Micron Technology Inc (NASDAQ:MU) Shareholder Overbrook Management Corp Trimmed Its Position as Price Rose

May 17, 2018 - By Darrel Chase

Micron Technology, Inc. (NASDAQ:MU) Corporate LogoBig Money Sentiment decreased to 1.24 in Q4 2017. It has change of 0.13, from 2017Q3’s 1.37. The ratio is negative due to MU positioning: 49 sold and 245 reduced. 126 funds acquired holdings and 239 increased holdings. Investors holded 886.67 million in 2017Q3 but now own 883.15 million shares or 0.40% less. Los Angeles Capital Equity Research has invested 0.48% in Micron Technology, Inc. (NASDAQ:MU). Rampart Inv Mgmt Ltd Llc holds 0.24% of its capital in Micron Technology, Inc. (NASDAQ:MU) for 15,067 shs. Moors Cabot Inc accumulated 0.34% or 61,956 shs. Saturna holds 0.02% in Micron Technology, Inc. (NASDAQ:MU) or 13,973 shs. Gibraltar Cap Mngmt has 7.21% invested in Micron Technology, Inc. (NASDAQ:MU). Bourgeon Limited accumulated 0.17% or 7,600 shs. State Board Of Administration Of Florida Retirement Sys reported 0.17% in Micron Technology, Inc. (NASDAQ:MU). 30,000 were reported by Skytop Capital Ltd Company. 4.56M are held by Price T Rowe Md. Graham Cap Mgmt L P owns 20,243 shs or 0.02% of their US capital. Thrivent Financial For Lutherans holds 0.01% in Micron Technology, Inc. (NASDAQ:MU) or 46,852 shs. Cetera Advsr Ltd Liability Co holds 0.09% in Micron Technology, Inc. (NASDAQ:MU) or 37,765 shs. Ny State Teachers Retirement stated it has 1.87 million shs. Private Asset Mngmt reported 362,813 shs. British Columbia Invest Management Corporation has invested 0.2% of its capital in Micron Technology, Inc. (NASDAQ:MU).

MU registered $7.65 million net activity with 0 insider buys and 13 sales since January 2, 2018. Shares for $2.17M were sold by Mondry Lawrence N on Wednesday, February 14. ARNZEN APRIL S sold $31,814 worth of Micron Technology, Inc. (NASDAQ:MU) on Thursday, March 15. Byrne Patrick J sold $665,058 worth of stock. $1.26M worth of Micron Technology, Inc. (NASDAQ:MU) was sold by JOHNSON MERCEDES. Thorsen Steven L. JR had sold 28,089 shs worth $1.36M. 13,695 shs were sold by Deboer Scott J, worth $768,439 on Monday, March 26.

According to 2018Q1 Securities and Exchange form the Overbrook Management Corp reduced its holdings in Micron Technology Inc (NASDAQ:MU) by 46.63%. The company’s stock rose 18.77% while stock markets declined as Overbrook Management Corp sold 235,886 shares. At the end of 2018Q1, the hedge fund held 269,983 shares of the technology company, valued at $14.08 million, down from 505,869 at the end of the previous reported quarter. Overbrook Management Corp has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Overbrook Management Corp is a New York-based hedge fund with more than $1.12 billion AUM in October, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Overbrook Management latest Adv, the fund reported to have 15 full and part-time employees. Among which 6 performing investment advisory and research functions. The hedge fund had more than 200 clients.

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 Wednesday, December 20 Wells Fargo maintained the shares of MU in report with “Buy” rating. The stock rating was maintained by M Partners with “Buy” on Thursday, December 14. On Wednesday, December 20 Stifel Nicolaus maintained the shares of MU in report with “Buy” rating. In Monday, March 26 report Argus Research maintained it with “Buy” rating and $70 target. On Tuesday, November 28 the firm earned “Buy” rating by Robert W. Baird. On Monday, March 26 the rating was maintained by Bernstein with “Hold”. In Monday, March 26 report M Partners maintained the stock with “Buy” rating. On Monday, March 19 the stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Deutsche Bank. On Monday, March 12 the firm earned “Buy” rating by Nomura. The company rating was maintained by Credit Suisse on Tuesday, March 20.

Micron Technology, Inc. provides semiconductor systems worldwide.The company has $65.53 billion market cap. 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; mobile low-power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, automotive and industrial applications, and computer memory upgrades; and hybrid memory cube semiconductor memory devices for use in networking and computing applications.

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

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