Micron Technology's (MU) "Buy" Rating Reiterated at Rosenblatt Securities

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Vanguard Group Inc. now owns 86,141,622 shares of the semiconductor manufacturer's stock worth $2,489,492,000 after buying an additional 4,004,759 shares during the last quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Neuberger Berman Group LLC boosted its stake in shares of Micron Technology by 1.4% in the first quarter. Washington Trust Bank now owns 4,355 shares of the semiconductor manufacturer's stock valued at $126,000 after buying an additional 63 shares in the last quarter.

Capital Counsel Llc increased Johnson & Johnson Com (JNJ) stake by 1897.06% reported in 2016Q4 SEC filing. First Personal Financial Services now owns 4,234 shares of the semiconductor manufacturer's stock valued at $122,000 after buying an additional 2,083 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Micron Technology by 0.8% in the first quarter. Westpac Banking Corp now owns 3,656,771 shares of the semiconductor manufacturer's stock worth $113,251,000 after buying an additional 3,246,321 shares in the last quarter. WA increased its stake in shares of Micron Technology by 25.9% in the first quarter. Coconut Grove Bank now owns 5,405 shares of the semiconductor manufacturer's stock valued at $156,000 after buying an additional 5,050 shares during the period. Finally, CIBC World Markets Inc. increased its position in shares of Micron Technology by 2,661.9% in the first quarter.

Many analysts have provided their estimated foresights on Micron Technology, Inc. (NASDAQ:MU) in a report published on Sunday morning. 73,308,042 shares of the company's stock traded hands. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. The company has a market capitalization of $33.03 billion, a price-to-earnings ratio of 13.11 and a beta of 1.77. According to these analysts, the Low Revenue Estimate for Micron Technology, Inc.is 5.18 Billion and the High Revenue Estimate is 6.09 Billion. See Micron Technology, Inc.

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Micron Technology (NASDAQ:MU) last posted its earnings results on Thursday, June 29th. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.41 billion. Micron Technology had a return on equity of 20.19% and a net margin of 14.66%.

While taking a look at financials, we can look at a number of key indicators about Micron Technology, Inc. The difference between the expected and actual EPS was $0.11/share, which represents an Earnings surprise of 7.3%. On average, equities analysts forecast that Micron Technology will post $4.31 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: "Vanguard Group Inc".

Shares of Micron Technology, Inc. If you are viewing this article on another site, it was copied illegally and republished in violation of USA & global copyright legislation. The correct version of this report can be read at https://www.com-unik.info/2017/07/03/micron-technology-inc-nasdaqmu-position-cut-by-platinum-investment-management-ltd.html. Finally, Barclays PLC increased their price objective on Micron Technology from $26.00 to $35.00 and gave the company an overweight rating in a research note on Friday, March 24th. Needham & Company LLC reissued a "buy" rating on shares of Micron Technology in a research report on Thursday, June 8th. Robert W. Baird restated an "outperform" rating and issued a $48.00 price objective (up previously from $40.00) on shares of Micron Technology in a research report on Friday. Analysts reported that the Price Target for Micron Technology, Inc. might touch $75 high while the Average Price Target and Low price Target is $42.67 and $33 respectively. ValuEngine lowered Micron Technology from a strong-buy rating to a buy rating in a research note on Wednesday, May 31st. The stock has an average rating of Buy and a consensus price target of $35.22. Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels. Following the transaction, the director now directly owns 54,533 shares of the company's stock, valued at approximately $1,508,382.78. Also, VP Scott J. Deboer sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $32.00, for a total value of $320,000.00. Following the completion of the transaction, the vice president now directly owns 52,542 shares of the company's stock, valued at approximately $1,615,666.50. Director Patrick J. Byrne disclosed the sale of 14,143 shares.

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