Micron Technology, Inc. (MU) EPS Estimated At $1.37

June 20, 2017 - By Kurt Siggers

 Micron Technology, Inc. (MU) EPS Estimated At $1.37
Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.14, from 0.98 in 2016Q3. It worsened, as 67 investors sold Micron Technology, Inc. shares while 232 reduced holdings. 86 funds opened positions while 165 raised stakes. 841.20 million shares or 0.23% more from 839.25 million shares in 2016Q3 were reported.
Burt Wealth Advsr has 1,822 shares for 0.04% of their portfolio. Nippon Life holds 0.02% or 44,650 shares. Metropolitan Life Ins Com, a New York-based fund reported 526,382 shares. Paloma Management Com, a Connecticut-based fund reported 88,683 shares. Hsbc Public Limited Liability Corporation holds 1.39M shares. Tennessee-based State Of Tennessee Treasury Department has invested 0.35% in Micron Technology, Inc. (NASDAQ:MU). Dekabank Deutsche Girozentrale reported 0.05% in Micron Technology, Inc. (NASDAQ:MU). Moreover, Highlander Cap Mngmt Ltd Co has 0.02% invested in Micron Technology, Inc. (NASDAQ:MU) for 1,000 shares. 312,006 are owned by Texas Permanent School Fund. Moreover, Trexquant L P has 0.55% invested in Micron Technology, Inc. (NASDAQ:MU) for 157,300 shares. Two Sigma invested in 139,530 shares. Moreover, Earnest Ltd Limited Liability Company has 0% invested in Micron Technology, Inc. (NASDAQ:MU). Stevens Cap Mgmt Limited Partnership holds 0.37% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 410,014 shares. Fred Alger Management Inc holds 0.45% or 3.76 million shares in its portfolio. Asset One Co Limited reported 1.91 million shares.

Since December 22, 2016, it had 0 insider purchases, and 13 insider sales for $14.02 million activity. $1.42 million worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by Thorsen Steven L. JR. ARNZEN APRIL S sold $28,950 worth of stock. 10,000 shares valued at $320,000 were sold by Deboer Scott J on Wednesday, June 7. 14,143 shares were sold by Byrne Patrick J, worth $408,911 on Tuesday, May 16. $2.00 million worth of stock was sold by Shirley Brian on Friday, January 6.

Analysts expect Micron Technology, Inc. (NASDAQ:MU) to report $1.37 EPS on June, 29.They anticipate $1.45 EPS change or 1,812.50 % from last quarter’s $-0.08 EPS. MU’s profit would be $1.48B giving it 5.69 P/E if the $1.37 EPS is correct. After having $0.77 EPS previously, Micron Technology, Inc.’s analysts see 77.92 % EPS growth. The stock increased 4.49% or $1.34 during the last trading session, reaching $31.2. About 3,061 shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since June 20, 2016 and is uptrending. It has outperformed by 159.57% the S&P500.

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

Among 37 analysts covering Micron Technology Inc. (NASDAQ:MU), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Micron Technology Inc. had 120 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Thursday, March 31 by Bernstein. The rating was maintained by Argus Research with “Buy” on Friday, December 23. Mizuho maintained the stock with “Neutral” rating in Friday, October 9 report. Goldman Sachs maintained the shares of MU in report on Wednesday, October 5 with “Neutral” rating. The company was downgraded on Tuesday, March 29 by Needham. On Thursday, March 31 the stock rating was maintained by JP Morgan with “Overweight”. The firm earned “Overweight” rating on Tuesday, August 11 by Piper Jaffray. Wedbush maintained it with “Neutral” rating and $15.0 target in Friday, October 2 report. Wedbush maintained Micron Technology, Inc. (NASDAQ:MU) on Friday, September 25 with “Neutral” rating. The company was initiated on Wednesday, December 7 by Citigroup.

Micron Technology, Inc. is engaged in semiconductor systems. The company has market cap of $33.73 billion. The Company’s portfolio of memory technologies, including dynamic random-access memory , negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. It has a 55.27 P/E ratio.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron Technology: Powering Beyond The Plateau” on June 16, 2017, also Investorplace.com with their article: “Micron Technology, Inc. (MU) Stock Dips Are Long Opportunities” published on June 19, 2017, Seekingalpha.com published: “Micron: Approaching A Peak?” on May 26, 2017. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Micron Technology: Memory Chip Prices” published on June 02, 2017 as well as Seekingalpha.com‘s news article titled: “Micron Technology: Is Earnings Beat Priced In?” with publication date: June 05, 2017.

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