$3.26 EPS Expected for Micron Technology, Inc. (MU)

September 8, 2018 - By Carolyn Hewitt

Micron Technology, Inc. (NASDAQ:MU) LogoInvestors sentiment decreased to 1.13 in Q1 2018. Its down 0.11, from 1.24 in 2017Q4. It fall, as 52 investors sold Micron Technology, Inc. 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.
Smithfield Tru Co holds 290 shares. Northwest Invest Counselors Lc invested in 0.1% or 4,686 shares. City Holdg reported 0% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Teacher Retirement Systems Of Texas owns 853,928 shares. Suntrust Banks holds 26,889 shares. Calamos Advsr Ltd Liability Corp, Illinois-based fund reported 149,913 shares. Norinchukin Bank The reported 105,954 shares or 0.09% of all its holdings. Moreover, Lpl Fincl Lc has 0.03% invested in Micron Technology, Inc. (NASDAQ:MU) for 230,731 shares. Hillsdale Investment Mngmt holds 0.07% or 8,970 shares in its portfolio. Benjamin F Edwards And holds 0.44% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 83,833 shares. Livforsakringsbolaget Skandia Omsesidigt holds 16,036 shares or 0.01% of its portfolio. Jnba Advsrs invested in 888 shares. Korea Inv Corp invested in 0.64% or 2.66M shares. Canada Pension Plan Invest Board, Ontario – Canada-based fund reported 2.73 million shares. Ls Investment Advisors Limited Liability Co invested in 0.1% or 31,987 shares.

Since March 15, 2018, it had 0 insider purchases, and 11 selling transactions for $13.69 million activity. $2.20 million worth of stock was sold by Thorsen Steven L. JR on Friday, July 20. Deboer Scott J also sold $1.54 million worth of Micron Technology, Inc. (NASDAQ:MU) shares. On Monday, July 2 the insider SWITZ ROBERT E sold $5.40 million. Shares for $175,478 were sold by BAILEY ROBERT L. ARNZEN APRIL S also sold $31,814 worth of Micron Technology, Inc. (NASDAQ:MU) shares. 25,000 shares valued at $1.26 million were sold by JOHNSON MERCEDES on Monday, April 2.

Analysts expect Micron Technology, Inc. (NASDAQ:MU) to report $3.26 EPS on September, 20 after the close.They anticipate $1.27 EPS change or 63.82 % from last quarter’s $1.99 EPS. MU’s profit would be $3.78 billion giving it 3.44 P/E if the $3.26 EPS is correct. After having $3.12 EPS previously, Micron Technology, Inc.’s analysts see 4.49 % EPS growth. The stock increased 0.47% or $0.21 during the last trading session, reaching $44.86. About 42.30M shares traded or 12.33% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 108.46% since September 8, 2017 and is uptrending. It has outperformed by 95.89% the S&P500.

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

Among 24 analysts covering Micron (NASDAQ:MU), 18 have Buy rating, 0 Sell and 6 Hold. Therefore 75% are positive. Micron had 45 analyst reports since March 12, 2018 according to SRatingsIntel. The firm has “Outperform” rating by Credit Suisse given on Tuesday, May 22. On Thursday, June 21 the stock rating was maintained by Needham with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $95 target in Friday, March 23 report. The rating was maintained by Morgan Stanley on Thursday, May 10 with “Buy”. On Thursday, May 31 the stock rating was downgraded by Morgan Stanley to “Hold”. On Tuesday, June 19 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Nomura on Tuesday, May 22 with “Buy”. As per Thursday, June 21, the company rating was maintained by Credit Suisse. JP Morgan maintained it with “Overweight” rating and $82 target in Tuesday, May 22 report. The rating was maintained by Mizuho with “Buy” on Friday, June 1.

Micron Technology, Inc. provides semiconductor systems worldwide. The company has market cap of $52.03 billion. The firm operates through four divisions: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It has a 4.5 P/E ratio. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, automotive and industrial applications, and computer memory upgrades; and hybrid memory cube semiconductor memory devices for use in networking and computing applications.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Nasdaq.com which released: “Why It’s NOT Time for Micron to Start Paying a Dividend” on September 07, 2018, also Seekingalpha.com with their article: “Micron: This Is Absurd” published on September 06, 2018, Nasdaq.com published: “How to Capture Risk-Adjusted Triple-Digit Gains in Micron Stock” on September 01, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Micron: Ignore The Negative Noise” published on September 07, 2018 as well as Seekingalpha.com‘s news article titled: “The ‘New Micron’ – An Undervalued Beast” with publication date: August 27, 2018.

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

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