Micron Technology Inc (NASDAQ:MU) Shareholder Overbrook Management Corp Trimmed Position by $12.27 Million

May 17, 2018 - By Laura Small

Micron Technology, Inc. (NASDAQ:MU) Corporate LogoBig 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 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. Moneta Inv Advsr Limited Com invested 0% of its capital in Micron Technology, Inc. (NASDAQ:MU). Cornerstone Holding Ltd Liability Corp holds 1.07M shs. Cambridge Invest Advisors reported 0.04% of its capital in Micron Technology, Inc. (NASDAQ:MU). Prudential Financial stated it has 0.11% of its capital in Micron Technology, Inc. (NASDAQ:MU). First Dallas Secs owns 17,475 shs for 0.46% of their capital. Overbrook Management invested 4.22% in Micron Technology, Inc. (NASDAQ:MU). Thompson Siegel & Walmsley Lc, Virginia-based fund reported 63,480 shs. First Interstate Commercial Bank invested in 0.13% or 15,100 shs. Sterling Capital Llc reported 130,694 shs stake. Virginia Retirement Systems Et Al invested 0.34% of its capital in Micron Technology, Inc. (NASDAQ:MU). Aviance Cap Ptnrs Ltd Liability Co reported 20,094 shs. Nokota L P accumulated 2.61 million shs or 2.06% of the stock. California Public Employees Retirement Systems owns 2.47 million shs or 0.14% of their US capital. Picton Mahoney Asset accumulated 428,600 shs or 0.47% of the stock. Jaffetilchin Inv Limited Co holds 0.07% of its capital in Micron Technology, Inc. (NASDAQ:MU) for 5,444 shs.

MU had 13 insider sales and 0 insider purchases since January 2, 2018. This’s net activity of $7.65 million. Shares for $31,814 were sold by ARNZEN APRIL S on Thursday, March 15. Mondry Lawrence N sold $2.17 million worth of stock or 50,000 shs. On Wednesday, February 7 the insider Deboer Scott J sold $638,380. The insider BAILEY ROBERT L sold 3,000 shs worth $144,003. On Wednesday, May 2 Byrne Patrick J also sold $665,058 worth of Micron Technology, Inc. (NASDAQ:MU). JOHNSON MERCEDES sold 25,000 shs worth $1.26M.

Overbrook Management Corp’s holdings in Micron Technology Inc (NASDAQ:MU) is decreased by 46.63% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock rose 18.77% while stock markets declined as Overbrook Management Corp sold 235,886 shares. The technology company at the end of 2018Q1 was valued at $14.08M. It’s down from 505,869 at the end of the previous reported quarter. Now it had 269,983 shares held by the hedge fund . 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

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 PT, Micron has $70.83 average PT 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, January 31 the rating was maintained by Wells Fargo with “Buy”. The stock rating was maintained by Citigroup with “Buy” on Tuesday, February 6. On Thursday, January 11 the rating was maintained by Goldman Sachs with “Buy”. On Tuesday, February 6 the stock of Micron Technology, Inc. (NASDAQ:MU) has “Overweight” rating given by Morgan Stanley. In Wednesday, January 10 report J.P. Morgan maintained the stock with “Buy” rating. On Wednesday, February 7 the firm has “Buy” rating given by Goldman Sachs. In Monday, March 12 report Mizuho maintained it with “Buy” rating and $66.0 target. On Friday, March 23 the firm earned “Overweight” rating by KeyBanc Capital Markets. The company rating was maintained by Stifel Nicolaus on Tuesday, February 6. The company rating was maintained by KeyBanc Capital Markets on Wednesday, December 20.

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.The P/E ratio is 8.83. 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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