Micron Technology, Inc. provides semiconductor systems worldwide. The company has market cap of $53.80 billion. The firm operates through four divisions: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It has a 7.27 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.
Clough Capital Partners LP increased Lam Research Corp (LRCX) stake by 232.79% reported in 2017Q3 SEC filing. Clough Capital Partners LP acquired 201,360 shares as Lam Research Corp (LRCX)’s stock rose 32.64%. The Clough Capital Partners LP holds 287,860 shares with $53.27 million value, up from 86,500 last quarter. Lam Research Corp now has $31.47 billion valuation. The stock increased 2.52% or $4.74 during the last trading session, reaching $193.1. About 2.23M shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since February 25, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.
Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on March, 22 after the close. They expect $2.69 earnings per share, up 249.35% or $1.92 from last year’s $0.77 per share. MU’s profit will be $3.11 billion for 4.32 P/E if the $2.69 EPS becomes a reality. After $2.41 actual earnings per share reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 11.62% EPS growth.
Credit Capital Investments Llc holds 37.1% of its portfolio in Micron Technology, Inc. for 855,000 shares. Central Asset Investments & Management Holdings (Hk) Ltd owns 1.01 million shares or 27.42% of their US portfolio. Moreover, Seminole Management Co. Inc. has 12.14% invested in the company for 1.44 million shares. The Florida-based Ws Management Lllp has invested 11.88% in the stock. Donald Smith & Co. Inc., a New York-based fund reported 12.11 million shares.
Since January 1, 0001, it had 0 buys, and 15 sales for $14.83 million activity.
Ratings analysis reveals 86% of Micron’s analysts are positive. Out of 14 Wall Street analysts rating Micron, 12 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $18.0 while the high is $33.0. The stock’s average target of $23.10 is -50.35% below today’s ($46.53) share price. MU was included in 14 notes of analysts from August 22, 2016. The firm earned “Buy” rating on Thursday, February 9 by Bank of America. Citigroup initiated Micron Technology, Inc. (NASDAQ:MU) on Wednesday, December 7 with “Buy” rating. The firm has “Hold” rating by Loop Capital given on Tuesday, December 13. On Monday, August 29 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was maintained by Barclays Capital on Monday, October 3 with “Overweight”. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Wednesday, March 1 by Goldman Sachs. The stock has “Buy” rating by Stifel Nicolaus on Monday, August 29. UBS maintained Micron Technology, Inc. (NASDAQ:MU) rating on Friday, September 9. UBS has “Buy” rating and $20.0 target. Mizuho maintained the stock with “Buy” rating in Monday, August 22 report. The firm has “Buy” rating given on Thursday, August 25 by Nomura.
The stock increased 5.15% or $2.28 during the last trading session, reaching $46.53. About 48.48 million shares traded or 11.75% up from the average. Micron Technology, Inc. (MU) has risen 176.27% since February 25, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.
Investors sentiment increased to 1.02 in 2017 Q3. Its up 0.04, from 0.98 in 2017Q2. It improved, as 51 investors sold LRCX shares while 238 reduced holdings. 87 funds opened positions while 207 raised stakes. 146.35 million shares or 1.92% less from 149.22 million shares in 2017Q2 were reported. Los Angeles Mngmt Equity Rech has 0.08% invested in Lam Research Corporation (NASDAQ:LRCX) for 73,470 shares. Central Savings Bank And reported 1,987 shares stake. D E Shaw & Inc holds 0.22% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 774,506 shares. 4,552 are held by Highland Ltd Co. Oak Assocs Ltd Oh invested in 0.13% or 9,255 shares. Altfest L J And invested 0.41% in Lam Research Corporation (NASDAQ:LRCX). Origin Asset Mgmt Limited Liability Partnership has invested 2.33% in Lam Research Corporation (NASDAQ:LRCX). Shell Asset Management Co has 0.03% invested in Lam Research Corporation (NASDAQ:LRCX). Farmers & Merchants Invs stated it has 0% in Lam Research Corporation (NASDAQ:LRCX). Tru Communication Of Toledo Na Oh holds 0.08% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 1,692 shares. Kentucky-based Renaissance Grp Limited Liability has invested 1.36% in Lam Research Corporation (NASDAQ:LRCX). Amica Retiree owns 0.2% invested in Lam Research Corporation (NASDAQ:LRCX) for 1,351 shares. L And S Advsr Inc has invested 0.32% in Lam Research Corporation (NASDAQ:LRCX). Virtus Inv Advisers reported 18,568 shares. 84,050 were accumulated by Foundry Prtnrs Ltd.
Since September 11, 2017, it had 0 insider purchases, and 11 sales for $12.77 million activity. ARCHER TIMOTHY had sold 8,691 shares worth $1.49M on Tuesday, September 12. $142,500 worth of Lam Research Corporation (NASDAQ:LRCX) was sold by NEWBERRY STEPHEN G. The insider Varadarajan Seshasayee sold 25,453 shares worth $5.47 million.