Micron Technology INC Com (MU) Shareholder Sg Americas Securities LLC Cut Holding as Stock Value Rose

August 11, 2017 - By Stephen Andrade

Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.14, from 0.98 in 2016Q3. It is negative, as 67 investors sold MU shares while 232 reduced holdings. 86 funds opened positions while 165 raised stakes. 841.20 million shares or 0.23% more from 839.25 million shares in 2016Q3 were reported. Moreover, First Trust Advsr Lp has 0.24% invested in Micron Technology, Inc. (NASDAQ:MU). Ci Investments accumulated 7.45 million shares or 1.79% of the stock. Burt Wealth Advsr holds 1,822 shares. Nuveen Asset Management Ltd Limited Liability Company has 0.05% invested in Micron Technology, Inc. (NASDAQ:MU). Aberdeen Asset Management Public Limited Company Uk has 281,197 shares. Massachusetts-based Ngam LP has invested 0.05% in Micron Technology, Inc. (NASDAQ:MU). Meeder Asset Mngmt stated it has 42,879 shares. Strs Ohio accumulated 0.11% or 1.15M shares. Ibm Retirement Fund owns 97,057 shares or 0.09% of their US portfolio. Pine River Management Lp reported 642,471 shares or 0.62% of all its holdings. Blackrock Advisors Ltd Liability Company stated it has 1.42M shares or 0.03% of all its holdings. Kbc Nv has 96,772 shares for 0.02% of their portfolio. 7.32 million are held by Putnam Invests Llc. Advsrs Asset Mgmt reported 14,705 shares. Aperio Grp Inc holds 361,332 shares.

Since February 15, 2017, it had 0 insider buys, and 11 selling transactions for $8.91 million activity. ARNZEN APRIL S sold $308,018 worth of stock or 10,638 shares. Deboer Scott J sold $300,000 worth of stock or 10,000 shares. The insider Byrne Patrick J sold 14,143 shares worth $408,911. 88,000 shares valued at $2.52 million were sold by Shirley Brian on Tuesday, March 28. $1.42 million worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Thorsen Steven L. JR.

Sg Americas Securities Llc decreased its stake in Micron Technology Inc Com (MU) by 67.5% based on its latest 2016Q4 regulatory filing with the SEC. Sg Americas Securities Llc sold 2.32M shares as the company’s stock rose 19.14% with the market. The institutional investor held 1.12M shares of the technology company at the end of 2016Q4, valued at $24.53 million, down from 3.44M at the end of the previous reported quarter. Sg Americas Securities Llc who had been investing in Micron Technology Inc Com for a number of months, seems to be less bullish one the $31.03B market cap company. The stock rose 1.33% or $0.36 reaching $27.85. About 17.89M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since August 11, 2016 and is uptrending. It has outperformed by 159.57% the S&P500.

Sg Americas Securities Llc, which manages about $11.91 billion US Long portfolio, upped its stake in Intel Corp Com (NASDAQ:INTC) by 1.21 million shares to 1.24M shares, valued at $45.12M in 2016Q4, according to the filing. It also increased its holding in Broadcom Ltd by 58,633 shares in the quarter, for a total of 86,718 shares, and has risen its stake in Public Svc Enterprise Group Com (NYSE:PEG).

Wall Street await Micron Technology, Inc. (NASDAQ:MU) to release earnings on October, 3. Analysts forecast EPS of $1.72, up exactly $1.77 or 3,540.00 % from 2014’s $-0.05 EPS. The expected MU’s profit could reach $1.92 billion giving the stock 4.05 P/E in the case that $1.72 earnings per share is reported. After posting $1.40 EPS for the previous quarter, Micron Technology, Inc.’s analysts now forecast 22.86 % EPS growth.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron Technology Is Looking Cheap” on August 08, 2017, also Seekingalpha.com with their article: “Apple Needs Micron Technology” published on August 07, 2017, Seekingalpha.com published: “Micron: Fear” on August 10, 2017. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Micron: A Sudden Drop Flags Trouble” published on August 03, 2017 as well as Seekingalpha.com‘s news article titled: “Value In An Expensive Market: Micron’s Cyclical Mispricing” with publication date: July 31, 2017.

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

Among 40 analysts covering Micron Technology Inc. (NASDAQ:MU), 32 have Buy rating, 1 Sell and 7 Hold. Therefore 80% are positive. Micron Technology Inc. had 146 analyst reports since July 29, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Overweight” rating in Monday, October 3 report. On Monday, June 19 the stock rating was maintained by Robert W. Baird with “Buy”. The stock has “Overweight” rating by Pacific Crest on Thursday, March 31. The stock has “Outperform” rating by Cowen & Co on Thursday, December 1. Credit Suisse maintained the shares of MU in report on Wednesday, June 14 with “Buy” rating. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Neutral” rating given on Thursday, March 31 by Macquarie Research. The company was upgraded on Wednesday, December 7 by Standpoint Research. The company was maintained on Thursday, June 15 by Loop Capital Markets. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Goldman Sachs on Wednesday, March 1. On Tuesday, March 29 the stock rating was downgraded by Needham to “Underperform”.

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