As Micron Technology INC (MU) Stock Value Rose, Holder Financial Architects INC Trimmed Its Position

March 18, 2018 - By Kurt Siggers

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.29, from 1.08 in 2017Q2. It improved, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported. Wesbanco Bancshares Inc holds 0.02% or 9,278 shares in its portfolio. Cubist Systematic Strategies Ltd Liability Company accumulated 130,278 shares. 51,684 were accumulated by Sterling Cap Management Limited Liability. Moreover, Credit Cap Limited Co has 37.1% invested in Micron Technology, Inc. (NASDAQ:MU) for 855,000 shares. 1.19M were accumulated by Kbc Group Inc Nv. Hanseatic Mgmt reported 43,130 shares. Amer Registered Advisor reported 8,790 shares stake. 1.13 million are owned by Ontario Teachers Pension Plan Board. Highland Capital Mngmt LP holds 0.45% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 262,000 shares. Blackrock holds 0.13% or 65.64 million shares in its portfolio. Bridgewater Associate LP holds 0.03% or 99,983 shares. Cipher LP invested in 0.64% or 215,278 shares. Emerald Advisers Inc Pa invested in 21,783 shares. Everence Capital Mngmt owns 19,070 shares. Hsbc Holdings Public Limited Company holds 0.08% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 1.24M shares.

Since September 28, 2017, it had 0 buys, and 12 sales for $13.49 million activity. Thorsen Steven L. JR also sold $4.53 million worth of Micron Technology, Inc. (NASDAQ:MU) shares. 50,000 shares were sold by Mondry Lawrence N, worth $2.17 million. $520,372 worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Deboer Scott J. Another trade for 1,222 shares valued at $53,487 was made by ARNZEN APRIL S on Thursday, February 15. $3.09 million worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by Poppen Joel L.

Financial Architects Inc decreased its stake in Micron Technology Inc (MU) by 97.75% based on its latest 2017Q3 regulatory filing with the SEC. Financial Architects Inc sold 608,389 shares as the company’s stock rose 19.14% with the market. The institutional investor held 14,011 shares of the technology company at the end of 2017Q3, valued at $551,000, down from 622,400 at the end of the previous reported quarter. Financial Architects Inc who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $70.05B market cap company. The stock increased 2.96% or $1.74 during the last trading session, reaching $60.58. About 69.32 million shares traded or 42.37% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since March 18, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Financial Architects Inc, which manages about $561.93M US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 21,856 shares to 23,856 shares, valued at $4.08M in 2017Q3, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 59,928 shares in the quarter, for a total of 61,728 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on March, 22 after the close. They expect $2.69 EPS, up 249.35 % or $1.92 from last year’s $0.77 per share. MU’s profit will be $3.11B for 5.63 P/E if the $2.69 EPS becomes a reality. After $2.41 actual EPS reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 11.62 % EPS growth.

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

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 36 have Buy rating, 0 Sell and 6 Hold. Therefore 86% are positive. Micron Technology Inc. had 222 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Overweight” rating by Pacific Crest on Thursday, March 31. Cowen & Co maintained Micron Technology, Inc. (NASDAQ:MU) on Wednesday, February 1 with “Outperform” rating. The firm has “Outperform” rating given on Wednesday, December 23 by Cowen & Co. The firm earned “Buy” rating on Monday, March 21 by Deutsche Bank. The company was maintained on Tuesday, March 6 by Goldman Sachs. The rating was maintained by BMO Capital Markets with “Hold” on Monday, November 13. The company was maintained on Friday, June 30 by Deutsche Bank. Cowen & Co maintained the stock with “Buy” rating in Wednesday, February 21 report. The rating was maintained by Mizuho on Tuesday, January 19 with “Neutral”. Stifel Nicolaus maintained it with “Buy” rating and $6000 target in Monday, August 14 report.

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