Micron Technology INC (MU) Shares Rose While Bluefin Trading LLC Has Decreased by $9.48 Million Its Holding

August 9, 2018 - By Megan Stone

Micron Technology, Inc. (NASDAQ:MU) LogoInvestors sentiment decreased to 1.13 in 2018 Q1. Its down 0.11, from 1.24 in 2017Q4. It dropped, 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. Moreover, Private Ocean Limited Liability Corporation has 0.03% invested in Micron Technology, Inc. (NASDAQ:MU) for 1,300 shares. Deltec Asset Mngmt Ltd Company accumulated 13,200 shares. Asset Management Inc invested 0.19% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). 191,982 were accumulated by Pinebridge Invs Limited Partnership. Paradigm Advisors Ltd Liability Corp holds 36,486 shares or 0.83% of its portfolio. Arrow Finance Corp invested in 100 shares or 0% of the stock. Pnc Fincl Serv Grp Inc Inc, a Pennsylvania-based fund reported 471,778 shares. Lansdowne Partners (Uk) Llp holds 0.04% or 71,340 shares. Moreover, Winslow Management Ltd Liability Corp has 0% invested in Micron Technology, Inc. (NASDAQ:MU). Css Limited Liability Corporation Il owns 3,000 shares. Quantitative Management Limited Co holds 2.79 million shares or 2.53% of its portfolio. Fmr Limited reported 26.92 million shares or 0.17% of all its holdings. Gofen And Glossberg Ltd Il owns 8,299 shares. Andra Ap holds 137,600 shares or 0.19% of its portfolio. Stone Ridge Asset Ltd Com has invested 0.12% in Micron Technology, Inc. (NASDAQ:MU).

Since February 14, 2018, it had 0 buys, and 14 insider sales for $16.07 million activity. Shares for $1.54M were sold by Deboer Scott J on Friday, May 25. The insider BAILEY ROBERT L sold $175,478. JOHNSON MERCEDES sold $1.26M worth of stock. 14,360 shares were sold by Byrne Patrick J, worth $665,058 on Wednesday, May 2. Shares for $5.40 million were sold by SWITZ ROBERT E. 50,000 shares were sold by Mondry Lawrence N, worth $2.17 million.

Bluefin Trading Llc decreased its stake in Micron Technology Inc (MU) by 30.07% based on its latest 2018Q1 regulatory filing with the SEC. Bluefin Trading Llc sold 182,386 shares as the company’s stock rose 27.87% while stock markets declined. The hedge fund held 424,114 shares of the technology company at the end of 2018Q1, valued at $22.11 million, down from 606,500 at the end of the previous reported quarter. Bluefin Trading Llc who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $60.56B market cap company. The stock decreased 2.20% or $1.175 during the last trading session, reaching $52.215. About 16.18M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 108.46% since August 9, 2017 and is uptrending. It has outperformed by 95.89% the S&P500.

Bluefin Trading Llc, which manages about $1.48B US Long portfolio, upped its stake in Bunge Limited (NYSE:BG) by 178,470 shares to 191,798 shares, valued at $14.18M in 2018Q1, according to the filing. It also increased its holding in Netflix Inc (NASDAQ:NFLX) by 18,309 shares in the quarter, for a total of 29,617 shares, and has risen its stake in Intel Corp (NASDAQ:INTC).

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 $3.79 billion for 3.99 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: “The Great Wall Of Micron” on July 20, 2018, also Finance.Yahoo.com with their article: “It Is Time to Buy MU Stock on Weakness” published on July 24, 2018, Seekingalpha.com published: “Micron Gets No Respect” on July 23, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Nasdaq.com and their article: “Pre-Market Most Active for Jul 23, 2018 : MU, FCAU, LPNT, GE, TSLA, GSK, QQQ, CLF, TLRY, HCLP, ABX, SYNT” published on July 23, 2018 as well as Seekingalpha.com‘s news article titled: “Micron: Among The Best Bargains In Memory” with publication date: July 31, 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 had 50 analyst reports since February 21, 2018 according to SRatingsIntel. Deutsche Bank maintained Micron Technology, Inc. (NASDAQ:MU) rating on Tuesday, May 22. Deutsche Bank has “Buy” rating and $72 target. The firm has “Buy” rating by Goldman Sachs given on Tuesday, March 6. Susquehanna maintained the stock with “Buy” rating in Thursday, March 8 report. The firm has “Hold” rating by Citigroup given on Friday, March 23. Bernstein maintained the stock with “Hold” rating in Monday, March 26 report. The rating was maintained by Credit Suisse on Thursday, June 21 with “Outperform”. Mizuho maintained Micron Technology, Inc. (NASDAQ:MU) rating on Friday, June 1. Mizuho has “Buy” rating and $7000 target. The rating was maintained by JP Morgan on Thursday, June 21 with “Overweight”. The firm has “Outperform” rating given on Friday, March 23 by Wells Fargo. The firm has “Buy” rating by Nomura given on Monday, March 12.

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

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