Health Care

Micron Technology, Inc. (NASDAQ:MU) EVP Scott J. Deboer Sells 10000 Shares

Micron Technology, Inc. (NASDAQ:MU) EVP Scott J. Deboer Sells 10000 Shares”

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Thursday, June 29th. The Banque Pictet & Cie Sa holds 381,605 shares with $8.37 million value, down from 463,525 last quarter. GSA Capital Partners LLP's holdings in Micron Technology were worth $3,356,000 as of its most recent filing with the Securities and Exchange Commission. Following the completion of the sale, the executive vice president now directly owns 140,232 shares of the company's stock, valued at $4,767,888. About 15.93M shares traded.

Micron Technology, (NASDAQ MU) transacted up 1.1864% throughout intraday market trading on early Wednesday, topping $36.3765. BBY's SI was 31.02 million shares in September as released by FINRA. The short-interest ratio decreased to 2.0 and the percentage of shorted shares was 0.04% on August 31. About 14.87M shares traded. It has outperformed by 46.10% the S&P500.

Investors sentiment increased to 1.08 in Q4 2016. Its up 0.03, from 1.05 in 2016Q3.

Institutional investors have recently made changes to their positions in the business.

These funds have shifted positions in (MU). 841.20 million shares or 0.23% more from 839.25 million shares in 2016Q3 were reported. Svcs Automobile Association holds 0.06% or 833,251 shares. Micron Technology had a positive return on equity of 0.81% and a negative net margin of 2.32%.

These firms have modified their investment in MU. Zwj Invest Counsel Incorporated owns 715,128 shares. Arizona State Retirement owns 257,449 shares or 0.08% of their USA portfolio. Hilltop Incorporated has invested 0.13% in Micron Technology, Inc. Goldman Sachs Group, Inc. (NASDAQ:MU) has a current ABR of N/A. Nj State Employees Deferred Compensation Plan has invested 0.13% in Micron Technology, Inc.

Several analysts have issued reports on MU shares. Cibc Ww Corporation holds 0.19% or 829,300 shares. British Columbia Invest Mngmt holds 482,929 shares.

In related news, EVP Scott J. Deboer sold 29,500 shares of the company's stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $27.89 per share, with a total value of $94,826.00. 1,000 shares were sold by ARNZEN APRIL S, worth $30,750. Shirley Brian also sold $2.52M worth of Micron Technology, Inc. (NASDAQ:MU). Clearbridge Ltd Liability Co accumulated 0% or 155 shares. 10,000 Micron Technology, Inc. (NASDAQ:MU) shares with value of $300,000 were sold by Deboer Scott J. The conference took place on September 6, 2017, a few weeks before the company's fiscal 4Q17 earnings release on September 26, 2017. The semiconductor manufacturer reported $1.62 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.37 by $0.25. This translates into $1.93B profit for MU giving the stock a 5.15 P/E. Analysts expect next quarter's EPS will be $1.80 and the next full year EPS is projected to be $6.35.

Banque Pictet & Cie Sa increased 3M Co (NYSE:MMM) stake by 58,369 shares to 197,819 valued at $35.33 million in 2016Q4. Wealthtrust owns 764 shares. Celgene Corp (Put) (NASDAQ:CELG) was raised too.

Among 41 analysts covering Micron Technology Inc. Therefore 80% are positive. BidaskClub lifted shares of Micron Technology from a "buy" recommendation to a "strong-buy" recommendation in a analysis note on Tue, Sep 12th. (NASDAQ:MU) was sold by Thorsen Steven L. JR on Wednesday, March 29. Nomura maintained Micron Technology, Inc. Cypress Capital Management LLC (wy) added to its stake by buying 6,060 shares an increase of 35.4% from 03/31/2017 to 06/30/2017.

The company is up from yesterday's close of 35.43. The stock has an average rating of "Buy" and an average price target of $37.29. As per Monday, March 21, the company rating was maintained by Deutsche Bank. According to technical indicators, the stock has entered the overbought zone. Summit Redstone Partners upgraded Micron Technology, Inc. (NASDAQ:MU) rating on Thursday, December 22. Nomura has "Buy" rating and $23 target.

Micron Technology, engaged in semiconductor systems. The company has market cap of $15.99 billion. It has a 14.19 P/E ratio. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company.

On August 18 Stifel Nicolaus left the stock rating at "Buy" but raised the price target from $34.00 to $62.00. Citigroup maintained it with "Buy" rating and $4500 target in Wednesday, July 19 report. The firm earned "Outperform" rating on Wednesday, October 5 by Robert W. Baird. Oppenheimer downgraded it to "Perform" rating and $43 target in Friday, February 12 report. (NASDAQ:MU) has "Buy" rating given on Tuesday, September 5 by Morgan Stanley.

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