Reid Walker decreased its stake in Micron Technology Inc (NASDAQ:MU) by 58.6% based on its latest Q3 2015 regulatory filing with the SEC. Ws Management Lllp sold 1.41M shares as the company’s stock declined 20.23% with the market. The hedge fund run by Reid Walker held 993,569 shares of the technology company at the end of Q3, valued at $14.88 million, down from 2.40M at the end of the previous reported quarter. Ws Management Lllp who had been investing in Micron Technology Inc since many months, could be less bullish the $16.12B market cap company. The stock decreased 1.68% or $0.25 during the last trading session, hitting $14.6. Micron Technology, Inc. (NASDAQ:MU) has declined 47.84% since May 6, 2015 and is downtrending. It has underperformed by 47.04% the S&P500.
Gordon Stacy Smith and Reid Walker created WS Capital in 1997 which is based in Dallas. On occasions they take very big stakes from small businesses
The institutional sentiment increased to 0.98 in Q3 2015. Its up 0.12, from 0.86 in 2015Q2. The ratio increased, as 107 funds sold all MU shares owned while 203 reduced positions. 63 funds bought stakes while 242 increased positions. They now own 801.58 million shares or 13.68% less from 928.62 million shares in 2015Q2.
T2 Partners Management Lp holds 5.4% of its portfolio in MU for 181,420 shares. Majedie Asset Management Ltd owns 1.75 million shares or 3.99% of their US portfolio. Moreover, 683 Capital Management Llc has 3.23% invested in the company for 1.47 million shares. The California-based Banta Asset Management Lp has invested 3.14% in the stock. Greenlight Capital Inc, a New York-based fund reported 12.37 million shares.
Since April 20, 2015, the stock had 0 insider buys, and 1 insider sale for $80,002 net activity. Bailey Robert L sold 4,000 shares worth $80,002. Deboer Scott J sold 39,087 shares worth $977,437. Shirley Brian sold 89,750 shares worth $2.58M. Johnson Mercedes sold 18,250 shares worth $509,540.
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Out of 30 analysts covering Micron Technology Inc. (NASDAQ:MU), 20 rate it “Buy”, 4 “Sell”, while 9 “Hold”. This means 61% are positive. $43 is the highest target while $12.5 is the lowest. The $21.07 average target is 55.21% above today’s ($14.6) stock price. Micron Technology Inc. was the topic in 39 analyst reports since July 29, 2015 according to StockzIntelligence Inc.
More important recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Thestreet.com which released: “Micron Technology (MU) Stock Falls, Lower DRAM Prices Could Lead to Earnings Miss” on December 08, 2015, also Profitconfidential.com published article titled: “MU Stock: This Could Send Micron Technology, Inc. Shares Soaring 142%”, Fool.com published: “Why Micron Technology, Inc. Gained 10.6% in October” on November 09, 2015. More interesting news about Micron Technology, Inc. (NASDAQ:MU) was released by: Fool.com and their article: “Why Micron Technology Inc. Is a Risky Bet” with publication date: November 11, 2015.
Micron Technology, Inc. is a global well-known provider of semiconductor devices. The company has a market cap of $16.12 billion. Through the Company’s global operations, it makes and markets a full range of Dynamic Random Access Memory , 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. It has 5.93 P/E ratio. The Firm operates in four divisions: 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.
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