Micron Starts $1 Bln Offering of Common Stock

Why Micron Is Expanding Its NAND Business

Its up 0.03, from 1.05 in 2017Q1. 85 funds opened positions while 218 raised stakes.

"Capex deleveraging [is] a key company focus with some opportunistic share repurchases". Comm Bancorporation stated it has 26,156 shares or 0.01% of all its holdings. The Ohio-based Riverpoint Limited Co has invested 0.19% in Micron Technology, Inc. Micron Technology Inc.'s 50-day moving average is $35.35 and its 200-day moving average is $30.96. (NASDAQ:MU) or 50,581 shares. The company's quarterly EPS surprised Wall Street by as much as 10% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Institutional owners hold 82.40% stake in the company while Insiders ownership held at 0.20%. Peconic Prtn Ltd holds 0.36% or 75,000 shares. The rating was maintained by Goldman Sachs on Wednesday, September 27 with "Buy". Sun Life Finance invested in 0.02% or 7,532 shares. Tpg Gru (Sbs) Advsr owns 94,302 shares. The Massachusetts-based Panagora Asset Mgmt has invested 0% in Micron Technology, Inc.

Jagadish Iyer with Summit Redstone reiterates a Buy rating, and a $51 price target, writing that "We believe the timing of this offering reflects a 52-week high in Micron's stock price (up nearly 100% since the beginning of the year) while the dilution from converts starts impacting share count given where the share price is presently". (NASDAQ:MU) earned "Neutral" rating by Wedbush on Friday, September 25. 4,715 are owned by Shine Invest Advisory Svcs.

Since May 15, 2017, it had 0 insider purchases, and 5 insider sales for $2.52 million activity. The stock's average target of $78.50 is 15.78% above today's ($67.8) share price. This recommendation lands on a scale between 1 and 5. (NASDAQ:MU) was sold by Byrne Patrick J on Tuesday, May 16. On Tuesday, May 30 the insider Deboer Scott J sold $300,000. (NASDAQ:MU). Manchester Capital Mngmt Ltd Com reported 0.01% in Micron Technology, Inc. The firm bought 287,892 shares of the semiconductor manufacturer's stock, valued at approximately $8,596,000. The hedge fund held 66,000 shares of the technology company at the end of 2017Q2, valued at $1.97M, down from 248,560 at the end of the previous reported quarter. The company has market cap of $45.28 billion. The stock rose 0.48% or $0.19 reaching $40.78. These shares are worth $701,730 and were traded at $41.4 each. Micron Technology Inc now has $45.21B valuation. It has outperformed by 159.57% the S&P500. It is now trading 1.49% off that level. Goodwin Daniel L reported 0% in Micron Technology, Inc. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Credit Agricole S A has 0.19% invested in Micron Technology, Inc. Instinet reaffirmed a buy rating and issued a $45.00 price target (up from $40.00) on shares of Micron Technology in a research report on Monday, October 2nd. (MU) Stock Offering Merits Cheers Not Jeers" with publication date: "October 13, 2017.

A number of equities analysts recently weighed in on MU shares. The consensus analyst target price is $48.78. Therefore 83% are positive. Micron Technology has a one year low of $16.45 and a one year high of $42.07. The company has a 50 day moving average of $35.64 and a 200-day moving average of $31.03. Micron Technology Inc. had 179 analyst reports since July 29, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with "Overweight" rating in Tuesday, August 11 report.

Equity analyst BMO Capital initiated coverage on the stock setting a rating of "Market Perform". The firm has "Buy" rating by Summit Redstone Partners given on Wednesday, October 11. $408,911 worth of Micron Technology, Inc. The rating was upgraded by Nomura to "Buy" on Thursday, June 23. This means that the stock's daily price swings have been more extreme in recent times compared to the past. On Wednesday, July 27 the stock rating was maintained by Jefferies with "Hold". (NASDAQ:MU) has "Buy" rating given on Friday, December 23 by Argus Research. The firm has "Buy" rating given on Monday, August 22 by Mizuho.

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