As Micron Technology Inc (NASDAQ:MU) Price Rose, Shareholder Overbrook Management Corp Lowered Position by $12.27 Million

May 17, 2018 - By Andrea Bass

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 stakes and 239 increased stakes. Investors holded 886.67 million in 2017Q3 but now own 883.15 million shares or 0.40% less. Calamos Advsrs accumulated 142,647 shs. First Republic Investment Mngmt Incorporated reported 0% of its capital in Micron Technology, Inc. (NASDAQ:MU). Teewinot Capital Advisers Limited Liability accumulated 49,200 shs. Lsv Asset Mngmt reported 736,686 shs. Davenport Co Limited Liability Corporation reported 19,031 shs. Cwm Limited holds 0% or 168 shs in its capital. Exxonmobil Inv Mgmt Tx owns 183,373 shs. James Invest Research holds 62,090 shs or 0.09% of its capital. Daiwa Secs Gru owns 0.05% invested in Micron Technology, Inc. (NASDAQ:MU) for 185,150 shs. State Treasurer State Of Michigan holds 338,044 shs or 0.11% of its capital. 660 are held by Loomis Sayles And Company L P. Financial Bank Of The West has 99,521 shs for 0.51% of their capital. Clinton Group stated it has 46,157 shs. Employees Retirement Systems Of Ohio accumulated 761,700 shs. Arrow Corp owns 100 shs or 0% of their US capital.

MU had 13 selling transactions and 0 buys since January 2, 2018. This’s net activity of $7.65 million. BAILEY ROBERT L sold $128,197 worth of Micron Technology, Inc. (NASDAQ:MU) or 3,000 shs on Tuesday, January 2. Deboer Scott J sold $768,439 worth of stock. 50,000 Micron Technology, Inc. (NASDAQ:MU) shs with value of $2.17 million were sold by Mondry Lawrence N. $1.36 million worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Thorsen Steven L. JR. Byrne Patrick J had sold 14,360 shs worth $665,058. Another trade for 25,000 shs valued at $1.26 million was made by JOHNSON MERCEDES on Monday, April 2.

According to 2018Q1 Securities and Exchange form the Overbrook Management Corp decreased its stake 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. 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 . For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

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

Total analysts of 25 have positions in Micron (NASDAQ:MU) as follows: 20 rated it a “Buy”, 1 with “Sell” and 4 with “Hold”. The positive are 80%. The firm has $100.0 highest while $35 is the lowest target price. The average target $70.83 is 25.36% above the last ($56.5) price. Since November 27, 2017 according to StockzIntelligence Inc Micron has 54 analyst reports. On Friday, March 23 the rating was downgraded by Citigroup to “Hold”. On Monday, March 12 the rating was maintained by Mizuho with “Buy”. The stock rating was downgraded by Standpoint Research to “Hold” on Tuesday, November 28. On Wednesday, February 21 the company was maintained by Cowen & Co. On Tuesday, March 20 the rating was maintained by Credit Suisse with “Outperform”. On Wednesday, December 20 the firm earned “Buy” rating by Wells Fargo. On Tuesday, February 6 the rating was maintained by Stifel Nicolaus with “Buy”. The company rating was maintained by J.P. Morgan on Wednesday, January 10. The stock rating was maintained by Citigroup with “Buy” on Tuesday, February 6. On Tuesday, March 6 the firm has “Buy” rating given by Goldman Sachs.

Micron Technology, Inc. provides semiconductor systems worldwide.The firm is valued at $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; 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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