Micron Technology (NASDAQ:MU) Given "Buy" Rating at Deutsche Bank

Henrietta Strickland
December 18, 2017

Parnassus Investments sold 2.50 million shares as the company's stock rose 19.14% with the market. Eaton Corp. Plc now has $34.38B valuation. The stock decreased 0.59% or $4.17 during the last trading session, reaching $697.06. About 3.04M shares traded or 22.67% up from the average. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since December 17, 2016 and is uptrending. It has outperformed by 75.04% the S&P500. The institutional investor held 855,000 shares of the technology company at the end of 2017Q2, valued at $25.53 million, up from 812,598 at the end of the previous reported quarter.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 26th. Old West Investment Management Llc bought 8,937 shares as the company's stock rose 1.02% with the market. $3.09M worth of Micron Technology, Inc. The stock increased 0.38% or $0.16 during the last trading session, reaching $42.4. About 14.32M shares traded. It has outperformed by 159.57% the S&P500.

River & Mercantile Asset Management Llp decreased its stake in Micron Technology Inc (MU) by 42.15% based on its latest 2017Q2 regulatory filing with the SEC. (NYSE:AZO), 11 have Buy rating, 0 Sell and 12 Hold. Therefore 83% are positive. J P Morgan Chase & Co upped their price objective on Micron Technology from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, November 10th. Credit Suisse has "Outperform" rating and $25 target. Barclays Capital maintained Micron Technology, Inc. (NASDAQ:MU) earned "Neutral" rating by Wedbush on Monday, August 17. As per Wednesday, August 5, the company rating was maintained by Morgan Stanley. Ubs Asset Management Americas invested in 9.32M shares or 0% of the stock. $3.09 million worth of Micron Technology, Inc. (NASDAQ:MU) on Monday, March 21 with "Buy" rating. Micron Technology had a return on equity of 19.05% and a net margin of 14.66%. (NASDAQ:MU) has "Outperform" rating given on Wednesday, June 8 by Cowen & Co.

Marathon Trading Investment Management Llc increased Alibaba Group Hldg Ltd (Call) stake by 87,700 shares to 91,200 valued at $12.85 million in 2017Q2. It also increased its holding in Astronics Corp (NASDAQ:ATRO) by 155,000 shares in the quarter, for a total of 590,000 shares, and has risen its stake in Milacron Holdings Corp. Spdr Gold Trust (Put) was raised too.

Investors sentiment increased to 1.08 in Q2 2017. The company has a current ratio of 2.34, a quick ratio of 1.75 and a debt-to-equity ratio of 0.51. It increased, as 63 investors sold MU shares while 217 reduced holdings.

Several hedge funds have recently made changes to their positions in the company. The semiconductor manufacturer reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.84 by $0.18. Stadium Capital Management Llc owns 14.75 million shares or 13.61% of their USA portfolio. Carderock Capital Mgmt holds 0.44% or 1,726 shares in its portfolio. Thrivent Financial For Lutherans has 41,791 shares for 0.01% of their portfolio. Virtus Inv Advisers holds 0.08% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Thompson Davis reported 1,886 shares stake. The New York-based Quantbot Ltd Partnership has invested 0.36% in Micron Technology, Inc. (NASDAQ:MU) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. Advantus Cap Management accumulated 0.08% or 104,818 shares. (NASDAQ:MU) were released by: Seekingalpha.com and their article: "Micron Is A No-Brainer" published on December 04, 2017 as well as Seekingalpha.com's news article titled: "Micron Technology: "This Is Not The End" with publication date: December 01, 2017. (NASDAQ:MRCY). Capstone Asset reported 15,530 shares. (NASDAQ:MU). Putnam Invests Ltd has invested 0.16% in Micron Technology, Inc. Paradigm Fincl Advsr Ltd Limited Liability Company holds 12,200 shares. It worsened, as 56 investors sold VFC shares while 250 reduced holdings. (NASDAQ:MU). Tpg Gp Hldgs (Sbs) has invested 0.04% in Micron Technology, Inc. Moreover, Da Davidson And has 0.03% invested in AutoZone, Inc. (NASDAQ:MU) for 957,515 shares. Roundview Cap Lc owns 0.57% invested in Micron Technology, Inc.

Since August 1, 2017, it had 0 insider buys, and 13 insider sales for $12.58 million activity. Deboer Scott J had sold 30,000 shares worth $1.26 million. 327 shares were sold by ARNZEN APRIL S, worth $10,507 on Friday, September 1. Also, Director Robert L. Bailey sold 3,000 shares of the business's stock in a transaction on Friday, December 1st. Poppen Joel L sold $3.09M worth of stock. The business's revenue was up 90.8% compared to the same quarter last year. equities research analysts anticipate that Micron Technology will post 7.42 earnings per share for the current year. (NASDAQ:MU) to report earnings on December, 20. Bridgeway Capital invested in 0.57% or 1.60 million shares. MU's profit will be $2.44 billion for 5.00 P/E if the $2.12 EPS becomes a reality.

Among 29 analysts covering Eaton Corporation (NYSE:ETN), 7 have Buy rating, 4 Sell and 18 Hold. Therefore 45% are positive. V.F. Corp had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has "Hold" rating by RBC Capital Markets on Thursday, July 6. The rating was maintained by Jefferies on Monday, June 26 with "Hold". The rating was downgraded by Bank of America on Tuesday, October 17 to "Underperform". BidaskClub cut shares of Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday. The firm has "In-Line" rating given on Monday, August 7 by Evercore.

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