Micron Technology (MU) : Integral Derivatives scooped up 339,483 additional shares in Micron Technology during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 531,147 shares of Micron Technology which is valued at $5,677,961.Micron Technology makes up approximately 2.31% of Integral Derivatives’s portfolio.
Micron Technology opened for trading at $10.73 and hit $10.78 on the upside on Friday, eventually ending the session at $10.69, with a gain of 2.79% or 0.29 points. The heightened volatility saw the trading volume jump to 2,53,25,159 shares. Company has a market cap of $11,086 M.
Other Hedge Funds, Including , Franklin Street Advisors Inc Nc added MU to its portfolio by purchasing 15,034 company shares during the most recent quarter which is valued at $160,713. Micron Technology makes up approx 0.03% of Franklin Street Advisors Inc Nc’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in MU in the latest quarter, The investment management firm added 9,232 additional shares and now holds a total of 252,595 shares of Micron Technology which is valued at $2,700,241. Micron Technology makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio. Keywise Capital Management Ltd added MU to its portfolio by purchasing 2,184,000 company shares during the most recent quarter which is valued at $22,822,800. Micron Technology makes up approx 18.58% of Keywise Capital Management Ltd’s portfolio.
On the company’s financial health, Micron Technology reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Mar 30, 2016. Analyst had a consensus of $-0.09. The company had revenue of $2934.00 million for the quarter, compared to analysts expectations of $3047.12 million. The company’s revenue was down -29.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.81 EPS.
Many Wall Street Analysts have commented on Micron Technology. Micron Technology was Initiated by Brean Capital to “Buy” on Apr 15, 2016. Micron Technology was Upgraded by Raymond James to ” Strong Buy” on Apr 15, 2016. Micron Technology was Downgraded by Bernstein to ” Mkt Perform” on Mar 31, 2016.
Micron Technology Inc. is a global provider of semiconductor devices. Through the Companys 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.