Micron Technology (MU) Receives Buy Rating from Deutsche Bank

Why Did Micron Technology Fall on November 29

Why Did Micron Technology Fall on November 29

Jacobi Capital Management LLC boosted its holdings in shares of Micron Technology by 368.8% in the 3rd quarter. Nike Inc Cl B Com Stk now has $98.79 billion valuation. The stock decreased 0.18% or $0.25 during the last trading session, reaching $140.22. About 5.87M shares traded. Corporate insiders own 0.69% of the company's stock.

Examining Institutional Ownership at Micron Technology, Inc. Insiders have sold a total of 305,088 shares of company stock valued at $11,728,398 over the last 90 days. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer's stock valued at $115,000 after acquiring an additional 1,252 shares in the last quarter. The stock was sold at an average price of $39.86, for a total transaction of $119,580.00. (NASDAQ:MU) were released by: Seekingalpha.com and their article: "Micron: Big Money Is Flowing In" published on November 27, 2017 as well as Investorplace.com's news article titled: "Tuesday's Vital Data: Micron Technology, Inc". It has outperformed by 159.57% the S&P500. Kj Harrison Prns Inc stated it has 10,000 shares. Nrwgn Crs Ln Hld (NASDAQ:NCLH) was raised too. The firm has a market cap of $32.07 billion, a P/E ratio of 45.16 and a beta of 1.93. Blair William And Il invested in 0.05% or 211,568 shares. 110 funds opened positions while 410 raised stakes. Also, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the company's stock in a transaction that occurred on Friday, September 29th. 128,000 are owned by Ao Asset Mgmt Ltd Liability.

There are 818 institutional holders with active positions, accounting for 951.85 million shares in total. Price T Rowe Assocs Incorporated Md holds 3.11M shares or 0.03% of its portfolio. Brandywine Limited Liability Company owns 3.45M shares or 0.66% of their United States portfolio. (NYSE:NKE). Invest Advsrs invested in 1.29% or 20,320 shares. Kentucky Retirement Sys Fund has 28,480 shares. 702,265 were accumulated by Amp Cap Invsts. Ww Asset, Michigan-based fund reported 132,054 shares. Stephens Ar stated it has 0.19% of its portfolio in NIKE, Inc. Northern Tru holds 0.1% or 11.45M shares. Deutsche Bank reaffirmed a buy rating and issued a $37.00 target price on shares of Micron Technology in a research report on Wednesday, September 6th. Therefore 83% are positive. As per Thursday, December 22, the company rating was upgraded by Needham. Stifel Nicolaus maintained NIKE, Inc. Winslow Evans & Crocker Inc. now owns 21,400 shares of the semiconductor manufacturer's stock worth $618,000 after buying an additional 100 shares in the last quarter. J.P. Morgan downgraded NIKE, Inc. (NASDAQ:MU) on Friday, June 30 with "Hold" rating. The firm has "Buy" rating given on Thursday, June 23 by Nomura. The firm has "Outperform" rating given on Wednesday, October 5 by Robert W. Baird. Sigma Planning Corp increased its position in shares of Micron Technology by 1.6% in the first quarter. (NASDAQ:MU) by 20.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Following the sale, the director now directly owns 54,533 shares in the company, valued at approximately $1,508,382.78. MU's profit will be $2.44B for 5.00 P/E if the $2.12 EPS becomes a reality. After $0.57 actual EPS reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -31.58% negative EPS growth. Its up 0.03, from 1.05 in 2017Q1. The semiconductor manufacturer reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.18.

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Campbell & CO Investment Adviser LLC purchased a new position in shares of Micron Technology, Inc.

Deutsche Bank restated their buy rating on shares of Micron Technology (NASDAQ:MU) in a report issued on Thursday. (NASDAQ:MU). Ubs Oconnor Ltd Liability Company holds 0% or 50,000 shares. Fjarde Ap holds 0.15% in Micron Technology, Inc. (NASDAQ:MU). 44,382 were accumulated by Sumitomo Life Insur. (LTD) by 743,664 shares to 19.54M shares, valued at $1.05 billion in 2017Q2, according to the filing. Westfield Mngmt Co LP has 1.44 million shares for 0.37% of their portfolio. Micron Technology, Inc. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.75 and a current ratio of 2.34. (NASDAQ:MU). Usa Portformulas Corporation holds 201,404 shares. (NASDAQ:MU) news were published by: Seekingalpha.com which released: "Micron: You Gotta Love Dumb Index Selling" on November 30, 2017, also Seekingalpha.com with their article: "Healthcare Will Rocket Demand For Micron Technology" published on November 28, 2017, Fool.com published: "Why Micron Technology, Inc". (NASDAQ:MU) for 1,300 shares. Finally, Regent Investment Management LLC increased its holdings in Micron Technology by 217.5% during the 2nd quarter. (NASDAQ:MU) or 64,308 shares. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that MU is a hold, which implies that MU is expected to perform in line with the market based on prior trading patterns.

Since June 1, 2017, it had 0 buys, and 1 insider sale for $320,000 activity.

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Micron Technology, Inc. provides semiconductor systems worldwide. Vetr upgraded Micron Technology from a "hold" rating to a "buy" rating and set a $47.30 target price for the company in a research report on Wednesday, November 15th.

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