Springbok Capital Management LLC Maintains Holding in Micron Technology INC (MU)

January 22, 2018 - By Vivian Currie

Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.29, from 1.08 in 2017Q2. It is positive, 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. Manchester Capital Management invested 0.01% in Micron Technology, Inc. (NASDAQ:MU). Moreover, Hilton Mgmt Ltd Company has 0.07% invested in Micron Technology, Inc. (NASDAQ:MU). Leonetti Associates Limited Co reported 198,800 shares. Roundview Limited holds 0.57% or 65,032 shares. Corsair Mngmt Ltd Partnership holds 0.07% or 10,000 shares. Alps Advsr owns 47,295 shares for 0.01% of their portfolio. Asset has invested 0.03% in Micron Technology, Inc. (NASDAQ:MU). Waddell Reed reported 1.48% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Falcon Point Limited Co holds 0.03% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 4,925 shares. State Of New Jersey Common Pension Fund D holds 0.3% or 1.94 million shares. Vanguard Gp owns 76.03M shares for 0.14% of their portfolio. First Republic Mgmt invested in 0% or 11,960 shares. State Of Alaska Department Of Revenue accumulated 0.08% or 38,611 shares. First Natl holds 12,687 shares. 32,960 are owned by Jacobs Levy Equity Mgmt.

Since August 1, 2017, it had 0 buys, and 14 selling transactions for $12.71 million activity. Another trade for 327 shares valued at $10,507 was made by ARNZEN APRIL S on Friday, September 1. Deboer Scott J sold $1.03M worth of Micron Technology, Inc. (NASDAQ:MU) on Friday, September 15. $765,485 worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Mondry Lawrence N on Wednesday, August 16. $3.09M worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Poppen Joel L on Friday, September 29. On Friday, September 29 the insider Thorsen Steven L. JR sold $4.53 million.

Gavin Saitowitz increased its stake in Micron Technology Inc (MU) by 148.56% based on its latest 2017Q3 regulatory filing with the SEC. Springbok Capital Management Llc bought 362,560 shares as the company’s stock rose 19.14% with the market. The hedge fund run by Gavin Saitowitz held 606,617 shares of the technology company at the end of 2017Q3, valued at $23.86 million, up from 244,057 at the end of the previous reported quarter. Springbok Capital Management Llc who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $49.07 billion market cap company. The stock decreased 0.74% or $0.31 during the last trading session, reaching $42.44. About 20.85M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since January 22, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Springbok Capital Management Llc, which manages about $1.29B and $1.11B US Long portfolio, decreased its stake in Moneygram Intl Inc (Put) (NASDAQ:MGI) by 401,824 shares to 1,400 shares, valued at $23,000 in 2017Q3, according to the filing. It also reduced its holding in Alere Inc (Call) (NYSE:ALR) by 283,131 shares in the quarter, leaving it with 11,500 shares, and cut its stake in Rice Energy Inc (NYSE:RICE).

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron Technology: China” on January 22, 2018, also Fool.com with their article: “Why Micron Technology, Inc. Shares Rose 88% in 2017” published on January 05, 2018, Seekingalpha.com published: “Is Micron Technology The Cheapest Technology Stock?” on January 17, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Micron: Growth Company At A Value Price” published on January 22, 2018 as well as Seekingalpha.com‘s news article titled: “Micron Technology: Ragtop Redux” with publication date: January 04, 2018.

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

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 35 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Micron Technology Inc. has $75.0 highest and $8 lowest target. $39.50’s average target is -6.93% below currents $42.44 stock price. Micron Technology Inc. had 206 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Sterne Agee CRT on Wednesday, December 23 with “Buy”. The company was maintained on Tuesday, August 29 by Citigroup. The firm has “Buy” rating given on Friday, October 2 by Jefferies. As per Tuesday, August 16, the company rating was maintained by Brean Capital. As per Monday, March 21, the company rating was maintained by Deutsche Bank. Bernstein downgraded Micron Technology, Inc. (NASDAQ:MU) on Thursday, March 31 to “Market Perform” rating. The firm earned “Buy” rating on Wednesday, December 20 by Stifel Nicolaus. The stock has “Buy” rating by Cowen & Co on Wednesday, September 6. The firm has “Buy” rating by Deutsche Bank given on Wednesday, October 5. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Neutral” rating by Goldman Sachs on Monday, June 6.

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