Micron Technology, Inc. (MU) Analysts See $2.69 EPS

March 15, 2018 - By Adrian Mccoy

 Micron Technology, Inc. (MU) Analysts See $2.69 EPS
Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.29, from 1.08 in 2017Q2. It increased, as 52 investors sold Micron Technology, Inc. shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported.
Us Bancorporation De, a Minnesota-based fund reported 37,963 shares. State Of New Jersey Common Pension Fund D reported 1.94M shares. Nomura owns 578,616 shares or 0.05% of their US portfolio. Corsair Cap Management L P owns 0.07% invested in Micron Technology, Inc. (NASDAQ:MU) for 10,000 shares. Alpha Windward Ltd Liability Corp reported 0.04% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Tiaa Cref Invest Management Ltd Liability Company has 0.13% invested in Micron Technology, Inc. (NASDAQ:MU) for 4.70 million shares. Trexquant Investment Ltd Partnership invested in 65,515 shares or 0.65% of the stock. Hightower Advsrs Ltd Liability Corporation owns 0.08% invested in Micron Technology, Inc. (NASDAQ:MU) for 226,313 shares. Everence holds 0.17% or 19,070 shares. Zacks Inv Management invested in 481,678 shares. Aperio Grp Inc Ltd holds 0.11% or 511,131 shares in its portfolio. Kingdon Cap Limited Company reported 1.44 million shares. Prelude Capital Mgmt Limited Liability Com owns 2.15% invested in Micron Technology, Inc. (NASDAQ:MU) for 606,617 shares. Glg Limited Liability Company invested 0.29% in Micron Technology, Inc. (NASDAQ:MU). Gotham Asset Mgmt Lc holds 1.48M shares or 0.85% of its portfolio.

Since September 28, 2017, it had 0 insider buys, and 12 sales for $13.49 million activity. 50,000 shares were sold by Mondry Lawrence N, worth $2.17M on Wednesday, February 14. BAILEY ROBERT L sold $144,003 worth of Micron Technology, Inc. (NASDAQ:MU) on Thursday, March 1. Another trade for 118,944 shares valued at $4.53M was sold by Thorsen Steven L. JR. ARNZEN APRIL S also sold $53,487 worth of Micron Technology, Inc. (NASDAQ:MU) shares. Poppen Joel L had sold 80,000 shares worth $3.09 million.

Analysts expect Micron Technology, Inc. (NASDAQ:MU) to report $2.69 EPS on March, 22 after the close.They anticipate $1.92 EPS change or 249.35 % from last quarter’s $0.77 EPS. MU’s profit would be $3.11B giving it 5.49 P/E if the $2.69 EPS is correct. After having $2.41 EPS previously, Micron Technology, Inc.’s analysts see 11.62 % EPS growth. The stock decreased 1.27% or $0.76 during the last trading session, reaching $59.02. About 10.03M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since March 15, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

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

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 36 have Buy rating, 0 Sell and 6 Hold. Therefore 86% are positive. Micron Technology Inc. had 221 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Monday, September 21 by Barclays Capital. The firm earned “Buy” rating on Tuesday, November 28 by Robert W. Baird. The firm has “Buy” rating by Deutsche Bank given on Wednesday, October 5. Drexel Hamilton upgraded Micron Technology, Inc. (NASDAQ:MU) on Wednesday, July 29 to “Buy” rating. The rating was upgraded by BMO Capital Markets on Monday, October 9 to “Hold”. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, February 5. The firm earned “Buy” rating on Wednesday, December 20 by Stifel Nicolaus. The stock has “Neutral” rating by Wedbush on Friday, October 2. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Thursday, March 8 by Susquehanna. The stock has “Sector Weight” rating by Pacific Crest on Tuesday, April 19.

Micron Technology, Inc. provides semiconductor systems worldwide. The company has market cap of $68.25 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 9.22 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: Nasdaq.com which released: “The Zacks Analyst Blog Highlights: Micron Technology, Intel, ON Semiconductor …” on March 14, 2018, also Marketwatch.com with their article: “Micron shares rally as analyst nearly doubles price target” published on March 12, 2018, Seekingalpha.com published: “Micron Technology: Bits, Bits, Bits” on March 13, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Investorplace.com and their article: “Micron Technology, Inc. Stock: I Got Your Super-Cycle Right Here” published on March 05, 2018 as well as Investorplace.com‘s news article titled: “Why Micron Technology, Inc. Stock Is Surging Today” with publication date: March 12, 2018.

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