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

May 17, 2018 - By Mark Babin

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

Big Money Sentiment decreased to 1.24 in Q4 2017. It has change of 0.13, from 2017Q3’s 1.37. The ratio dived 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.

Marshall Wace Ltd Liability Partnership has 134,629 shs for 0.23% of their capital. Gam Hldgs Ag holds 37,794 shs or 0.05% of its capital. Metropolitan Life Company New York invested in 0.12% or 211,452 shs. Vanguard Gp reported 0.14% in Micron Technology, Inc. (NASDAQ:MU). Thompson Davis And Inc has 1,100 shs. Herald Inv Mngmt holds 0.32% in Micron Technology, Inc. (NASDAQ:MU) or 25,000 shs. Fmr Limited Co holds 0.15% or 31.58M shs. Schroder Inv Mngmt Group reported 1.52M shs. Vident Investment Advisory Ltd Co accumulated 93,335 shs. New York-based Selz Cap Llc has invested 3.81% in Micron Technology, Inc. (NASDAQ:MU). Commonwealth Of Pennsylvania Public School Empls Retrmt System has 103,156 shs. Great West Life Assurance Com Can reported 0.18% in Micron Technology, Inc. (NASDAQ:MU). Aviance Cap Limited Liability invested in 0.27% or 20,094 shs. Bridgeway Capital has 1.33% invested in Micron Technology, Inc. (NASDAQ:MU) for 3.01M shs. Meeder Asset Mgmt invested in 0.24% or 69,144 shs.

Micron Technology, Inc. had 13 insider sales and 0 insider purchases since January 2, 2018. This’s net activity of $7.65 million. 14,750 Micron Technology, Inc. (NASDAQ:MU) shs with value of $638,380 were sold by Deboer Scott J. BAILEY ROBERT L sold $139,220 worth of Micron Technology, Inc. (NASDAQ:MU) or 3,000 shs on Tuesday, May 1. On Wednesday, May 2 Byrne Patrick J sold $665,058 worth of Micron Technology, Inc. (NASDAQ:MU) or 14,360 shs. 50,000 Micron Technology, Inc. (NASDAQ:MU) shs with value of $2.17M were sold by Mondry Lawrence N. $1.36 million worth of Micron Technology, Inc. (NASDAQ:MU) shs were sold by Thorsen Steven L. JR. JOHNSON MERCEDES had sold 25,000 shs worth $1.26M.

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

Coverage of Micron (NASDAQ:MU)‘s stock has begun on 16 May. RBC Capital Mkts has $80 PT and issued “Outperform” rating which suggests 41.59 % upside potential on MU stock.

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

In total 25 analysts cover Micron (NASDAQ:MU). “Buy” rating has 20, “Sell” are 1, while 4 are “Hold”. (NASDAQ:MU) has 80% bullish analysts. With $100.0 highest and $35 lowest target price, Micron has $70.83 average target price or 25.36% above the current ($56.5) price. 54 are the (NASDAQ:MU)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Wednesday, December 20 the stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Mizuho. On Wednesday, February 28 the company was maintained by Cowen & Co. On Tuesday, March 20 the stock of Micron Technology, Inc. (NASDAQ:MU) earned “Outperform” rating by Credit Suisse. The stock rating was maintained by Morgan Stanley with “Buy” on Thursday, May 10. On Wednesday, December 20 Wells Fargo maintained Micron Technology, Inc. (NASDAQ:MU) rating. Wells Fargo has “Buy” rating and $54.0 target. On Wednesday, January 10 the stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by J.P. Morgan. On Monday, December 18 the firm has “Buy” rating given by Rosenblatt. On Wednesday, December 20 Cowen & Co maintained Micron Technology, Inc. (NASDAQ:MU) rating. Cowen & Co has “Buy” rating and $53.0 target. In Friday, March 23 report JP Morgan maintained it with “Overweight” rating and $80 target. On Tuesday, February 6 the rating was upgraded by Needham to “Buy”.

The stock increased 4.61% or $2.49 during the last trading session, touching $56.5.Micron Technology, Inc. is uptrending after having risen 82.20% since May 17, 2017. MU has 56.25M volume or 3.45% up from normal. MU outperformed the S&P500 by 70.65%.

On July, 5. Investors expect Micron Technology, Inc. (NASDAQ:MU) to announce its quarterly earnings, according to Faxor. Last year’s earnings per share was $1.4, while now analysts expect change of 100.71 % up from current $2.81 earnings per share. This could hit $3.26B profit for MU assuming the current $2.81 earnings per share will become reality. Wall Street predicts 0.36 % EPS growth as of July, 5.

Micron Technology, Inc. provides semiconductor systems worldwide.The firm is worth $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 published briefly go to: Investorplace.com, Investorplace.com, Seekingalpha.com, Nasdaq.com or Seekingalpha.com. The titles are as follows: “Monday’s Vital Data: Apple Inc. (AAPL), Micron Technology, Inc. (MU) and Netflix, Inc. (NFLX)” published on April 30, 2018, “The Stocks Investors Should Buy for a Summer Rally” on May 16, 2018, “The Market Is Doubtful Of Micron” with a publish date: May 10, 2018, “New Research Coverage Highlights Ellie Mae, Micron Technology, Applied Optoelectronics, Acadia Realty Trust …” and the last “Micron: Reading The Tea Leaves” with publication date: May 14, 2018.

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

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