Economy

Micron Technology, Inc. (MU) Coverage Initiated by Analysts at FBN Securities

The Company's principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. It has a 35.39 P/E ratio. The company was maintained on Friday, June 30 by Deutsche Bank. Needham & Company LLC reaffirmed an underperform rating on shares of Micron Technology in a report on Friday, October 7th.

Shares of Micron Technology (NASDAQ:MU) traded down 0.508% during trading on Friday, hitting $24.475. The shares have accelerated in recent weeks, with their price up about 1.05% in the past three months. $408,911 worth of Micron Technology, Inc. The stock decreased 1.04% or $0.34 during the last trading session, reaching $32.45. Another trade for 1,000 shares valued at $28,950 was sold by ARNZEN APRIL S. It has outperformed by 159.57% the S&P500. Six analysts have provided estimates for Micron Technology's earnings, with estimates ranging from $5.70 billion to $5.95 billion. Strong Sell. Investors might also notice that two months ago the Buy recommendations (2) outnumbered Sell recommendations (0). Therefore 80% are positive. Odey Asset Grp Inc stated it has 0.1% of its portfolio in Micron Technology, Inc. The firm has "Outperform" rating by Cowen & Co given on Wednesday, December 23. On Wednesday, August 2 the stock rating was maintained by BMO Capital Markets with "Outperform". Robert W. Baird maintained Micron Technology, Inc. (NASDAQ:MU) rating on Monday, March 28. (NASDAQ:MU) on Wednesday, May 31 with "Buy" rating. As per Wednesday, October 5, the company rating was maintained by Morgan Stanley.

Several equities research analysts have issued reports on MU shares.

Pacad Investment Ltd, which manages about $791.99M US Long portfolio, decreased its stake in Applied Matls Inc (NASDAQ:AMAT) by 175,949 shares to 115,542 shares, valued at $3.73 million in 2016Q4, according to the filing.

Looking at the multiyear weekly chart, we see that MU stock through this lens has a well-defined potential next upside target at the purple horizontal line, which marks the previous multiyear highs from December 2014.

Since March 27, 2017, it had 0 buys, and 10 sales for $8.28 million activity. Large-capitalization technology stocks such as Micron largely outperformed into the early summer period but have consolidated since. (NASDAQ:MU) for 30,000 shares. On Wednesday, March 29 Thorsen Steven L. JR sold $1.42M worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Shirley Brian on Monday, May 15. Tocqueville Asset Lp stated it has 0.21% of its portfolio in Micron Technology, Inc. Neuberger Berman Group LLC boosted its position in shares of Micron Technology by 1.4% during the 1st quarter. (NASDAQ:MU). Burt Wealth Advsr holds 0.04% or 1,822 shares in its portfolio. Twilio Inc (Put) was raised too.

Investors sentiment increased to 1.08 in Q4 2016. Its down 0.14, from 0.98 in 2016Q3. 86 funds opened positions while 165 raised stakes. The number of shares now owned by investors are 1.1 bln. 841.20 million shares or 0.23% more from 839.25 million shares in 2016Q3 were reported. Wesbanco Natl Bank has 0.02% invested in Micron Technology, Inc. (NASDAQ:MU). Cantab Cap Prns Llp invested in 0% or 73,693 shares. Blackrock reported 0% in Landauer Inc (NYSE:LDR). (NASDAQ:MU). Integral Derivatives Ltd Liability invested in 122,246 shares. 366,527 are held by Tekne Mngmt Ltd Com. VMware Inc had 130 analyst reports since July 22, 2015 according to SRatingsIntel. (NASDAQ:MU) for 45,809 shares. Creative Planning invested in 146,531 shares. Arizona State Retirement System has invested 0.01% in VMware, Inc. Following the completion of the sale, the vice president now owns 150,232 shares of the company's stock, valued at approximately $4,807,424. It also reduced Ishares Tr (TLT) stake by 41,768 shares and now owns 49,626 shares. (NASDAQ:MU). Cambridge Investment Rech Advisors Inc invested in 22,210 shares or 0.01% of the stock. Clinton Gp invested in 235,806 shares.

More notable recent Micron Technology, Inc. (NASDAQ:MU) to report earnings on October, 3. In the latest earnings report the EPS was $2.28 and is projected to be $4.72 for the current year with 1,110,000,000 shares now outstanding. Micron Technology reported sales of $3.22 billion in the same quarter last year, which would suggest a positive year over year growth rate of 82.6%. Mizuho maintained the shares of MU in report on Tuesday, February 23 with "Buy" rating. The count of Hold ratings in that period was 0.

Among 46 analysts covering VMware Inc (NYSE:VMW), 20 have Buy rating, 0 Sell and 26 Hold. The firm earned "Overweight" rating on Monday, September 21 by Barclays Capital.



Like this

Latest


11 September 2017
Jose now a major hurricane
This is something Eric Blake, an NHC scientist, said is "unparalleled here and totally ridiculous given [the scale of] Irma ". During late August and into September, Atlantic Ocean waters are at their warmest compared to any other time of the year.

11 September 2017
Voting against Brexit bill will cause chaos, Davis and Johnson warn
Mr Blair, who is Labour's most successful leader winning three elections, said the grievances which led to Brexit had to be addressed before trying to reverse it.

11 September 2017
Using household cleaning products may cause COPD
While the everyday use of bleach now has no specific health guidelines, the study's researchers are hoping that this will change. All of these 'were associated with an increased risk of COPD of between 24 to 32 per cent'.

11 September 2017
Former Presidents Are Joining Forces For A Good Cause
And now Harvey has done something else unprecedented.bringing together five former presidents to pitch a powerful appeal for help. Harvey caused massive flooding in the Bushes' home state of Texas and neighboring Louisiana, destroying homes and killing dozens.

11 September 2017
'Teargas' incident at Frankfurt airport
The passengers at a check-in counter complained about eye irritations, prompting the airport to dispatch emergency units. Injuries have been reported following an alleged tear-gas attack at Frankfurt Airport in Germany on Monday (Sept 11).

11 September 2017
Huge climate change discovery stuns scientists
They contribute major role in controlling the population of wildlife, and they keep the energy flowing throughout the food chain. The study was completed with help from the U.S.

11 September 2017
Vladimir Putin Warns Of 'Global Catastrophe' In North Korea Impasse
Xi said a peaceful resolution to the North Korean nuclear issue could only be found through dialogue, CCTV reported. But the latest nuclear test and recent missile tests suggest Kim is undeterred by those sanctions.

11 September 2017
Malaysia July factory output up 6.1 pct y/y, above forecast
The faster growth rate may be due to the export that was holding well, especially the E&E sector, he added. The mining sector also increased marginally by 0.2 percent.

11 September 2017
Coast Guard closes Tampa, St. Petersburg and Manatee ports
Eric King, captain of the port San Juan, Puerto Rico, conducts a port assessment of the U.S. He also wanted everyone to know that FEMA has also "been incredible".

11 September 2017
Xiaomi Takes On The MacBook Pro With Mi Notebook Pro
That combination makes it an apparent 40 percent times more powerful than the Mi Notebook Air from previous year , Xiaomi said. Xiaomi is also releasing a premium Ceramic edition of the smartphone with 8GB of RAM and 128GB of internal storage.



Recommended