Marathon Trading Investment Management LLC Has Increased Micron Technology INC (MU) Holding by $3.33 Million

May 18, 2018 - By Maria Brooks

Micron Technology, Inc. (NASDAQ:MU) LogoInvestors sentiment decreased to 1.24 in Q4 2017. Its down 0.13, from 1.37 in 2017Q3. It dropped, as 49 investors sold MU shares while 245 reduced holdings. 126 funds opened positions while 239 raised stakes. 883.15 million shares or 0.40% less from 886.67 million shares in 2017Q3 were reported. First Foundation Advsrs invested in 0.09% or 38,770 shares. Caxton Associates Limited Partnership has 240,692 shares. Churchill Management, California-based fund reported 98,747 shares. 11.89 million are held by Susquehanna Grp Ltd Liability Partnership. 14,823 were accumulated by Roundview Cap. Schroder Inv Group, a Maine-based fund reported 1.52 million shares. Convergence Investment Prtnrs Ltd Liability accumulated 0.51% or 92,115 shares. Aviva Public Ltd Llc owns 1.01 million shares. Cypress Funds Lc holds 935,000 shares or 6.65% of its portfolio. James Inv Research holds 62,090 shares. Thompson Davis invested 0.11% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Hilton Management Llc holds 0.04% in Micron Technology, Inc. (NASDAQ:MU) or 6,000 shares. Commercial Bank Of Nova Scotia invested in 2.29M shares. The Delaware-based Dupont Cap Mngmt has invested 0.05% in Micron Technology, Inc. (NASDAQ:MU). Wafra Inv Advisory Gru Inc owns 339,209 shares.

Since January 2, 2018, it had 0 insider buys, and 13 selling transactions for $7.65 million activity. 25,000 shares valued at $1.26M were sold by JOHNSON MERCEDES on Monday, April 2. Deboer Scott J sold 14,750 shares worth $638,380. 532 shares were sold by ARNZEN APRIL S, worth $31,814. Thorsen Steven L. JR also sold $1.36M worth of Micron Technology, Inc. (NASDAQ:MU) shares. Another trade for 14,360 shares valued at $665,058 was sold by Byrne Patrick J. Mondry Lawrence N sold 50,000 shares worth $2.17M.

Bruce J. Richards increased its stake in Micron Technology Inc (MU) by 259.1% based on its latest 2017Q4 regulatory filing with the SEC. Marathon Trading Investment Management Llc bought 81,208 shares as the company’s stock rose 18.77% while stock markets declined. The hedge fund run by Bruce J. Richards held 112,550 shares of the technology company at the end of 2017Q4, valued at $4.63M, up from 31,342 at the end of the previous reported quarter. Marathon Trading Investment Management Llc who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $63.07B market cap company. The stock decreased 0.58% or $0.318 during the last trading session, reaching $54.382. About 6.55 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since May 18, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

Marathon Trading Investment Management Llc, which manages about $886.83 million and $3.59 billion US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 21,884 shares to 28,905 shares, valued at $4.98M in 2017Q4, according to the filing. It also reduced its holding in Apple Inc (Call) by 117,100 shares in the quarter, leaving it with 89,500 shares, and cut its stake in Tesla Inc (NASDAQ:TSLA).

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Nasdaq.com which released: “New Research Coverage Highlights Ellie Mae, Micron Technology, Applied Optoelectronics, Acadia Realty Trust …” on May 16, 2018, also Globenewswire.com with their article: “Micron Technology to Present at Bernstein Strategic Decisions Conference 2018” published on May 17, 2018, Seekingalpha.com published: “Micron: Reading The Tea Leaves” on May 14, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “The Market Is Doubtful Of Micron” published on May 10, 2018 as well as Schaeffersresearch.com‘s news article titled: “Blink Stock Scales the Nasdaq for Second Time In Two Weeks” with publication date: May 16, 2018.

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

Among 25 analysts covering Micron (NASDAQ:MU), 20 have Buy rating, 1 Sell and 4 Hold. Therefore 80% are positive. Micron had 54 analyst reports since November 27, 2017 according to SRatingsIntel. The firm has “Buy” rating by Mizuho given on Tuesday, May 15. The rating was maintained by Mizuho on Friday, March 23 with “Buy”. On Tuesday, February 6 the stock rating was maintained by Stifel Nicolaus with “Buy”. KeyBanc Capital Markets maintained it with “Overweight” rating and $72 target in Friday, March 23 report. On Monday, March 19 the stock rating was maintained by Deutsche Bank with “Buy”. As per Tuesday, November 28, the company rating was downgraded by Standpoint Research. As per Wednesday, January 31, the company rating was maintained by Wells Fargo. As per Monday, February 5, the company rating was upgraded by KeyBanc Capital Markets. Nomura upgraded the stock to “Buy” rating in Monday, March 12 report. On Friday, March 23 the stock rating was downgraded by Citigroup to “Hold”.

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

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