Micron Technology, Inc. (MU) Reaches $51.56 After 4.00% Down Move; 14 Analysts Are Bullish Whitbread PLC (LON:WTB) Last Week

April 19, 2018 - By Peter Erickson

Micron Technology, Inc. (NASDAQ:MU) Logo

The stock of Micron Technology, Inc. (NASDAQ:MU) is a huge mover today! The stock decreased 4.55% or $2.45 during the last trading session, reaching $51.56. About 28.64 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since April 19, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.The move comes after 7 months negative chart setup for the $59.79B company. It was reported on Apr, 19 by Barchart.com. We have $49.50 PT which if reached, will make NASDAQ:MU worth $2.39B less.

Among 28 analysts covering Whitbread PLC (LON:WTB), 14 have Buy rating, 3 Sell and 11 Hold. Therefore 50% are positive. Whitbread PLC had 281 analyst reports since July 24, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with “Outperform” rating in Friday, February 16 report. The firm has “Buy” rating given on Monday, December 7 by Nomura. The rating was maintained by Numis Securities with “Hold” on Friday, January 13. Deutsche Bank maintained Whitbread PLC (LON:WTB) rating on Friday, January 12. Deutsche Bank has “Buy” rating and GBX 4300 target. The rating was maintained by Shore Capital with “Buy” on Thursday, March 1. Canaccord Genuity maintained it with “Buy” rating and GBX 6000 target in Tuesday, October 20 report. The rating was downgraded by Goldman Sachs to “Sell” on Friday, June 2. On Wednesday, April 27 the stock rating was maintained by Barclays Capital with “Equal Weight”. The rating was maintained by Goldman Sachs on Thursday, January 12 with “Neutral”. The rating was maintained by Goldman Sachs on Monday, October 12 with “Buy”. See Whitbread PLC (LON:WTB) latest ratings:

16/04/2018 Broker: Stifel Nicolaus Rating: Buy Old Target: GBX 4300.00 New Target: GBX 4300.00 Maintain
16/04/2018 Broker: Canaccord Genuity Rating: Buy Old Target: GBX 4500.00 New Target: GBX 4500.00 Maintain
16/04/2018 Broker: Credit Suisse Rating: Outperform New Target: GBX 4950.00 Maintain
16/04/2018 Broker: Deutsche Bank Rating: Buy Maintain
16/04/2018 Broker: Numis Securities Rating: Hold Old Target: GBX 4300.00 New Target: GBX 4300.00 Maintain
29/03/2018 Broker: Barclays Capital Rating: Equal Weight Old Target: GBX 3920.00 New Target: GBX 3920.00 Maintain
29/03/2018 Broker: Morgan Stanley Rating: Equal Weight Old Target: GBX 4300.00 New Target: GBX 4200.00 Maintain
01/03/2018 Broker: Shore Capital Rating: Buy Maintain
01/03/2018 Broker: Deutsche Bank Rating: Buy Maintain
28/02/2018 Broker: Liberum Capital Rating: Hold Old Target: GBX 4150.00 New Target: GBX 4150.00 Maintain

Whitbread PLC operates hotels, restaurants, and coffee shops. The company has market cap of 7.66 billion GBP. The firm operates through two divisions, Premier Inn & Restaurants and Costa. It has a 16.23 P/E ratio. It operates approximately 760 hotels with 68,000 rooms in the United Kingdom, the Middle East, and Germany, as well as hotels under the Premier Inn brand name; hotels under the hub by Premier Inn brand name in the United Kingdom; and restaurants under the Brewers Fayre, Beefeater Grill, and Table Table brands.

The stock increased 0.58% or GBX 24 during the last trading session, reaching GBX 4174. About 293,114 shares traded. Whitbread PLC (LON:WTB) has 0.00% since April 19, 2017 and is . It has underperformed by 11.55% the S&P500.

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.13, from 1.37 in 2017Q3. It worsened, as 49 investors sold Micron Technology, Inc. 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. Cypress Funds Ltd Limited Liability Company stated it has 935,000 shares or 6.65% of all its holdings. Shamrock Asset Management Limited Liability Com reported 0% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Norinchukin Natl Bank The has invested 0.07% in Micron Technology, Inc. (NASDAQ:MU). Focused Wealth Management has 10,500 shares for 0.14% of their portfolio. Philadelphia Trust has 0.02% invested in Micron Technology, Inc. (NASDAQ:MU). Cypress Ltd Llc (Wy) reported 1.86% stake. Pnc holds 255,880 shares or 0.01% of its portfolio. Arrow Financial owns 100 shares. San Francisco Sentry Investment Grp Incorporated (Ca) accumulated 947 shares. Cap Global Invsts, a California-based fund reported 37.01M shares. Ameritas Invest Prtnrs has 45,777 shares for 0.09% of their portfolio. Cwm Ltd Company stated it has 168 shares. Pacad Inv stated it has 2.8% in Micron Technology, Inc. (NASDAQ:MU). Conning owns 30,604 shares. Sector Pension Investment Board reported 1.14M shares.

Since October 19, 2017, it had 0 insider purchases, and 10 selling transactions for $5.48 million activity. Another trade for 3,000 shares valued at $129,520 was sold by BAILEY ROBERT L. 30,000 shares were sold by Deboer Scott J, worth $1.26 million on Thursday, October 19. On Wednesday, February 14 Mondry Lawrence N sold $2.17M worth of Micron Technology, Inc. (NASDAQ:MU) or 50,000 shares. ARNZEN APRIL S also sold $31,814 worth of Micron Technology, Inc. (NASDAQ:MU) shares. Shares for $1.26M were sold by JOHNSON MERCEDES on Monday, April 2.

Micron Technology, Inc. provides semiconductor systems worldwide. The company has market cap of $59.79 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 8.06 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.

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 34 have Buy rating, 1 Sell and 7 Hold. Therefore 81% are positive. Micron Technology Inc. had 238 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Nomura on Monday, March 12 to “Buy”. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Hold” rating given on Wednesday, December 20 by BMO Capital Markets. The rating was maintained by Cowen & Co on Wednesday, September 6 with “Buy”. As per Wednesday, December 20, the company rating was maintained by KeyBanc Capital Markets. As per Thursday, December 22, the company rating was maintained by Cowen & Co. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Deutsche Bank on Friday, June 30. The stock has “Overweight” rating by Morgan Stanley on Tuesday, February 6. The firm has “Buy” rating given on Friday, August 18 by Stifel Nicolaus. The rating was maintained by Credit Suisse on Tuesday, March 20 with “Outperform”. The company was downgraded on Monday, August 29 by Standpoint Research.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on July, 5. They expect $2.81 earnings per share, up 100.71% or $1.41 from last year’s $1.4 per share. MU’s profit will be $3.26 billion for 4.59 P/E if the $2.81 EPS becomes a reality. After $2.80 actual earnings per share reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 0.36% EPS growth.

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

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