As Micron Technology INC (Call) (MU) Stock Price Rose, Millennium Management LLC Lifted Its Position by $394.56 Million

March 14, 2018 - By Dolores Ford

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.29, from 1.08 in 2017Q2. It increased, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported. Quantitative Mngmt Limited Liability Co owns 1.36M shares for 0.61% of their portfolio. Renaissance Tech Ltd holds 0.31% in Micron Technology, Inc. (NASDAQ:MU) or 6.73 million shares. Moreover, Birinyi Assoc Incorporated has 0.1% invested in Micron Technology, Inc. (NASDAQ:MU) for 5,500 shares. Nwq Invest Mgmt Lc holds 0.01% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 12,636 shares. Tarbox Family Office reported 396 shares. Peak6 Invs LP has 0.18% invested in Micron Technology, Inc. (NASDAQ:MU) for 887,119 shares. Bbr Partners Limited Liability holds 5,430 shares or 0.05% of its portfolio. 2,095 were reported by Next Fincl Grp Inc. Jane Street Gp Ltd Company, a New York-based fund reported 1.92 million shares. New Mexico Educational Retirement Board holds 0.18% or 96,625 shares. Colony Grp Ltd Liability Com accumulated 9,945 shares. Farmers Merchants Investments has 349 shares for 0% of their portfolio. Saturna Capital Corporation reported 13,973 shares. The California-based Schwab Charles Mgmt has invested 0.13% in Micron Technology, Inc. (NASDAQ:MU). The Michigan-based Comerica Comml Bank has invested 0.08% in Micron Technology, Inc. (NASDAQ:MU).

Since September 15, 2017, it had 0 buys, and 12 selling transactions for $13.49 million activity. 118,944 shares were sold by Thorsen Steven L. JR, worth $4.53 million. The insider Deboer Scott J sold $1.26 million. Another trade for 50,000 shares valued at $2.17M was sold by Mondry Lawrence N. $53,487 worth of stock was sold by ARNZEN APRIL S on Thursday, February 15. $3.09M worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by Poppen Joel L.

Israel Englander increased its stake in Micron Technology Inc (Call) (MU) by 404.68% based on its latest 2017Q3 regulatory filing with the SEC. Millennium Management Llc bought 10.12 million shares as the company’s stock rose 19.14% with the market. The hedge fund run by Israel Englander held 12.62 million shares of the technology company at the end of 2017Q3, valued at $496.23M, up from 2.50 million at the end of the previous reported quarter. Millennium Management Llc who had been investing in Micron Technology Inc (Call) for a number of months, seems to be bullish on the $69.13 billion market cap company. The stock increased 0.59% or $0.35 during the last trading session, reaching $59.78. About 78.61 million shares traded or 65.31% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since March 14, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Millennium Management Llc, which manages about $65.63 billion US Long portfolio, decreased its stake in Ishares Tr (Put) (EEM) by 125,000 shares to 50,000 shares, valued at $2.24 million in 2017Q3, according to the filing. It also reduced its holding in Costco Whsl Corp New (NASDAQ:COST) by 1.17M shares in the quarter, leaving it with 550,997 shares, and cut its stake in Pioneer Nat Res Co (NYSE:PXD).

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: which released: “Micron Technology: Bits, Bits, Bits” on March 13, 2018, also with their article: “The Zacks Analyst Blog Highlights: Micron Technology, Intel, ON Semiconductor …” published on March 14, 2018, published: “Micron Technology, Inc. Still Has More Room to Run!” on March 14, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: and their article: “Investors Should Expect More Upside in Micron Technology, Inc. Stock” published on March 08, 2018 as well as‘s news article titled: “Micron shares rally as analyst nearly doubles price target” with publication date: March 12, 2018.

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

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 36 have Buy rating, 0 Sell and 6 Hold. Therefore 86% are positive. Micron Technology Inc. had 220 analyst reports since July 29, 2015 according to SRatingsIntel. Bank of America upgraded the stock to “Buy” rating in Thursday, February 9 report. The firm earned “Buy” rating on Wednesday, October 5 by Stifel Nicolaus. As per Thursday, September 7, the company rating was maintained by Mizuho. Mizuho maintained it with “Buy” rating and $20 target in Monday, August 22 report. The firm has “Buy” rating given on Tuesday, February 6 by Mizuho. The company was maintained on Friday, September 29 by Nomura. The rating was upgraded by Nomura on Thursday, June 23 to “Buy”. The firm has “Buy” rating by Loop Capital given on Friday, October 13. Goldman Sachs maintained the shares of MU in report on Thursday, January 11 with “Buy” rating. The firm earned “Buy” rating on Tuesday, September 5 by Morgan Stanley.

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