On Jun 27, 2018 UBS Reports Rating Change From “Sell” On Micron Technology (NASDAQ:MU).

June 27, 2018 - By Glen Chin

Micron Technology, Inc. (NASDAQ:MU) Corporate Logo

Big Money Sentiment decreased to 1.13 in Q1 2018. It has change of 0.11, from 2017Q4’s 1.24. The ratio dropped due to Micron Technology, Inc. positioning: 52 sold and 282 reduced. 138 funds amassed holdings and 241 increased holdings. Investors holded 883.15 million in 2017Q4 but now own 846.69 million shares or 4.13% less.

Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corporation, a Alberta – Canada-based fund reported 24,100 shs. 31,987 were reported by Ls Invest Lc. Nelson Van Denburg And Campbell Wealth Management Group Inc Ltd reported 2,813 shs. New York-based Carret Asset Mgmt Ltd Com has invested 0.06% in Micron Technology, Inc. (NASDAQ:MU). Crow Point Ltd Liability Corp owns 1,862 shs or 0.02% of their US capital. State Of New Jersey Common Pension Fund D holds 1.65 million shs. Cambridge Invest Advsr accumulated 93,095 shs. Trexquant Invest Limited Partnership holds 161,883 shs or 0.59% of its capital. Macroview Inv Mngmt Ltd Liability Co accumulated 0.01% or 69 shs. Cornerstone Advsr owns 20,000 shs. United Kingdom-based Lombard Odier Asset Mngmt (Europe) has invested 0.04% in Micron Technology, Inc. (NASDAQ:MU). Montecito Bancorp And Tru stated it has 0.08% in Micron Technology, Inc. (NASDAQ:MU). Art Advisors Ltd Liability invested 0.13% of its capital in Micron Technology, Inc. (NASDAQ:MU). Canada Pension Plan Invest Board accumulated 2.73M shs or 0.24% of the stock. Thompson Davis And owns 0.18% invested in Micron Technology, Inc. (NASDAQ:MU) for 1,350 shs.

Micron Technology, Inc. registered $9.36 million net activity with 0 buys and 15 selling transactions since January 2, 2018. Byrne Patrick J sold $665,058 worth of stock. Deboer Scott J sold $768,439 worth of Micron Technology, Inc. (NASDAQ:MU) or 13,695 shs on Monday, March 26. Shares for $139,220 were sold by BAILEY ROBERT L on Tuesday, May 1. On Wednesday, February 14 50,000 shs were sold by Mondry Lawrence N, worth $2.17 million. On Monday, April 2 $1.26 million worth of Micron Technology, Inc. (NASDAQ:MU) was sold by JOHNSON MERCEDES. Thorsen Steven L. JR sold $1.36M worth of Micron Technology, Inc. (NASDAQ:MU) on Tuesday, May 8.

UBS Upped Micron Technology (NASDAQ:MU)’s Rating to “Neutral”.

Investment analysts changed Micron Technology (NASDAQ:MU)‘s rating on Tuesday, 26 June. It was made public in an analyst note that UBS increased MU’s stock from “Sell” to “Neutral”.

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

In total 25 analysts cover Micron (NASDAQ:MU). “Buy” rating has 19, “Sell” are 0, while 6 are “Hold”. (NASDAQ:MU) has 76% bullish analysts. 61 are the (NASDAQ:MU)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Thursday, March 8 the firm earned “Buy” rating by Susquehanna. In Tuesday, June 19 report RBC Capital Markets maintained the stock with “Buy” rating. On Tuesday, May 22 Nomura maintained the shares of MU in report with “Buy” rating. The company rating was maintained by Deutsche Bank on Monday, March 19. On Friday, March 23 the company was maintained by Stifel Nicolaus. In Thursday, June 21 report JP Morgan maintained it with “Overweight” rating and $84 target. On Monday, March 26 the stock of Micron Technology, Inc. (NASDAQ:MU) earned “Hold” rating by Bernstein. In Tuesday, June 26 report UBS upgraded the stock to “Neutral” rating. On Wednesday, February 7 the firm has “Buy” rating given by Goldman Sachs. On Thursday, June 21 the company was maintained by Credit Suisse.

The stock decreased 2.48% or $1.355 during the last trading session, reaching $53.235.Micron Technology, Inc. has volume of 26.79 million shares. Since June 27, 2017 MU has risen 108.46% and is uptrending. MU outperformed by 95.89% the S&P500.

Micron Technology, Inc. provides semiconductor systems worldwide.The company has $61.74 billion market cap. The firm operates through four divisions: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit.The P/E ratio is 5.34. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; lower power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 DRAM and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as for computer memory upgrades; and hybrid memory cube semiconductor memory devices.

For more Micron Technology, Inc. (NASDAQ:MU) news released recently go to: Seekingalpha.com, Seekingalpha.com, 247Wallst.com, Schaeffersresearch.com or Fool.com. The titles are as follows: “Micron Technology: 2018 Target Prices” released on June 13, 2018, “Micron: Higher Value Products Lead To Higher Valuations” on June 25, 2018, “Major Semiconductors Scare Off Short Sellers” with a publish date: June 27, 2018, “China Trade Tensions Crush Micron Stock Options Bulls” and the last “Why Netflix, Micron Technology, and US Steel Slumped Today” with publication date: June 25, 2018.

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

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