James Investment Research INC Increases Stake in Micron Technology INC (MU)

September 16, 2018 - By Louis Casey

Micron Technology, Inc. (NASDAQ:MU) LogoInvestors sentiment increased to 1.4 in 2018 Q2. Its up 0.27, from 1.13 in 2018Q1. It is positive, as 59 investors sold MU shares while 236 reduced holdings. 111 funds opened positions while 302 raised stakes. 792.40 million shares or 6.41% less from 846.69 million shares in 2018Q1 were reported. Moreover, American Ins Tx has 0.26% invested in Micron Technology, Inc. (NASDAQ:MU). Highstreet Asset Mgmt accumulated 0.05% or 15,663 shares. Cwm Ltd Limited Liability Company, a Nebraska-based fund reported 778 shares. Nadler Group accumulated 4,009 shares. Secor Advsr Ltd Partnership, New York-based fund reported 87,828 shares. Paradigm Fincl Advsr Limited Co holds 58,302 shares. Norinchukin Financial Bank The has 131,402 shares for 0.1% of their portfolio. Arrowmark Colorado Llc has 231,772 shares. Lsv Asset Mgmt reported 0.09% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Strs Ohio owns 1.55M shares or 0.35% of their US portfolio. California-based Affinity Advisors Lc has invested 0.51% in Micron Technology, Inc. (NASDAQ:MU). Allsquare Wealth Limited Liability Corp stated it has 7,300 shares or 0.29% of all its holdings. Dubuque Retail Bank And Trust Company stated it has 21 shares. 18,375 were accumulated by Cubist Systematic Strategies Limited Liability Com. Brick And Kyle has invested 1.98% of its portfolio in Micron Technology, Inc. (NASDAQ:MU).

Since March 15, 2018, it had 0 insider buys, and 10 sales for $13.66 million activity. $665,058 worth of stock was sold by Byrne Patrick J on Wednesday, May 2. Thorsen Steven L. JR had sold 40,000 shares worth $2.20 million. Shares for $1.26M were sold by JOHNSON MERCEDES on Monday, April 2. Another trade for 13,695 shares valued at $768,439 was sold by Deboer Scott J. 532 shares were sold by ARNZEN APRIL S, worth $31,814. Shares for $5.40M were sold by SWITZ ROBERT E on Monday, July 2.

James Investment Research Inc increased its stake in Micron Technology Inc (MU) by 18.16% based on its latest 2018Q2 regulatory filing with the SEC. James Investment Research Inc bought 67,196 shares as the company’s stock declined 30.49% while stock markets rallied. The institutional investor held 437,224 shares of the technology company at the end of 2018Q2, valued at $22.93 million, up from 370,028 at the end of the previous reported quarter. James Investment Research Inc who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $51.38B market cap company. The stock increased 1.56% or $0.68 during the last trading session, reaching $44.3. About 40.61 million shares traded or 6.88% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 21.73% since September 16, 2017 and is uptrending. It has outperformed by 6.11% the S&P500.

James Investment Research Inc, which manages about $5.64 billion and $2.61 billion US Long portfolio, decreased its stake in Raytheon Company (NYSE:RTN) by 41,413 shares to 4,590 shares, valued at $887,000 in 2018Q2, according to the filing. It also reduced its holding in Ishares Barclays 7 (IEF) by 42,294 shares in the quarter, leaving it with 73,388 shares, and cut its stake in Teradyne Inc (NYSE:TER).

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron: Taking The Long-Term Value Investing View” on September 11, 2018, also Seekingalpha.com with their article: “Micron: Focus On The Long Term” published on August 28, 2018, Seekingalpha.com published: “What’s Happened To Micron Technology Lately?” on September 04, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Nasdaq.com and their article: “3 Incredibly Cheap Technology Stocks” published on September 15, 2018 as well as Nasdaq.com‘s news article titled: “Micron Stock Is Reaching a Key Inflection Point” with publication date: September 13, 2018.

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

Among 26 analysts covering Micron Technology (NASDAQ:MU), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. Micron Technology has $108 highest and $35 lowest target. $76.08’s average target is 71.74% above currents $44.3 stock price. Micron Technology had 44 analyst reports since March 19, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, June 21 by BMO Capital Markets. As per Monday, April 16, the company rating was maintained by KeyBanc Capital Markets. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Outperform” rating given on Tuesday, May 22 by Credit Suisse. As per Friday, March 23, the company rating was maintained by KeyBanc Capital Markets. As per Tuesday, May 15, the company rating was maintained by Mizuho. Stifel Nicolaus maintained Micron Technology, Inc. (NASDAQ:MU) on Friday, March 23 with “Buy” rating. The firm has “Buy” rating by M Partners given on Monday, March 26. The stock has “Buy” rating by Argus Research on Monday, March 26. JP Morgan maintained Micron Technology, Inc. (NASDAQ:MU) rating on Thursday, June 21. JP Morgan has “Overweight” rating and $84 target. RBC Capital Markets maintained it with “Buy” rating and $8000 target in Tuesday, June 19 report.

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

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