Micron Technology (MU) : Cmt Capital Markets Trading Gmbh added new position in Micron Technology during the most recent quarter end. The investment management firm now holds 22,070 shares of Micron Technology which is valued at $329,505 , the company said in a statement filed on Aug 15, 2016 with the SEC.Micron Technology makes up approximately 0.92% of Cmt Capital Markets Trading Gmbh’s portfolio.
Other Hedge Funds, Including , Compagnie Lombard Odier Scma boosted its stake in MU in the latest quarter, The investment management firm added 59,252 additional shares and now holds a total of 142,990 shares of Micron Technology which is valued at $2,134,841. Micron Technology makes up approx 0.06% of Compagnie Lombard Odier Scma’s portfolio. Napier Park Global Capital (us) Lp sold out all of its stake in MU during the most recent quarter. The investment firm sold 100,000 shares of MU which is valued $1,493,000.Pioneer Investment Management Inc boosted its stake in MU in the latest quarter, The investment management firm added 449,381 additional shares and now holds a total of 2,761,757 shares of Micron Technology which is valued at $41,233,032. Micron Technology makes up approx 0.15% of Pioneer Investment Management Inc’s portfolio.Tarbox Group boosted its stake in MU in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 104 shares of Micron Technology which is valued at $1,429.Stoneridge Investment Partners reduced its stake in MU by selling 173,633 shares or 31.56% in the most recent quarter. The Hedge Fund company now holds 376,470 shares of MU which is valued at $5,342,109. Micron Technology makes up approx 0.75% of Stoneridge Investment Partners’s portfolio.
Micron Technology opened for trading at $17.21 and hit $17.35 on the upside on Wednesday, eventually ending the session at $17.16, with a gain of 0.88% or 0.15 points. The heightened volatility saw the trading volume jump to 23,023,491 shares. Company has a market cap of $17,819 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 Cowen on Sep 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 19 from a previous price target of $15 .Company shares were Reiterated by Stifel on Aug 29, 2016 to “Buy”, Firm has raised the Price Target to $ 18 from a previous price target of $15 .Micron Technology was Downgraded by Standpoint Research to ” Hold” on Aug 29, 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.