Analyst at KeyBanc Kept The Micron (NASDAQ:MU) “Buy” Rating They’ve Had

Micron Technology, Inc. (NASDAQ:MU) Logo

Investors sentiment increased to 1.4 in 2018 Q2. Its up 0.27, from 1.13 in 2018Q1. It increased, as 59 investors sold Micron Technology, Inc. shares while 236 reduced holdings. 111 funds opened positions while 302 raised stakes. 792.40 million shares or 6.41% less from 846.69 million shares in 2018Q1 were reported.

Ipg Ltd Liability has invested 0% in Micron Technology, Inc. (NASDAQ:MU). Usca Ria Limited Liability Corporation reported 0.11% stake. 30,254 are held by Conning. Picton Mahoney Asset holds 281,100 shares or 1.06% of its portfolio. Convergence Ptnrs Limited Liability Com holds 84,018 shares. 68,134 are held by Highland Capital Management Ltd Liability. Nadler Financial Gp has invested 0.06% in Micron Technology, Inc. (NASDAQ:MU). Cambridge Investment Advisors reported 0.07% stake. Doheny Asset Ca holds 19,030 shares or 0.54% of its portfolio. Franklin Res Incorporated accumulated 0.01% or 187,803 shares. Palo Inc invested 0.07% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Earnest Prns Llc invested in 0% or 540 shares. Laurion Cap Mgmt Lp reported 0% stake. Country Tru National Bank & Trust holds 0% or 118 shares. Moors & Cabot Incorporated holds 0.23% in Micron Technology, Inc. (NASDAQ:MU) or 32,150 shares.

Since June 1, 2018, it had 0 buys, and 2 insider sales for $7.60 million activity. Another trade for 40,000 shares valued at $2.20 million was made by Thorsen Steven L. JR on Friday, July 20. $5.40M worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by SWITZ ROBERT E.

Micron (NASDAQ:MU) Rating Reaffirmed

In a research note revealed to clients on 28 November, KeyBanc reiterated their “Buy” rating on Micron (NASDAQ:MU) shares.

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

Among 21 analysts covering Micron (NASDAQ:MU), 13 have Buy rating, 1 Sell and 7 Hold. Therefore 62% are positive. Micron has $108 highest and $40 lowest target. $70.53’s average target is 82.91% above currents $38.56 stock price. Micron had 28 analyst reports since June 6, 2018 according to SRatingsIntel. The rating was downgraded by Goldman Sachs on Wednesday, September 12 to “Neutral”. The firm earned “Buy” rating on Wednesday, November 28 by KeyBanc Capital Markets. The rating was maintained by J.P. Morgan on Wednesday, June 20 with “Buy”. The rating was maintained by UBS with “Sell” on Thursday, June 21. The firm has “Neutral” rating by UBS given on Tuesday, June 26. Macquarie Research maintained it with “Outperform” rating and $70 target in Friday, September 14 report. The firm earned “Buy” rating on Thursday, November 29 by Barclays Capital. On Thursday, June 21 the stock rating was maintained by Needham with “Buy”. The firm has “Neutral” rating by Citigroup given on Thursday, November 29. The company was maintained on Friday, September 21 by Stifel Nicolaus.

The stock increased 1.71% or $0.65 during the last trading session, reaching $38.56. About 28.18 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 21.73% since December 2, 2017 and is uptrending. It has outperformed by 6.11% the S&P500.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on December, 18. They expect $2.89 EPS, up 19.92 % or $0.48 from last year’s $2.41 per share. MU’s profit will be $3.28B for 3.34 P/E if the $2.89 EPS becomes a reality. After $3.50 actual EPS reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts -17.43 % negative EPS growth.

Micron Technology, Inc. provides semiconductor systems worldwide. The company has market cap of $43.74 billion. The firm operates through four divisions: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It has a 3.35 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.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Nasdaq.com which released: “Nasdaq 100 Movers: MU, JD – Nasdaq” on November 26, 2018, also Globenewswire.com with their article: “Micron Technology Announces Upcoming Investor Events Nasdaq:MU – GlobeNewswire” published on November 05, 2018, Seekingalpha.com published: “Micron: Problematic Trend – Seeking Alpha” on November 20, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Benzinga.com and their article: “Benzinga’s Bulls & Bears Of The Week: Apple (NASDAQ:AAPL), FANG Stocks, Tesla (NASDAQ:TSLA), Twitter (NYSE:TWTR) And More – Benzinga” published on December 01, 2018 as well as Nasdaq.com‘s news article titled: “Micron Unveils Secure NOR Flash Memory Solution to Accelerate and Authenticate Intelligence at the Edge – Nasdaq” with publication date: November 14, 2018.

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

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