Micron Technology (NASDAQ:MU) Lowered to Hold at BidaskClub

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Technologies>Embedded Revolution Intel Cuts Ties with Micron over Flash Memory Manufacturing James Morra 1 | Jan 12 2018

The institutional investor held 369,168 shares of the consumer services company at the end of 2017Q3, valued at $7.48M, up from 351,547 at the end of the previous reported quarter. Gargoyle Investment Advisor Llc who had been investing in Snap On Inc for a number of months, seems to be less bullish one the $10.47B market cap company. About 2.95 million shares traded or 53.18% up from the average. Rockwell Collins, Inc. (NYSE:COL) has risen 16.15% since January 11, 2017 and is uptrending. It has underperformed by 36.98% the S&P500.

Alphaone Investment Services Llc decreased its stake in Micron Technology Inc (MU) by 56.26% based on its latest 2017Q3 regulatory filing with the SEC. Stelliam Investment Management Lp sold 1.10M shares as the company's stock rose 19.14% with the market. The hedge fund run by Terence Hogan held 183,697 shares of the capital goods company at the end of 2017Q3, valued at $1.82M, down from 702,808 at the end of the previous reported quarter. The stock decreased 1.20% or $0.52 during the last trading session, reaching $42.79. About 28.46 million shares traded. It has outperformed by 40.07% the S&P500. It also increased its holding in Nn Inc (NASDAQ:NNBR) by 14,200 shares in the quarter, for a total of 146,842 shares, and has risen its stake in Madison Square Garden Co New. Longbow Research reiterated a "buy" rating and set a $50.00 price target (up from $42.00) on shares of Micron Technology in a report on Wednesday, September 27th. Citigroup reaffirmed a "buy" rating and set a $55.00 price objective (down from $60.00) on shares of Micron Technology in a research report on Wednesday, December 20th. Therefore 83% are positive. Mizuho maintained the shares of MU in report on Wednesday, June 14 with "Buy" rating. Nomura maintained Micron Technology, Inc. (NASDAQ:MU) on Wednesday, December 20 with "Hold" rating. (NASDAQ:MU) rating on Thursday, December 1. (NASDAQ:MU). New York-based Financial Bank Of Mellon has invested 0.15% in Micron Technology, Inc. The firm has "Buy" rating given on Tuesday, August 29 by J.P. Morgan. Mizuho maintained Micron Technology, Inc. Finally, Standpoint Research downgraded Micron Technology from a buy rating to a hold rating in a research note on Monday, August 29th. Mizuho maintained the shares of MU in report on Wednesday, October 5 with "Buy" rating. The company's market capitalization is $24.23 billion. Robert W. Baird has "Buy" rating and $48.0 target. Finally, Krilogy Financial LLC increased its holdings in shares of Micron Technology by 1,087.5% in the second quarter.

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 8.99, and a price to sales ratio of 4.55. It improved, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. Its down 12.23% from 6.95 million shares previously. Salem Investment Counselors Inc. grew its position in shares of Micron Technology by 76.0% during the third quarter. Cypress Capital Mgmt Limited Liability (Wy) stated it has 1.09% of its portfolio in Micron Technology, Inc. Artisan Partners Partnership has 0.33% invested in DexCom, Inc. (NASDAQ:MU). Pitcairn accumulated 16,630 shares. BMO Capital Markets maintained the shares of ETP in report on Friday, August 18 with "Hold" rating. It also reduced its holding in Coca (NYSE:KO) by 7,465 shares in the quarter, leaving it with 28,477 shares, and cut its stake in Apple Inc (NASDAQ:AAPL). Menta Cap Ltd reported 0.21% in The Boeing Company (NYSE:BA). First Citizens Retail Bank & Co has invested 0.13% in Micron Technology, Inc. The average 1-year price target for (MU) reveals an average price target of $58.89 per share. Advent Cap Mgmt De reported 0.04% of its portfolio in Micron Technology, Inc.

Shares of Micron Technology (NASDAQ:MU) opened at 23.30 on Thursday. Moody Bancorp Tru Division reported 8,765 shares stake. (NASDAQ:MU). Cambridge Invest Research has invested 0.04% in Micron Technology, Inc. (NASDAQ:MU). Exxonmobil Investment Mngmt Tx holds 0.2% or 203,444 shares. (NASDAQ:MU). Moreover, Ameritas Investment Prtn has 0.07% invested in Micron Technology, Inc.

First Interstate Bank, which manages about $465.11 million US Long portfolio, decreased its stake in Blackrock Fund Advisors (IWD) by 29,000 shares to 160 shares, valued at $19,000 in 2017Q3, according to the filing.

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In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction dated Friday, December 1st. 1,000 shares were sold by ARNZEN APRIL S, worth $28,220.

More notable recent Micron Technology, Inc. Thorsen Steven L. JR sold $4.53 million worth of stock or 118,944 shares. 25,410 shares were sold by ALLEN PATRICK E, worth $3.43M. Mondry Lawrence N sold $765,485 worth of Micron Technology, Inc. (NASDAQ:MU) for 97,600 shares.

Pioneer Investment Management Inc, which manages about $65.36B and $31.40B US Long portfolio, decreased its stake in Cemex Sab De Cv 3.72 (Prn) by 2.20 million shares to 6.08 million shares, valued at $6.81M in 2017Q3, according to the filing. It also increased its holding in Ford Mtr Co Del (NYSE:F) by 105,631 shares in the quarter, for a total of 285,450 shares, and has risen its stake in Old Rep Intl Corp (NYSE:ORI).

Analysts await Suncor Energy Inc. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer's stock worth $100,000 after buying an additional 1,190 shares during the period. COL's profit will be $255.40M for 22.02 P/E if the $1.56 EPS becomes a reality. After $2.45 actual EPS reported by Snap-on Incorporated for the previous quarter, Wall Street now forecasts 8.57% EPS growth.

Among 23 analysts covering GoDaddy Inc (NYSE:GDDY), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 0 are positive. Of the analysts surveyed by Reuters that track Micron Technology, Inc. The firm has "Neutral" rating given on Thursday, March 31 by Goldman Sachs. (NYSE:SU) has "Hold" rating given on Thursday, November 16 by TD Securities. The stock has "Buy" rating by J.P. Morgan on Tuesday, May 30. Numis Securities has "Add" rating and GBX 1960 target. Bernstein has "Market Perform" rating and $10 target. The company was downgraded on Wednesday, April 20 by Citigroup.

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