Key Analysts at Mizuho Securities Reconfirmed their ‘Buy’ rating for Micron Technology Inc (NDAQ:MU) Shares Today. Their PT is Set to $35.00

June 19, 2017 - By Kurt Siggers

 Key Analysts at Mizuho Securities Reconfirmed their ‘Buy’ rating for Micron Technology Inc (NDAQ:MU) Shares Today. Their PT is Set to $35.00

Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.14, from 0.98 in 2016Q3. It fall, as 67 investors sold Micron Technology, Inc. shares while 232 reduced holdings. 86 funds opened positions while 165 raised stakes. 841.20 million shares or 0.23% more from 839.25 million shares in 2016Q3 were reported.

Menta Capital Limited Com holds 0.14% in Micron Technology, Inc. (NASDAQ:MU) or 77,200 shares. Hgk Asset Mgmt Inc has invested 2% in Micron Technology, Inc. (NASDAQ:MU). Moreover, Louisiana State Employees Retirement System has 0.07% invested in Micron Technology, Inc. (NASDAQ:MU) for 64,900 shares. The California-based Nwq Investment Lc has invested 0% in Micron Technology, Inc. (NASDAQ:MU). Blackrock holds 0.07% or 2.21 million shares. Tarbox Grp holds 170 shares or 0% of its portfolio. Bp Public Limited Com has 0.62% invested in Micron Technology, Inc. (NASDAQ:MU) for 750,000 shares. 1.12M were accumulated by Natl Pension. Buckingham Cap Mgmt holds 376,048 shares. Pacad Invest accumulated 564,674 shares or 1.56% of the stock. Thompson Davis Incorporated holds 250 shares. Bnp Paribas Arbitrage holds 4.65M shares or 0.48% of its portfolio. Dekabank Deutsche Girozentrale invested in 224,274 shares or 0.05% of the stock. Nomura invested 0.03% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Blackrock Gp has invested 0.1% in Micron Technology, Inc. (NASDAQ:MU).

Since December 22, 2016, it had 0 insider purchases, and 14 insider sales for $15.14 million activity. Another trade for 10,638 shares valued at $308,018 was sold by ARNZEN APRIL S. Thorsen Steven L. JR had sold 50,000 shares worth $1.42M. The insider Shirley Brian sold $1.46 million. Another trade for 10,000 shares valued at $320,000 was sold by Deboer Scott J. Another trade for 14,143 shares valued at $408,911 was sold by Byrne Patrick J.

Micron Technology Inc (NDAQ:MU) Rating Reaffirmed

EU: In a note issued to clients on 16 June, Mizuho Securities reconfirmed their Buy rating on Micron Technology Inc (NDAQ:MU) shares. They now have a $35.00 target price on the company. Mizuho Securities’s target would indicate a potential upside of 17.21 % from the company’s stock close price.

Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.14, from 0.98 in 2016Q3. It fall, as 67 investors sold Micron Technology, Inc. shares while 232 reduced holdings. 86 funds opened positions while 165 raised stakes. 841.20 million shares or 0.23% more from 839.25 million shares in 2016Q3 were reported.

Menta Capital Limited Com holds 0.14% in Micron Technology, Inc. (NASDAQ:MU) or 77,200 shares. Hgk Asset Mgmt Inc has invested 2% in Micron Technology, Inc. (NASDAQ:MU). Moreover, Louisiana State Employees Retirement System has 0.07% invested in Micron Technology, Inc. (NASDAQ:MU) for 64,900 shares. The California-based Nwq Investment Lc has invested 0% in Micron Technology, Inc. (NASDAQ:MU). Blackrock holds 0.07% or 2.21 million shares. Tarbox Grp holds 170 shares or 0% of its portfolio. Bp Public Limited Com has 0.62% invested in Micron Technology, Inc. (NASDAQ:MU) for 750,000 shares. 1.12M were accumulated by Natl Pension. Buckingham Cap Mgmt holds 376,048 shares. Pacad Invest accumulated 564,674 shares or 1.56% of the stock. Thompson Davis Incorporated holds 250 shares. Bnp Paribas Arbitrage holds 4.65M shares or 0.48% of its portfolio. Dekabank Deutsche Girozentrale invested in 224,274 shares or 0.05% of the stock. Nomura invested 0.03% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Blackrock Gp has invested 0.1% in Micron Technology, Inc. (NASDAQ:MU).

Since December 22, 2016, it had 0 insider purchases, and 14 insider sales for $15.14 million activity. Another trade for 10,638 shares valued at $308,018 was sold by ARNZEN APRIL S. Thorsen Steven L. JR had sold 50,000 shares worth $1.42M. The insider Shirley Brian sold $1.46 million. Another trade for 10,000 shares valued at $320,000 was sold by Deboer Scott J. Another trade for 14,143 shares valued at $408,911 was sold by Byrne Patrick J.

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

Among 8 analysts covering Micron Technology Inc. (NDAQ:MU), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Micron Technology Inc. has $36 highest and $34 lowest target. $35’s average target is 15.78% above currents $30.23 stock price. Micron Technology Inc. had 13 analyst reports since March 1, 2017 according to SRatingsIntel. Pacific Crest maintained the shares of MU in report on Friday, April 7 with “Sector Perform” rating. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Outperform” rating given on Friday, March 3 by Cowen & Co. Cowen & Co maintained Micron Technology, Inc. (NASDAQ:MU) rating on Friday, April 7. Cowen & Co has “Outperform” rating and $34 target. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Outperform” rating given on Friday, March 31 by Macquarie Research. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Outperform” rating by Cowen & Co on Thursday, March 23. The company was downgraded on Monday, May 8 by Goldman Sachs. As per Monday, May 15, the company rating was maintained by Susquehanna. On Wednesday, March 1 the stock rating was upgraded by Goldman Sachs to “Buy”. Mizuho maintained the shares of MU in report on Friday, June 16 with “Buy” rating. Standpoint Research downgraded the shares of MU in report on Thursday, May 25 to “Reduce” rating.

About 75,624 shares traded. Micron Technology, Inc. (NDAQ:MU) has risen 176.27% since June 19, 2016 and is uptrending. It has outperformed by 159.57% the S&P500.

Investors wait Micron Technology, Inc. (NASDAQ:MU) to report on June, 29. its quarterly earnings Wall Street analysts expect $1.37 earnings per share, up $1.45 or 1,812.50 % from last year’s $-0.08 same quarter earnings. This translates into $1.46 billion profit for MU giving the stock a 5.51 P/E. This is assuming the current $1.37 EPS is accurate. Micron Technology, Inc.’s Wall Street analysts see 77.92 % EPS growth, taking into account the $0.77 EPS reproted in the previous quarter,

Micron Technology, Inc. is engaged in semiconductor systems. The company has market cap of $32.28 billion. The Company’s portfolio of memory technologies, including dynamic random-access memory , negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. It has a 52.89 P/E ratio.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron Technology: Memory Chip Prices” on June 02, 2017, also Seekingalpha.com with their article: “Micron Technology: Is Earnings Beat Priced In?” published on June 05, 2017, Seekingalpha.com published: “Micron Technology: Powering Beyond The Plateau” on June 16, 2017. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Livetradingnews.com and their article: “Micron Technology, Inc. (NASDAQ:MU) Pushes GDDR5X to 16Gbps” published on June 07, 2017 as well as Seekingalpha.com‘s news article titled: “DRAM And NAND Strength Continues, Micron Will Too” with publication date: May 30, 2017.

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