Hosking Partners Llp buys $22,967,432 stake in Micron Technology (MU)

Micron Technology (MU) : Hosking Partners Llp scooped up 221,215 additional shares in Micron Technology during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 1,700,032 shares of Micron Technology which is valued at $22,967,432.Micron Technology makes up approximately 0.89% of Hosking Partners Llp’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… added MU to its portfolio by purchasing 446,600 company shares during the most recent quarter which is valued at $6,033,566. Micron Technology makes up approx 0.08% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio. Quantbot Technologies Lp added MU to its portfolio by purchasing 37,408 company shares during the most recent quarter which is valued at $505,382. Micron Technology makes up approx 0.05% of Quantbot Technologies Lp’s portfolio.Moody National Bank Trust Division reduced its stake in MU by selling 1,400 shares or 10.51% in the most recent quarter. The Hedge Fund company now holds 11,915 shares of MU which is valued at $160,972. Micron Technology makes up approx 0.01% of Moody National Bank Trust Division’s portfolio.Capstone Asset Management Co reduced its stake in MU by selling 132 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 73,226 shares of MU which is valued at $973,174. Micron Technology makes up approx 0.03% of Capstone Asset Management Co’s portfolio. Franklin Street Advisors Inc Nc sold out all of its stake in MU during the most recent quarter. The investment firm sold 15,034 shares of MU which is valued $199,802.

Micron Technology closed down -0.1 points or -0.69% at $14.42 with 1,61,63,524 shares getting traded on Monday. Post opening the session at $14.53, the shares hit an intraday low of $14.38 and an intraday high of $14.72 and the price fluctuated in this range throughout the day.Shares ended Monday 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 Mizuho on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Shares were Reiterated by Stifel on Jul 1, 2016 to “Buy” and Lowered the Price Target to $ 15 from a previous price target of $16 .Company shares were Upgraded by Nomura on Jun 23, 2016 to ” Buy”, Firm has raised the Price Target to $ 18 from a previous price target of $8 .

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.

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