Micron Technology INC (MU) Stake Maintained by Group One Trading Lp

May 25, 2018 - By Michael Collier

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. Zurcher Kantonalbank (Zurich Cantonalbank) holds 375,715 shares or 0.14% of its portfolio. Vertex One Asset Management reported 425,500 shares or 2.98% of all its holdings. Comerica Commercial Bank has 303,569 shares for 0.09% of their portfolio. Caprock Gp holds 0.05% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 5,449 shares. Tarbox Family Office Incorporated has 0.01% invested in Micron Technology, Inc. (NASDAQ:MU). Amundi Pioneer Asset Management accumulated 4.12M shares or 0.26% of the stock. Gulf Interest Bankshares (Uk) Ltd has invested 0.17% in Micron Technology, Inc. (NASDAQ:MU). Cognios Capital Ltd Com holds 13,712 shares. North Star Management holds 0% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 984 shares. Employees Retirement System Of Texas invested 0.26% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Arizona State Retirement Systems, a Arizona-based fund reported 405,370 shares. Tiverton Asset Mngmt Ltd Liability Corp holds 0.03% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 11,920 shares. Moreover, Amer Intll Grp has 0.06% invested in Micron Technology, Inc. (NASDAQ:MU) for 474,779 shares. State Of Alaska Department Of Revenue invested 0.13% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Pub Sector Pension Inv Board invested 0.31% of its portfolio in Micron Technology, Inc. (NASDAQ:MU).

Since January 2, 2018, it had 0 insider buys, and 13 sales for $7.65 million activity. $151,496 worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by BAILEY ROBERT L. JOHNSON MERCEDES had sold 25,000 shares worth $1.26M. On Wednesday, February 14 the insider Mondry Lawrence N sold $2.17M. Deboer Scott J had sold 14,750 shares worth $638,380 on Wednesday, February 7. On Tuesday, May 8 Thorsen Steven L. JR sold $1.36 million worth of Micron Technology, Inc. (NASDAQ:MU) or 28,089 shares. Shares for $665,058 were sold by Byrne Patrick J on Wednesday, May 2.

Group One Trading Lp increased its stake in Micron Technology Inc (MU) by 42.59% based on its latest 2017Q4 regulatory filing with the SEC. Group One Trading Lp bought 636,804 shares as the company’s stock rose 18.77% while stock markets declined. The institutional investor held 2.13 million shares of the technology company at the end of 2017Q4, valued at $87.67M, up from 1.50M at the end of the previous reported quarter. Group One Trading Lp who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $71.65 billion market cap company. The stock increased 0.47% or $0.2918 during the last trading session, reaching $61.7818. About 34.04 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since May 25, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

Group One Trading Lp, which manages about $14.23 billion US Long portfolio, decreased its stake in Lennox Intl Inc (Call) by 17,200 shares to 20,200 shares, valued at $4.21M in 2017Q4, according to the filing. It also reduced its holding in Accelerate Diagnostics Inc (Put) by 137,300 shares in the quarter, leaving it with 35,600 shares, and cut its stake in Zogenix Inc (Put).

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Nasdaq.com which released: “Micron and Intel Extend their Leadership in 3D NAND Flash memory” on May 21, 2018, also 247Wallst.com with their article: “Short Sellers Hike Bets in Major Semiconductors” published on May 25, 2018, Seekingalpha.com published: “Micron +2.9% on $10B share repurchase program” on May 21, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Micron: The Big Guys Just Love It” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “Is Micron A Solid Pick At $55?” 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. Mizuho maintained Micron Technology, Inc. (NASDAQ:MU) on Tuesday, January 16 with “Buy” rating. As per Wednesday, December 20, the company rating was maintained by Wells Fargo. Morgan Stanley maintained Micron Technology, Inc. (NASDAQ:MU) rating on Tuesday, February 6. Morgan Stanley has “Overweight” rating and $54 target. Mizuho maintained the shares of MU in report on Monday, March 12 with “Buy” rating. Wells Fargo maintained it with “Outperform” rating and $70 target in Friday, March 23 report. The company was upgraded on Monday, March 12 by Nomura. The rating was maintained by Robert W. Baird with “Buy” on Friday, March 16. Stifel Nicolaus maintained it with “Buy” rating and $75.0 target in Wednesday, December 20 report. The firm earned “Buy” rating on Wednesday, January 10 by J.P. Morgan. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, November 28 report.

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

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