Micron Technology INC (MU) Position Has Boosted by Trexquant Investment Lp

May 24, 2018 - By Ellis Scott

Micron Technology, Inc. (NASDAQ:MU) LogoInvestors sentiment decreased to 1.24 in 2017 Q4. Its down 0.13, from 1.37 in 2017Q3. It worsened, as 49 investors sold MU shares while 245 reduced holdings. 126 funds opened positions while 239 raised stakes. 883.15 million shares or 0.40% less from 886.67 million shares in 2017Q3 were reported. Fuller And Thaler Asset Management invested in 9,500 shares. Boothbay Fund Ltd Company reported 11,230 shares stake. Fincl Bank Of Stockton reported 8,943 shares. Clearline Cap Lp holds 1.06% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 49,672 shares. The Switzerland-based Credit Suisse Ag has invested 0.11% in Micron Technology, Inc. (NASDAQ:MU). Quantitative Invest Mngmt Ltd Limited Liability Company invested 0.3% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Moreover, Dimensional Fund Advisors LP has 0.23% invested in Micron Technology, Inc. (NASDAQ:MU) for 13.37 million shares. Etrade Capital Management Ltd reported 0.01% in Micron Technology, Inc. (NASDAQ:MU). Oakbrook Invests Limited Liability Corporation stated it has 91,030 shares. Blair William Il holds 233,145 shares. Cetera Advisor Netwr Limited accumulated 15,504 shares or 0.03% of the stock. Moreover, Proshare Advisors Ltd Limited Liability Company has 0.24% invested in Micron Technology, Inc. (NASDAQ:MU). Signaturefd Lc has 10,581 shares. Wafra Investment Advisory Group Inc Inc stated it has 339,209 shares or 0.64% of all its holdings. The Japan-based Fukoku Mutual Life Insur has invested 0.04% in Micron Technology, Inc. (NASDAQ:MU).

Since January 2, 2018, it had 0 insider buys, and 13 sales for $7.65 million activity. On Wednesday, May 2 the insider Byrne Patrick J sold $665,058. JOHNSON MERCEDES had sold 25,000 shares worth $1.26M. $1.36M worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by Thorsen Steven L. JR. 1,222 shares were sold by ARNZEN APRIL S, worth $53,487. 50,000 shares were sold by Mondry Lawrence N, worth $2.17M. Shares for $638,380 were sold by Deboer Scott J on Wednesday, February 7.

Trexquant Investment Lp increased its stake in Micron Technology Inc (MU) by 267.19% based on its latest 2017Q4 regulatory filing with the SEC. Trexquant Investment Lp bought 175,047 shares as the company’s stock rose 18.77% while stock markets declined. The institutional investor held 240,562 shares of the technology company at the end of 2017Q4, valued at $9.89 million, up from 65,515 at the end of the previous reported quarter. Trexquant Investment Lp who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $71.31 billion market cap company. The stock increased 2.53% or $1.52 during the last trading session, reaching $61.49. About 71.27 million shares traded or 25.37% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since May 24, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Investorplace.com which released: “3 Internet of Things Stocks That Are Set to Have Monster Futures” on May 23, 2018, also Finance.Yahoo.com with their article: “Tuesday’s Vital Data: General Electric Company (GE), Micron Technology, Inc. (MU) and Chesapeake Energy …” published on May 22, 2018, Nasdaq.com published: “Micron and Intel Extend their Leadership in 3D NAND Flash memory” on May 21, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Where Does Micron Technology Go From Here?” published on May 15, 2018 as well as Benzinga.com‘s news article titled: “What Wall Street Thinks Of Micron’s Investor Day” with publication date: May 22, 2018.

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

Among 25 analysts covering Micron (NASDAQ:MU), 20 have Buy rating, 1 Sell and 4 Hold. Therefore 80% are positive. Micron had 60 analyst reports since November 27, 2017 according to SRatingsIntel. Morgan Stanley maintained Micron Technology, Inc. (NASDAQ:MU) on Thursday, May 10 with “Buy” rating. The rating was maintained by Cowen & Co with “Buy” on Thursday, March 22. On Monday, March 26 the stock rating was maintained by Argus Research with “Buy”. J.P. Morgan maintained the stock with “Buy” rating in Wednesday, January 10 report. Robert W. Baird maintained it with “Buy” rating and $60.0 target in Tuesday, November 28 report. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, March 8. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Mizuho on Wednesday, December 20. Cowen & Co maintained it with “Buy” rating and $53.0 target in Wednesday, February 21 report. On Tuesday, February 6 the stock rating was upgraded by Needham to “Buy”. Citigroup maintained the shares of MU in report on Tuesday, February 6 with “Buy” rating.

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

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