Northwestern Mutual Wealth Management Co buys $3,364,546 stake in Micron Technology (MU)

Micron Technology (MU) : Northwestern Mutual Wealth Management Co scooped up 181,866 additional shares in Micron Technology during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 189,980 shares of Micron Technology which is valued at $3,364,546.Micron Technology makes up approximately 0.05% of Northwestern Mutual Wealth Management Co’s portfolio.

Other Hedge Funds, Including , First Allied Advisory Services boosted its stake in MU in the latest quarter, The investment management firm added 760 additional shares and now holds a total of 36,525 shares of Micron Technology which is valued at $646,858. Micron Technology makes up approx 0.03% of First Allied Advisory Services’s portfolio.Comerica Bank boosted its stake in MU in the latest quarter, The investment management firm added 1,283 additional shares and now holds a total of 260,622 shares of Micron Technology which is valued at $4,427,968. Micron Technology makes up approx 0.04% of Comerica Bank’s portfolio.Norinchukin Bank The boosted its stake in MU in the latest quarter, The investment management firm added 1,198 additional shares and now holds a total of 55,593 shares of Micron Technology which is valued at $965,928. Micron Technology makes up approx 0.02% of Norinchukin Bank The’s portfolio.Sentry Investment Management boosted its stake in MU in the latest quarter, The investment management firm added 4,405 additional shares and now holds a total of 82,999 shares of Micron Technology which is valued at $1,384,423. Micron Technology makes up approx 0.06% of Sentry Investment Management’s portfolio.

Micron Technology opened for trading at $18.9 and hit $19.33 on the upside on Monday, eventually ending the session at $19.21, with a gain of 0.16% or 0.03 points. The heightened volatility saw the trading volume jump to 2,91,21,570 shares. Company has a market cap of $20,008 M.

On the company’s financial health, Micron Technology reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 4, 2016. Analyst had a consensus of $-0.11. The company had revenue of $3217.00 million for the quarter, compared to analysts expectations of $3192.19 million. The company’s revenue was down -10.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Micron Technology. Company shares were Initiated by Cowen on Oct 12, 2016 to “Buy”, Firm has raised the Price Target to $ 21 from a previous price target of $19 .Company shares were Reiterated by Mizuho on Oct 5, 2016 to “Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .Company shares were Reiterated by Stifel on Oct 5, 2016 to “Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .

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.