Micron Technology Inc Stock in Q3 2017 Driven by Institutional Investors


Pioneer Investment Management Inc increased its stake in Micron Technology Inc (MU) by 53.26% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 121,488 shares of the natural gas distribution company at the end of 2017Q3, valued at $2.22 million, down from 175,788 at the end of the previous reported quarter. Stelliam Investment Management Lp who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $49.79B market cap company. The stock increased 1.86% or $0.3574 during the last trading session, reaching $19.6074. They expect $1.56 earnings per share, up 30.00% or $0.36 from last year's $1.2 per share. Micron Technology, Inc. (NASDAQ:MU)'s short interest is 57.25 million shares, or 5.48% of the float. It has outperformed by 159.57% the S&P500.The move comes after 9 months negative chart setup for the $49.48B company. State Street reported 42.18 million shares stake. It also increased its holding in Western Alliance Banco Com (NYSE:WAL) by 58,655 shares in the quarter, for a total of 328,489 shares, and has risen its stake in Commerce Bank Inc (NASDAQ:CBSH).

Investors sentiment decreased to 0.81 in Q3 2017. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.39 and a quick ratio of 1.83. 165 funds opened positions while 367 raised stakes. 688.12 million shares or 3.98% more from 661.79 million shares in 2017Q2 were reported. Jacobs Levy Equity Mngmt has 32,960 shares for 0.03% of their portfolio. Camelot Portfolios Ltd Liability Co reported 22,911 shares or 0.2% of all its holdings.

The collective rating of 2.4 for The Kroger Co. Profund Advisors Lc holds 279,362 shares. (NASDAQ:MU). First Natl Co holds 12,687 shares or 0.06% of its portfolio. Barnett has invested 0.53% in The Kroger Co. Great West Life Assurance Co Can, a Manitoba - Canada-based fund reported 945,180 shares. (NYSE:KR). Brandywine Glob Inv Management Ltd accumulated 76,521 shares. Bessemer Grp invested in 2,197 shares or 0% of the stock. Wilbanks Smith Thomas Asset Mgmt Ltd Limited Liability Company owns 6,252 shares or 0.02% of their U.S. portfolio. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer's stock worth $142,000 after purchasing an additional 4,350 shares in the last quarter. Coho Prtn Ltd reported 3.05% stake. (NYSE:GDDY) earned "Buy" rating by Deutsche Bank on Monday, August 14. COL's profit will be $255.40M for 22.02 P/E if the $1.56 EPS becomes a reality. During the same quarter in the prior year, the firm posted $0.32 EPS. (NASDAQ:MU) has "Outperform" rating given on Wednesday, December 23 by Cowen & Co. Therefore 6% are positive. Kroger had 97 analyst reports since August 25, 2015 according to SRatingsIntel. (NASDAQ:MU) has "Overweight" rating given on Thursday, March 31 by Pacific Crest. The company was maintained on Tuesday, February 16 by Nomura. The rating was upgraded by PiperJaffray on Wednesday, December 14 to "Neutral". The rating was upgraded by Needham to "Buy" on Thursday, December 22. On Friday, January 8 the stock rating was maintained by Deutsche Bank with "Hold". Citigroup maintained The Kroger Co. The rating was maintained by Wolfe Research with "Market Perform" on Monday, May 15.

Inc. has 12.14% invested in the company for 1.44 million shares. Its up 0.29, from 1.08 in 2017Q2.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The investment professionals in our partner's database now own: 886.67 million shares, up from 832.79 million shares in 2017Q2. (NASDAQ:MU). Cambridge Invest Research has invested 0.04% in Micron Technology, Inc. Ameritas Ptnrs invested in 0.07% or 43,675 shares. Micron Technology's revenue for the quarter was up 71.4% on a year-over-year basis. equities research analysts predict that Micron Technology, Inc. will post 9.78 EPS for the current fiscal year. (NASDAQ:MU) for 41,606 shares. Asset Mngmt One Limited has 0.15% invested in Micron Technology, Inc. (NASDAQ:MU). Alpha Windward Limited Liability Company accumulated 0.04% or 1,818 shares. Exxonmobil Mgmt Tx stated it has 203,444 shares or 0.2% of all its holdings. Franklin Resources, Inc. (NYSE:BEN) has risen 19.40% since January 12, 2017 and is uptrending. (NASDAQ:MU) for 25,504 shares. FBN Securities initiated Micron Technology, Inc. (NASDAQ:MU) for 28,620 shares. Goldman Sachs Group raised Micron Technology from a neutral rating to a buy rating and boosted their target price for the company from $33.00 to $40.00 in a research note on Tuesday, September 12th. (NASDAQ:MU) for 7,064 shares. Therefore 83% are positive. Mizuho maintained Micron Technology, Inc. With 1.08 million avg volume, 6 days are for Godaddy Incorporated (NYSE:GDDY)'s short sellers to cover GDDY's short positions. The rating was maintained by Robert W. Baird with "Buy" on Wednesday, August 23. The firm has "Buy" rating by Maxim Group given on Tuesday, December 15. The firm has "Buy" rating by Wells Fargo given on Monday, June 26. (NASDAQ:MU) on Friday, September 1. As per Tuesday, September 5, the company rating was maintained by Credit Suisse. The rating was maintained by Stifel Nicolaus with "Buy" on Monday, June 26.

Boingo Wireless, Inc. (NASDAQ:WIFI) is worth US$873.92 Million and has recently fallen -5.96% to US$21.31. The rating was maintained by Jefferies with "Hold" on Tuesday, October 3. The rating was maintained by Evercore on Thursday, March 31 with "Buy".

Since August 1, 2017, it had 0 insider buys, and 14 insider sales for $12.71 million activity. Captrust Financial Advisors bought a new position in Micron Technology in the second quarter worth about $107,000. (NASDAQ:MU) shares with value of $520,372 were sold by Deboer Scott J. 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 during the period. Shares for $3.09 million were sold by Poppen Joel L on Friday, September 29. (NASDAQ:MU) was sold by Mondry Lawrence N on Wednesday, August 16.