Zwj Investment Counsel Inc buys $10,630,480 stake in Micron Technology (MU)

Micron Technology (MU) : Zwj Investment Counsel Inc scooped up 60,509 additional shares in Micron Technology during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 736,693 shares of Micron Technology which is valued at $10,630,480.Micron Technology makes up approximately 1.06% of Zwj Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Clal Insurance Enterprises Holdings Ltd sold out all of its stake in MU during the most recent quarter. The investment firm sold 1,028,524 shares of MU which is valued $14,841,601. Boston Advisors added MU to its portfolio by purchasing 482,365 company shares during the most recent quarter which is valued at $6,844,759. Micron Technology makes up approx 0.17% of Boston Advisors’s portfolio. Lesa Sroufe Co added MU to its portfolio by purchasing 288,505 company shares during the most recent quarter which is valued at $3,788,071. Micron Technology makes up approx 3.16% of Lesa Sroufe Co’s portfolio. Trust Department Mb Financial Bank N A sold out all of its stake in MU during the most recent quarter. The investment firm sold 750 shares of MU which is valued $10,005.

Micron Technology opened for trading at $15.09 and hit $15.695 on the upside on Monday, eventually ending the session at $15.53, with a gain of 4.02% or 0.6 points. The heightened volatility saw the trading volume jump to 2,91,05,196 shares. Company has a market cap of $16,126 M.

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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