Donald Smith buys $227,679,992 stake in Micron Technology (MU)

Micron Technology (MU) : Donald Smith scooped up 629,193 additional shares in Micron Technology during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 15,249,832 shares of Micron Technology which is valued at $227,679,992.Micron Technology makes up approximately 5.81% of Donald Smith’s portfolio.

Other Hedge Funds, Including , O’shaughnessy Asset Management boosted its stake in MU in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 25,927 shares of Micron Technology which is valued at $387,090. Micron Technology makes up approx 0.01% of O’shaughnessy Asset Management’s portfolio. First Personal Financial Services added MU to its portfolio by purchasing 461 company shares during the most recent quarter which is valued at $6,648.Nisa Investment Advisors boosted its stake in MU in the latest quarter, The investment management firm added 27,930 additional shares and now holds a total of 269,019 shares of Micron Technology which is valued at $3,588,713. Micron Technology makes up approx 0.05% of Nisa Investment Advisors’s portfolio. Nepsis Capital Management added MU to its portfolio by purchasing 393,969 company shares during the most recent quarter which is valued at $5,235,848. Micron Technology makes up approx 2.89% of Nepsis Capital Management’s portfolio.

Micron Technology closed down -0.01 points or -0.06% at $16.18 with 2,37,41,423 shares getting traded on Tuesday. Post opening the session at $16.27, the shares hit an intraday low of $16.14 and an intraday high of $16.54 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Micron Technology reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 30, 2016. Analyst had a consensus of $-0.10. The company had revenue of $2898.00 million for the quarter, compared to analysts expectations of $2955.50 million. The company’s revenue was down -24.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Micron Technology. Company shares were Reiterated by Nomura on Aug 25, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $16 .Company shares were Reiterated by Mizuho on Aug 22, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $16 .Company shares were Reiterated by Mizuho on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .

Micron Technology Inc. is a global provider of semiconductor devices. Through the Company’s global operations it manufactures and markets a full range of Dynamic Random Access Memory (DRAM) NAND Flash and NOR Flash memory as well as other memory technologies packaging solutions and semiconductor systems for use in leading-edge computing consumer networking automotive industrial embedded and mobile products. The Company operates in four segments: Compute and Networking Business Unit (CNBU) which includes DRAM and NOR Flash products; Mobile Business Unit (MBU) which includes DRAM NAND Flash and NOR Flash products; Storage Business Unit (SBU) which includes NAND Flash components and Solid-State Drives (SSDs) cloud and removable storage markets. SBU also includes NAND Flash products and Embedded Business Unit (EBU) which includes DRAM NAND Flash and NOR Flash products.

Leave a Reply

Micron Technology - Is it time to Sell?

Top Brokerage Firms are advising their investors on Micron Technology. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.