Micron Technology INC (MU) Shareholder Group One Trading LP Has Trimmed Holding as Stock Price Rose

July 27, 2018 - By Jack Shaw

Micron Technology, Inc. (NASDAQ:MU) LogoInvestors sentiment decreased to 1.13 in 2018 Q1. Its down 0.11, from 1.24 in 2017Q4. It dived, as 52 investors sold MU shares while 282 reduced holdings. 138 funds opened positions while 241 raised stakes. 846.69 million shares or 4.13% less from 883.15 million shares in 2017Q4 were reported. Janney Montgomery Scott Limited Liability Com accumulated 147,742 shares or 0.08% of the stock. Cls Invs Limited Liability Corp accumulated 3 shares. Mackenzie, a Ontario – Canada-based fund reported 22,238 shares. Exxonmobil Investment Mngmt Tx holds 177,020 shares. North Star Investment Management Corporation stated it has 0.01% in Micron Technology, Inc. (NASDAQ:MU). Pittenger & Anderson invested in 300 shares or 0% of the stock. United Cap Fincl Advisers Ltd Company reported 143,306 shares. Parallax Volatility Advisers Limited Partnership reported 4.27M shares stake. Marathon Mgmt stated it has 0.1% in Micron Technology, Inc. (NASDAQ:MU). Arrowmark Colorado Holding Ltd, a Colorado-based fund reported 281,772 shares. Weiss Multi invested in 235,000 shares. Moreover, Stratos Wealth Prtn has 0.06% invested in Micron Technology, Inc. (NASDAQ:MU) for 25,254 shares. Carroll holds 0% in Micron Technology, Inc. (NASDAQ:MU) or 29 shares. Reilly Fincl Advsr Ltd Liability Company reported 0% in Micron Technology, Inc. (NASDAQ:MU). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt, a Alberta – Canada-based fund reported 24,100 shares.

Since February 1, 2018, it had 0 insider buys, and 16 insider sales for $16.83 million activity. Mondry Lawrence N also sold $2.17M worth of Micron Technology, Inc. (NASDAQ:MU) shares. SWITZ ROBERT E had sold 100,000 shares worth $5.40 million. The insider ARNZEN APRIL S sold $31,814. 13,695 Micron Technology, Inc. (NASDAQ:MU) shares with value of $768,439 were sold by Deboer Scott J. Thorsen Steven L. JR had sold 28,089 shares worth $1.36 million. Byrne Patrick J sold $665,058 worth of Micron Technology, Inc. (NASDAQ:MU) on Wednesday, May 2.

Group One Trading Lp decreased its stake in Micron Technology Inc (MU) by 75.43% based on its latest 2018Q1 regulatory filing with the SEC. Group One Trading Lp sold 1.61M shares as the company’s stock rose 27.87% while stock markets declined. The institutional investor held 523,754 shares of the technology company at the end of 2018Q1, valued at $27.31M, down from 2.13M at the end of the previous reported quarter. Group One Trading Lp who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $62.35B market cap company. The stock increased 0.69% or $0.37 during the last trading session, reaching $53.76. About 27.18 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 108.46% since July 27, 2017 and is uptrending. It has outperformed by 95.89% the S&P500.

Group One Trading Lp, which manages about $10.54 billion US Long portfolio, upped its stake in Zions Bancorporation (Call) by 105,500 shares to 180,100 shares, valued at $9.50M in 2018Q1, according to the filing. It also increased its holding in Celgene Corp (Put) by 99,300 shares in the quarter, for a total of 302,300 shares, and has risen its stake in Danaher Corp Del (Call).

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on September, 25. They expect $3.27 EPS, up 64.32 % or $1.28 from last year’s $1.99 per share. MU’s profit will be $3.79B for 4.11 P/E if the $3.27 EPS becomes a reality. After $3.12 actual EPS reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 4.81 % EPS growth.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron Gets No Respect” on July 23, 2018, also Seekingalpha.com with their article: “The Great Wall Of Micron” published on July 20, 2018, Fool.com published: “Better Buy: Micron Technology vs. Cypress Semiconductor” on July 27, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: 247Wallst.com and their article: “Is Semiconductor Short Interest Signalling Another Rally?” published on July 25, 2018 as well as Nasdaq.com‘s news article titled: “5 Undervalued Top-Ranked Tech Stocks to Grab” with publication date: July 25, 2018.

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

Among 25 analysts covering Micron (NASDAQ:MU), 19 have Buy rating, 0 Sell and 6 Hold. Therefore 76% are positive. Micron has $108 highest and $35 lowest target. $75.79’s average target is 40.98% above currents $53.76 stock price. Micron had 58 analyst reports since January 31, 2018 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $106 target in Tuesday, May 22 report. Mizuho maintained Micron Technology, Inc. (NASDAQ:MU) on Monday, March 12 with “Buy” rating. The company was maintained on Tuesday, March 20 by Credit Suisse. The stock has “Buy” rating by Goldman Sachs on Tuesday, March 6. As per Monday, May 14, the company rating was maintained by Evercore. On Tuesday, February 6 the stock rating was maintained by Morgan Stanley with “Overweight”. As per Tuesday, June 26, the company rating was upgraded by UBS. KeyBanc Capital Markets upgraded the shares of MU in report on Monday, February 5 to “Buy” rating. The firm has “Buy” rating by Cowen & Co given on Wednesday, February 21. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Sell” rating by UBS on Thursday, June 21.

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

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