Micron (NASDAQ:MU) with $80 Target At RBC Capital Mkts.

May 17, 2018 - By Robert Reynolds

Micron Technology, Inc. (NASDAQ:MU) Corporate Logo

Big Money Sentiment decreased to 1.24 in 2017 Q4. It has change of 0.13, from 2017Q3’s 1.37. The ratio fall due to Micron Technology, Inc. positioning: 49 sold and 245 reduced. 126 funds acquired positions and 239 increased positions. Investors holded 886.67 million in 2017Q3 but now own 883.15 million shares or 0.40% less.

Tuttle Tactical Mngmt Limited Company invested in 34,835 shs. Sterling Management Ltd Liability Co reported 0.05% in Micron Technology, Inc. (NASDAQ:MU). Rafferty Asset Limited Liability Corp invested in 504,277 shs or 0.36% of the stock. Dupont Cap Mngmt Corp accumulated 0.05% or 48,518 shs. Goldman Sachs Gru Incorporated holds 0.17% of its capital in Micron Technology, Inc. (NASDAQ:MU) for 17.30M shs. Brandywine Global Invest Mgmt Limited reported 0.63% in Micron Technology, Inc. (NASDAQ:MU). Polar Ltd Liability Partnership invested in 705,223 shs or 0.3% of the stock. Ahl Prtn Llp, United Kingdom-based fund reported 93,574 shs. Wilbanks Smith And Thomas Asset Mngmt Llc reported 6,533 shs. Boothbay Fund Management Ltd reported 0.07% of its capital in Micron Technology, Inc. (NASDAQ:MU). Old Mutual Customised Solutions (Proprietary) invested in 0.1% or 23,188 shs. Proshare Limited Liability reported 855,576 shs. Franklin accumulated 102,708 shs. Moreover, Wellington Mgmt Grp Inc Inc Llp has 0.26% invested in Micron Technology, Inc. (NASDAQ:MU). Keybank Association Oh owns 21,149 shs.

Micron Technology, Inc. registered $7.65 million net activity with 0 buys and 13 sales since January 2, 2018. BAILEY ROBERT L also sold $151,496 worth of Micron Technology, Inc. (NASDAQ:MU) on Monday, April 2. On Monday, April 2 a trade for 25,000 shs valued at $1.26 million was made by JOHNSON MERCEDES. On Thursday, February 15 $53,487 worth of Micron Technology, Inc. (NASDAQ:MU) was sold by ARNZEN APRIL S. On Wednesday, February 14 $2.17M worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Mondry Lawrence N. On Wednesday, February 7 Deboer Scott J also sold $638,380 worth of Micron Technology, Inc. (NASDAQ:MU). Shares for $1.36M were sold by Thorsen Steven L. JR on Tuesday, May 8.

What Price Target Has RBC Capital Mkts Given Micron (NASDAQ:MU)

Coverage of Micron (NASDAQ:MU)‘s stock has begun on Wednesday morning. RBC Capital Mkts has $80 target price per share and issued “Outperform” rating which indicates 41.59 % upside potential on MU stock.

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

A total of 25 analysts rate Micron (NASDAQ:MU) as follows: 20 “Buy”, 4 “Hold” and 1 “Sell”. Тherefore 80% are bullish. The firm has $100.0 highest and $35 lowest target. The avg target $70.83 is 25.36% above the last ($56.5) price. (NASDAQ:MU) has 54 ratings reports on May 17, 2018 according to StockzIntelligence. On Tuesday, May 15 the firm earned “Buy” rating by Mizuho. On Monday, April 16 the firm has “Buy” rating by KeyBanc Capital Markets given. On Friday, March 23 the rating was maintained by Wells Fargo with “Outperform”. On Monday, February 5 the stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given by KeyBanc Capital Markets. In Tuesday, February 6 report Mizuho maintained the stock with “Buy” rating. In Wednesday, March 21 report BMO Capital Markets maintained the stock with “Market Perform” rating. On Monday, May 14 the stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Evercore. The company rating was maintained by Mizuho on Monday, March 12. On Monday, December 4 the company was maintained by Morgan Stanley. On Friday, March 23 the firm earned “Buy” rating by Mizuho.

MU is touching $56.5 during the last trading session, after increased 4.61%.Micron Technology, Inc. has 56.25 million shares volume, 3.45% up from normal. MU is uptrending and has moved 82.20% since May 17, 2017. The stock outperformed the S&P 500 by 70.65%.

On July, 5 WallStreet anticipated Micron Technology, Inc. (NASDAQ:MU)’s earnings release, as reported by RTT. Analysts have anticipation on stock’s EPS of $2.81. That’s up 100.71 % from last year’s $1.4 EPS. If $2.81 is reported, MU’s profit will reach $3.26 billion for 5.03 P/E. Wall Street now sees 0.36 % EPS growth despite Micron Technology, Inc. previous quarter’s EPS of $2.80.

Micron Technology, Inc. provides semiconductor systems worldwide.The firm is valued at $65.53 billion. The firm operates through four divisions: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit.8.83 is the P/E ratio. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; lower power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 DRAM and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as for computer memory upgrades; and hybrid memory cube semiconductor memory devices.

For more Micron Technology, Inc. (NASDAQ:MU) news announced briefly go to: Nasdaq.com, Schaeffersresearch.com, Seekingalpha.com, Seekingalpha.com or Investorplace.com. The titles are as follows: “New Research Coverage Highlights Ellie Mae, Micron Technology, Applied Optoelectronics, Acadia Realty Trust …” announced on May 16, 2018, “Blink Stock Scales the Nasdaq for Second Time In Two Weeks” on May 16, 2018, “Micron: Reading The Tea Leaves” with a publish date: May 14, 2018, “Where Does Micron Technology Go From Here?” and the last “Wednesday’s Vital Data: Nvidia Corporation (NVDA), Micron Technology, Inc. (MU) and Tesla Inc. (TSLA)” with publication date: May 16, 2018.

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

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