Micron (NASDAQ:MU) Is Now Covered By The Benchmark Company. What can We Expect?

June 22, 2018 - By Migdalia James

Micron Technology, Inc. (NASDAQ:MU) Logo

Investors sentiment decreased to 1.13 in Q1 2018. Its down 0.11, from 1.24 in 2017Q4. It dropped, 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.

Coastline Trust owns 20,000 shares for 0.16% of their portfolio. Manufacturers Life Ins Communications The owns 1.23 million shares. Kames Cap Public Limited Company holds 0.27% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 199,566 shares. 600 were reported by Polaris Greystone Fin Grp Ltd Company. 57,763 were reported by Meeder Asset Mngmt Inc. Hudson Bay Cap Management L P reported 0.01% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Bessemer Gru has invested 0% in Micron Technology, Inc. (NASDAQ:MU). Dalton Investments Lc owns 4,500 shares. Valley National Advisers accumulated 0.01% or 764 shares. Huntington Bancorporation reported 1,784 shares. Jfs Wealth Advisors Ltd Liability holds 0% in Micron Technology, Inc. (NASDAQ:MU) or 150 shares. Trexquant Inv L P owns 0.59% invested in Micron Technology, Inc. (NASDAQ:MU) for 161,883 shares. Nadler Grp accumulated 4,012 shares or 0.06% of the stock. Wolverine Asset Management Ltd holds 322,333 shares or 0.22% of its portfolio. 4.28 million were accumulated by Tiaa Cref Invest Management Limited Liability Corporation.

Since January 2, 2018, it had 0 insider purchases, and 15 insider sales for $9.36 million activity. $144,003 worth of Micron Technology, Inc. (NASDAQ:MU) was sold by BAILEY ROBERT L. Another trade for 24,795 shares valued at $1.54 million was sold by Deboer Scott J. $2.17 million worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Mondry Lawrence N. On Tuesday, May 8 the insider Thorsen Steven L. JR sold $1.36M. The insider JOHNSON MERCEDES sold $1.26 million. $665,058 worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Byrne Patrick J on Wednesday, May 2.

Why Has The Benchmark Company Given Micron (NASDAQ:MU) a $80 Price Target

The Benchmark Company has just issued a “Buy” rating for Micron (NASDAQ:MU) shares. The firm has initiated coverage on shares of MU in an analyst note revealed to clients and investors on Friday, 22 June. This target would indicate upside of 39.32 % from the last close price of Micron (NASDAQ:MU).

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

Among 24 analysts covering Micron (NASDAQ:MU), 18 have Buy rating, 1 Sell and 5 Hold. Therefore 75% are positive. Micron has $108 highest and $35 lowest target. $74.87’s average target is 30.39% above currents $57.42 stock price. Micron had 56 analyst reports since January 10, 2018 according to SRatingsIntel. Morgan Stanley maintained Micron Technology, Inc. (NASDAQ:MU) on Friday, March 23 with “Overweight” rating. Nomura upgraded it to “Buy” rating and $100.0 target in Monday, March 12 report. The company was maintained on Monday, March 26 by Bernstein. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, February 6 report. The firm earned “Overweight” rating on Tuesday, February 6 by Morgan Stanley. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, March 23 report. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Mizuho on Tuesday, February 6. KeyBanc Capital Markets maintained Micron Technology, Inc. (NASDAQ:MU) rating on Monday, April 16. KeyBanc Capital Markets has “Buy” rating and $7200 target. On Tuesday, May 22 the stock rating was maintained by Nomura with “Buy”. Cowen & Co maintained it with “Buy” rating and $53.0 target in Wednesday, February 21 report.

The stock decreased 3.40% or $2.02 during the last trading session, reaching $57.42. About 51.51M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 108.46% since June 22, 2017 and is uptrending. It has outperformed by 95.89% the S&P500.

Micron Technology, Inc. provides semiconductor systems worldwide. The company has market cap of $66.59 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 6.93 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: Seekingalpha.com which released: “JP Morgan: Buy Micron ahead of earnings on cloud computing potential” on June 18, 2018, also Investorplace.com with their article: “Monday’s Vital Data: Apple Inc., Micron Technology, Inc. and Ford Motor Company” published on June 18, 2018, Streetinsider.com published: “After-Hours Stock Movers 06/20: (BNED) (MU) (HPQ) Higher; (LMNR) (VERI) (CLPS) Lower (more…)” on June 20, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Analysts raise Micron price targets after earnings” published on June 21, 2018 as well as Marketwatch.com‘s news article titled: “Trade fears give Dow its 8th straight loss, Nasdaq has worst session since April” with publication date: June 21, 2018.

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

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