As Micron Technology INC (MU) Shares Rose, Holder Trexquant Investment LP Has Boosted Its Holding

May 24, 2018 - By Stephen Andrade

Micron Technology, Inc. (NASDAQ:MU) LogoInvestors sentiment decreased to 1.24 in 2017 Q4. Its down 0.13, from 1.37 in 2017Q3. It worsened, as 49 investors sold MU shares while 245 reduced holdings. 126 funds opened positions while 239 raised stakes. 883.15 million shares or 0.40% less from 886.67 million shares in 2017Q3 were reported. Amica Retiree Med has invested 0.18% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Thompson Siegel & Walmsley Ltd Company owns 63,480 shares. Panagora Asset Inc owns 59,292 shares. Leuthold Group Ltd holds 0.63% or 152,242 shares in its portfolio. Fdx reported 5,221 shares or 0.01% of all its holdings. Moneta Group Invest Advisors Limited Liability Company has invested 0% in Micron Technology, Inc. (NASDAQ:MU). Financial Bank Of America De invested in 0.03% or 4.43 million shares. Oppenheimer & holds 0.16% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 150,336 shares. Gsa Cap Limited Liability Partnership has 93,696 shares. Massachusetts-based Rhumbline Advisers has invested 0.16% in Micron Technology, Inc. (NASDAQ:MU). Cognios Cap holds 0.21% or 13,712 shares. York Capital Glob Advsr Limited Liability holds 186,888 shares. Retirement Systems Of Alabama holds 558,883 shares. Korea owns 2.36 million shares. The Ontario – Canada-based Td Asset Management Inc has invested 0.02% in Micron Technology, Inc. (NASDAQ:MU).

Since January 2, 2018, it had 0 buys, and 13 sales for $7.65 million activity. Deboer Scott J sold $638,380 worth of stock. $151,496 worth of Micron Technology, Inc. (NASDAQ:MU) was sold by BAILEY ROBERT L on Monday, April 2. 25,000 Micron Technology, Inc. (NASDAQ:MU) shares with value of $1.26 million were sold by JOHNSON MERCEDES. Shares for $2.17 million were sold by Mondry Lawrence N on Wednesday, February 14. 14,360 shares were sold by Byrne Patrick J, worth $665,058. Thorsen Steven L. JR sold $1.36 million worth of stock or 28,089 shares.

Trexquant Investment Lp increased its stake in Micron Technology Inc (MU) by 267.19% based on its latest 2017Q4 regulatory filing with the SEC. Trexquant Investment Lp bought 175,047 shares as the company’s stock rose 18.77% while stock markets declined. The institutional investor held 240,562 shares of the technology company at the end of 2017Q4, valued at $9.89M, up from 65,515 at the end of the previous reported quarter. Trexquant Investment Lp who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $71.31B market cap company. The stock increased 2.53% or $1.52 during the last trading session, reaching $61.49. About 71.27M shares traded or 25.37% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since May 24, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Fool.com which released: “Why Micron’s Analyst Day Sent Shares Soaring” on May 24, 2018, also Seekingalpha.com with their article: “Is Micron A Solid Pick At $55?” published on May 22, 2018, Seekingalpha.com published: “Micron: Shorts Are Scared To Act” on May 16, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Globenewswire.com and their article: “Micron Technology to Present at Bernstein Strategic Decisions Conference 2018” published on May 17, 2018 as well as Finance.Yahoo.com‘s news article titled: “Tuesday’s Vital Data: General Electric Company (GE), Micron Technology, Inc. (MU) and Chesapeake Energy …” with publication date: May 22, 2018.

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

Among 25 analysts covering Micron (NASDAQ:MU), 20 have Buy rating, 1 Sell and 4 Hold. Therefore 80% are positive. Micron had 60 analyst reports since November 27, 2017 according to SRatingsIntel. Mizuho maintained the stock with “Buy” rating in Monday, March 12 report. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Mizuho on Tuesday, May 15. The firm has “Overweight” rating by JP Morgan given on Tuesday, May 22. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Stifel Nicolaus on Tuesday, May 22. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, May 22 report. The rating was downgraded by Standpoint Research on Tuesday, November 28 to “Hold”. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Thursday, March 8 by Susquehanna. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Evercore on Monday, May 14. The rating was maintained by Bernstein on Monday, March 26 with “Hold”. The rating was maintained by Robert W. Baird on Tuesday, November 28 with “Buy”.

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

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