Overbrook Management Corp Trimmed Its Position in Micron Technology Inc (NASDAQ:MU) by $12.27 Million

May 17, 2018 - By Clyde Turner

Micron Technology, Inc. (NASDAQ:MU) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 1.24. That’s change of 0.13, from 2017Q3’s 1.37. 49 investors sold all, 245 reduced holdings as MU ratio dived. 239 rose positions while 126 funds acquired positions. Funds hold 883.15 million shares thus 0.40% less from 2017Q3’s 886.67 million shares. Quantbot Techs Lp has invested 0.09% in Micron Technology, Inc. (NASDAQ:MU). Institute For Wealth Mngmt Limited Liability Corporation accumulated 0.05% or 5,626 shs. Loomis Sayles Co Limited Partnership accumulated 660 shs or 0% of the stock. State Of New Jersey Common Pension Fund D invested 0.31% in Micron Technology, Inc. (NASDAQ:MU). Arrowstreet Cap Lp has invested 0.47% in Micron Technology, Inc. (NASDAQ:MU). Tarbox Family Office holds 396 shs or 0.01% of its capital. Tudor Corp Et Al holds 0.22% or 212,936 shs in its capital. Northpointe Capital Lc accumulated 0.44% or 95,118 shs. Td Asset Management stated it has 0.02% in Micron Technology, Inc. (NASDAQ:MU). Ivory Mngmt stated it has 1.94M shs or 4.56% of all its holdings. Herald Investment Limited invested in 0.32% or 25,000 shs. Icon Advisers has invested 0.35% in Micron Technology, Inc. (NASDAQ:MU). Balyasny Asset Mgmt Ltd Liability Com accumulated 0.15% or 1.15 million shs. Covington Management owns 1,600 shs. Tiverton Asset Mngmt Ltd Limited Liability Company has 11,920 shs.

MU had 13 sales and 0 buys since January 2, 2018. This’s net activity of $7.65 million. On Wednesday, May 2 the insider Byrne Patrick J sold $665,058. On Monday, April 2 a trade for 25,000 shs valued at $1.26 million was made by JOHNSON MERCEDES. Another trade for 50,000 shs valued at $2.17 million was made by Mondry Lawrence N on Wednesday, February 14. Thorsen Steven L. JR also sold $1.36M worth of Micron Technology, Inc. (NASDAQ:MU) shs. The insider ARNZEN APRIL S sold 1,222 shs worth $53,487. On Wednesday, February 7 $638,380 worth of stock was sold by Deboer Scott J.

In 2018Q1 SEC form is reported Overbrook Management Corp’s holdings in Micron Technology Inc (NASDAQ:MU) which was decreased by 46.63%. By selling 235,886 shares Overbrook Management Corp made the stock Popped Up with 18.77%. At the end of 2018Q1, the hedge fund held 269,983 shares of the technology company, valued at $14.08 million, down from 505,869 at the end of the previous reported quarter. For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

Overbrook Management Corp is a New York-based hedge fund with more than $1.12 billion AUM in October, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Overbrook Management latest Adv, the fund reported to have 15 full and part-time employees. Among which 6 performing investment advisory and research functions. The hedge fund had more than 200 clients.

Micron Technology, Inc. (NASDAQ:MU) Ratings Coverage

In total 25 analysts cover Micron (NASDAQ:MU). “Buy” rating has 20, “Sell” are 1, while 4 are “Hold”. (NASDAQ:MU) has 80% bullish analysts. With $100.0 highest and $35 lowest target, Micron has $70.83 average target or 25.36% above the current ($56.5) price. 54 are the (NASDAQ:MU)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Tuesday, February 6 the stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Stifel Nicolaus. On Thursday, May 10 Morgan Stanley maintained Micron Technology, Inc. (NASDAQ:MU) with “Buy” rating. On Friday, March 23 the stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given by Mizuho. On Monday, March 12 the rating was upgraded by Nomura to “Buy”. On Tuesday, March 20 the stock has “Outperform” rating by Credit Suisse. The stock rating was maintained by Wells Fargo with “Buy” on Wednesday, December 20. On Tuesday, May 15 the company was maintained by Mizuho. In Monday, March 12 report Mizuho maintained the stock with “Buy” rating. In Tuesday, November 28 report Robert W. Baird maintained it with “Buy” rating and $60.0 target. On Tuesday, March 6 Goldman Sachs maintained Micron Technology, Inc. (NASDAQ:MU) rating. Goldman Sachs has “Buy” rating and $58.0 target.

Micron Technology, Inc. provides semiconductor systems worldwide.The firm is worth $65.53 billion. The firm operates through four divisions: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit.8.83 is the P/E ratio. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, automotive and industrial applications, and computer memory upgrades; and hybrid memory cube semiconductor memory devices for use in networking and computing applications.

Micron Technology, Inc. (NASDAQ:MU) Institutional Investors Chart

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