell and 3 Hold. The stock of Micron Technology, Inc. $340,000 worth of stock was sold by Deboer Scott J on Tuesday, September 12. ARNZEN APRIL S sold $10,507 worth of stock. Thorsen Steven L. JR sold 118,944 shares worth $4.53M. (NASDAQ:MU) for 28,620 shares.

Investors sentiment increased to 0.5 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. 165 funds opened positions while 367 raised stakes. Tortoise Cap Advsr Lc holds 40.24 million shares. Conning invested in 0.04% or 30,394 shares. Zacks Investment Research downgraded shares of Micron Technology from a buy rating to a hold rating in a research note on Friday, December 22nd. Prudential Financial Inc. now owns 1,775,481 shares of the semiconductor manufacturer's stock worth $69,830,000 after buying an additional 259,557 shares during the last quarter.

Discovery Capital Management Llc decreased Peabody Energy Corp New stake by 12.80M shares to 9.12M valued at $264.62M in 2017Q3. Corsair Limited Partnership stated it has 10,000 shares or 0.07% of all its holdings. Summit Equities accumulated 44,524 shares. Camelot Portfolios Ltd Liability Co reported 22,911 shares or 0.2% of all its holdings.

Trexquant Investment Lp, which manages about $105.00M and $396.96 million US Long portfolio, decreased its stake in Marathon Pete Corp (NYSE:MPC) by 6,221 shares to 32,379 shares, valued at $1.82 million in 2017Q3, according to the filing. (NASDAQ:MU), 35 have Buy rating, 0 Sell and 7 Hold. Therefore 0 are positive. Finally, Macquarie reaffirmed an "outperform" rating and set a $38.00 target price on shares of Micron Technology in a report on Tuesday, September 12th.

Among 2 analysts covering Green Brick Partners (NASDAQ:GRBK), 0 have Buy rating, 0 Sell and 2 Hold. The rating was maintained by Goldman Sachs with "Buy" on Wednesday, September 27. Jefferies maintained Snap-on Incorporated (NYSE:SNA) rating on Tuesday, May 30. The rating was maintained by Wolfe Research with "Market Perform" on Monday, May 15. The firm earned "Overweight" rating on Tuesday, August 30 by Morgan Stanley. (NYSE:GDDY) earned "Buy" rating by Deutsche Bank on Monday, August 14.

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