Increases Micron Technology (MU) Price Target to $60.00


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

Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since January 13, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Sit Investment Associates Inc decreased its stake in Suncor Energy Inc (SU) by 17.07% based on its latest 2017Q3 regulatory filing with the SEC. The hedge fund run by Mark Kingdon held 1.44 million shares of the technology company at the end of 2017Q3, valued at $56.62M, up from 783,301 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. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer's stock worth $100,000 after acquiring an additional 1,190 shares in the last quarter. About 130,336 shares traded. It has underperformed by 0.55% the S&P500. Finally, Krilogy Financial LLC increased its holdings in shares of Micron Technology by 1,087.5% in the second quarter. The firm has a market capitalization of $49,500.00, a PE ratio of 6.74, a price-to-earnings-growth ratio of 0.44 and a beta of 1.75. Shares of MU have increased 3.17% in the past three monthswhile the S&P 500 has dropped -5.11% in that time. SevenBridge Financial Group LLC raised its position in shares of Micron Technology by 87.5% in the 3rd quarter. The investment professionals in our partner's database now own: 886.67 million shares, up from 832.79 million shares in 2017Q2. Jacobi Capital Management LLC increased its holdings in shares of Micron Technology by 368.8% in the third quarter. The California-based Clarivest Asset Mgmt Ltd has invested 0.01% in Micron Technology, Inc. During the same period in the prior year, the business posted $0.32 earnings per share. Following the sale, the senior vice president now owns 58,659 shares in the company, valued at approximately $2,596,833.93. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer's stock worth $142,000 after buying an additional 4,350 shares in the last quarter. Corsair Limited Partnership stated it has 10,000 shares or 0.07% of all its holdings.

Is Micron Technology, Inc. Ls Invest Advsrs Ltd holds 39,244 shares or 0.09% of its portfolio. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 77,260 shares of the semiconductor manufacturer's stock valued at $2,307,000 after purchasing an additional 367 shares in the last quarter. (NASDAQ:MU) earned "Buy" rating by Brean Capital on Friday, April 15. Invesco Ltd holds 12.27M shares. Jump Trading Ltd Liability Corp has invested 0.37% in Micron Technology, Inc. (NASDAQ:MU). Corsair Cap L P, New York-based fund reported 10,000 shares. Credit Suisse maintained the shares of MU in report on Tuesday, September 5 with "Buy" rating. 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. Zacks Investment Research cut Micron Technology from a strong-buy rating to a hold rating in a research note on Tuesday, November 28th. Therefore 83% are positive.

The consensus recommendation - averaging the work of 30 analysts - of 1.8 for Micron Technology, Inc. Finally, Citigroup reissued a buy rating and issued a $55.00 price objective (down previously from $60.00) on shares of Micron Technology in a research note on Wednesday, December 20th. Mizuho maintained the shares of MU in report on Wednesday, October 5 with "Buy" rating. As per Wednesday, September 27, the company rating was maintained by Cowen & Co. (NASDAQ:MU) rating on Thursday, December 1. They set a "market perform" rating and a $43.00 price objective on the stock. Drexel Hamilton upgraded the stock to "Buy" rating in Wednesday, July 29 report. The rating was initiated by FBN Securities on Monday, September 11 with "Buy". As per Sunday, June 11, the company rating was maintained by Oppenheimer. The rating was maintained by Stifel Nicolaus with "Buy" on Monday, June 26. Thorsen Steven L. JR also sold $4.53M worth of Micron Technology, Inc. Micron Technology has a 12 month low of $21.49 and a 12 month high of $49.89. The insider BAILEY ROBERT L sold 3,000 shares worth $119,583. About 1.22M shares traded.

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Among 4 analysts covering Stoneridge (NYSE:SRI), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 23% are positive. The firm has "Overweight" rating by Piper Jaffray given on Tuesday, August 11. The company was maintained on Monday, October 16 by Nomura. The firm earned "Overweight" rating on Monday, March 28 by Barclays Capital. The company was initiated on Friday, August 19 by Bank of America. $121,502 worth of Stoneridge, Inc. $340,000 worth of stock was sold by Deboer Scott J on Tuesday, September 12.

Stelliam Investment Management Lp, which manages about $3.51B and $3.28 billion US Long portfolio, upped its stake in Spdr Gold Trust (Call) (GLD) by 952,500 shares to 1.65M shares, valued at $200.61 million in 2017Q3, according to the filing. The Florida-based Ws Management Lllp has invested 11.88% in the stock. Its down 0.39, from 1.36 in 2017Q2. It improved, as 12 investors sold ETP shares while 8 reduced holdings. 31 funds opened positions while 93 raised stakes. Riverhead Cap Mngmt Limited Co stated it has 0.39% of its portfolio in Micron Technology, Inc. Commonwealth Equity reported 254,110 shares. 45,650 were accumulated by Los Angeles Mgmt & Equity Incorporated. Adams Asset Advsr Lc has 319,866 shares for 0.8% of their portfolio. 573,783 were accumulated by State Street. Tobam holds 0.14% of its portfolio in DexCom, Inc. J.P. Morgan maintained Micron Technology, Inc. (NYSE:SRI) for 15,000 shares. Nikko Asset Management Americas Inc has 3,300 shares for 0.01% of their portfolio. Cypress Capital Mgmt Limited Liability (Wy) stated it has 1.09% of its portfolio in Micron Technology, Inc. Franklin Resource owns 21,748 shares or 0% of their U.S. portfolio. Cleararc invested in 0.17% or 28,623 shares. Federated Investors Pa reported 41,406 shares.

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