BMO Capital Initiates Coverage on Micron (NASDAQ:MU). What May be Next?

BMO Capital Initiates Coverage on Micron (NASDAQ:MU). What May be Next?

Therefore 52% are positive. The firm earned "Buy" rating on Thursday, October 19 by Stifel Nicolaus. (NASDAQ:MU) on Friday, August 14 with "Neutral" rating. The firm earned "Overweight" rating on Thursday, March 31 by Pacific Crest. On Thursday, October 12 the stock rating was maintained by Barclays Capital with "Buy". Mizuho maintained the shares of MU in report on Thursday, September 7 with "Buy" rating. The firm has "Buy" rating given on Monday, June 26 by Wells Fargo.

TRADEMARK VIOLATION NOTICE: "Systematic Financial Management LP Has $28.82 Million Holdings in Micron Technology, Inc". The firm has "Buy" rating given on Friday, June 30 by Deutsche Bank.

Progress over US tax reform this week had prompted traders to rotate out of tech stocks, the year's best performers, and switch to firms seen benefiting most from a potential reduction in the corporate tax rate such as banks. The fund owned 28,780 shares of the semiconductor manufacturer's stock after selling 4,400 shares during the period. The stock of Micron Technology, Inc. Following the transaction, the director now directly owns 117,299 shares in the company, valued at $5,225,670.45. Vodafone Group Plc New now has $79.15 billion valuation.

The stock increased 0.17% or $0.02 during the last trading session, reaching $11.8. About 2.67 million shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since November 30, 2016 and is downtrending. It has underperformed by 29.93% the S&P500.

Since June 1, 2017, it had 0 insider buys, and 1 insider sale for $320,000 activity. Also, EVP Scott J. Deboer sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 12th.

Investors mark this stock "active" as it exchanged hands with 561,613 shares contrast to its average daily volume of 1.69M shares. The company has a market cap of $55,275.51, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 0.65 and a beta of 1.78.

Micron Technology, Inc. (MU) shares are down -13.74% for the week and that has got investors and traders sitting up and taking note.

BMO Capital Initiates Coverage on Micron (NASDAQ:MU). What May be Next?

Institutional owners hold 85.50% stake while Insiders ownership held at 0.20% in the company. LP now owns 1,828,935 shares of the semiconductor manufacturer's stock worth $71,932,000 after buying an additional 386,019 shares in the last quarter.

Among 4 analysts covering Sodastream International (NASDAQ:SODA), 1 have Buy rating, 0 Sell and 3 Hold. Jacobi Capital Management LLC now owns 3,305 shares of the semiconductor manufacturer's stock valued at $135,000 after acquiring an additional 2,600 shares during the last quarter. Laurion Capital Management Limited Partnership has 0.04% invested in Micron Technology, Inc. Eagle Glob Advsrs Lc owns 0.28% invested in Micron Technology, Inc. (NASDAQ:MU) for 6,870 shares. Gateway Investment Advisers Lc holds 0.02% in Micron Technology, Inc. (NASDAQ:MU). Natl Bank Hapoalim Bm reported 47,075 shares.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 26th. Stock" published on November 22, 2017 as well as's news article titled: "Tuesday's Vital Data: Micron Technology, Inc. National Planning Corp, a California-based fund reported 61,707 shares. Vetr upgraded shares of Micron Technology from a "hold" rating to a "buy" rating and set a $42.77 target price for the company in a research report on Wednesday, October 25th. Raymond James And Assocs stated it has 0.03% of its portfolio in Micron Technology, Inc. Looking at the stock's movement on the chart, Micron Technology, Inc. recorded a 52-week high of $49.89. Steelhead Ptnrs Ltd Limited Liability Company owns 179,470 shares for 0.48% of their portfolio. Banque Pictet And Cie Sa holds 0.26% of its portfolio in Micron Technology, Inc. Dekabank Deutsche Girozentrale bought 6,417 shares as the company's stock rose 8.30% with the market. The firm operates through four divisions: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit.

The company P/E (price to earnings) ratio is 11.08 and Forward P/E ratio is 7.02. 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.

The stock decreased 1.96% or $0.83 during the last trading session, reaching $41.56. About 40.08 million shares traded or 14.61% up from the average. It has outperformed by 159.57% the S&P500. Zeke Cap Ltd Company reported 0.05% stake. 894,527 were reported by Great West Life Assurance Company Can. Cerner Corp (NASDAQ:CERN) was raised too. Hanseatic Management Services Inc. acquired a new stake in Micron Technology during the third quarter valued at approximately $2,450,000. The rating was downgraded by BNP Paribas on Monday, November 21 to "Neutral". Morgan Stanley downgraded NIKE, Inc.

A number of equities analysts recently weighed in on the stock. Standpoint Research initiated Vodafone Group Plc (NASDAQ:VOD) rating on Tuesday, January 3.

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