EPS for Micron Technology, Inc. (MU) Expected At $2.12; Aristotle Capital Management Lifted Its Ansys (ANSS) Position

November 15, 2017 - By Adrian Mccoy

Analysts expect Micron Technology, Inc. (NASDAQ:MU) to report $2.12 EPS on December, 20.They anticipate $1.84 EPS change or 657.14% from last quarter’s $0.28 EPS. MU’s profit would be $2.47B giving it 5.34 P/E if the $2.12 EPS is correct. After having $1.99 EPS previously, Micron Technology, Inc.’s analysts see 6.53% EPS growth. About 124,653 shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since November 15, 2016 and is uptrending. It has outperformed by 159.57% the S&P500.

Aristotle Capital Management Llc increased Ansys Inc (ANSS) stake by 18.46% reported in 2017Q2 SEC filing. Aristotle Capital Management Llc acquired 349,801 shares as Ansys Inc (ANSS)’s stock rose 21.87%. The Aristotle Capital Management Llc holds 2.24M shares with $273.08M value, up from 1.89M last quarter. Ansys Inc now has $12.68 billion valuation. It closed at $149.43 lastly. It is down 43.75% since November 15, 2016 and is uptrending. It has outperformed by 27.05% the S&P500.

Micron Technology, Inc. is engaged in semiconductor systems. The company has market cap of $52.82 billion. The Company’s portfolio of memory technologies, including dynamic random-access memory , negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. It has a 10.59 P/E ratio.

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 35 have Buy rating, 1 Sell and 6 Hold. Therefore 83% are positive. Micron Technology Inc. had 187 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, December 22 by Summit Redstone Partners. The rating was maintained by Needham with “Buy” on Friday, June 30. The firm has “Neutral” rating by Bank of America given on Monday, August 17. The stock has “Buy” rating by Stifel Nicolaus on Monday, August 29. J.P. Morgan maintained Micron Technology, Inc. (NASDAQ:MU) on Tuesday, June 20 with “Buy” rating. Loop Capital Markets maintained the stock with “Buy” rating in Friday, June 30 report. Barclays Capital initiated the shares of MU in report on Monday, September 21 with “Overweight” rating. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Underperform” rating by Bank of America on Wednesday, October 21. Mizuho maintained Micron Technology, Inc. (NASDAQ:MU) rating on Wednesday, July 5. Mizuho has “Buy” rating and $3800 target. On Monday, March 7 the stock rating was downgraded by Nomura to “Reduce”.

Since May 16, 2017, it had 0 insider purchases, and 3 sales for $650,750 activity. ARNZEN APRIL S had sold 1,000 shares worth $30,750 on Thursday, June 1. $408,911 worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Byrne Patrick J on Tuesday, May 16. The insider Deboer Scott J sold $320,000.

Investors sentiment increased to 1.08 in Q2 2017. Its up 0.03, from 1.05 in 2017Q1. It improved, as 63 investors sold Micron Technology, Inc. shares while 217 reduced holdings. 85 funds opened positions while 218 raised stakes. 832.79 million shares or 1.90% less from 848.93 million shares in 2017Q1 were reported. Nuveen Asset Mgmt Ltd Company holds 0.01% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 60,490 shares. 1,818 were accumulated by Alpha Windward Ltd Liability Corporation. Graham Mgmt Lp holds 0.03% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 35,500 shares. Royal State Bank Of Canada invested in 2.08M shares. Scout Investments has 0.49% invested in Micron Technology, Inc. (NASDAQ:MU) for 562,377 shares. 83 are held by Plante Moran Fin Advsr Limited Liability Company. New York State Teachers Retirement System, a New York-based fund reported 1.77 million shares. Cornerstone Inc has 783 shares for 0.01% of their portfolio. Citigroup owns 975,907 shares for 0.03% of their portfolio. Livforsakringsbolaget Skandia Omsesidigt, Sweden-based fund reported 19,836 shares. Andra Ap stated it has 108,600 shares or 0.08% of all its holdings. Capstone Asset Mngmt accumulated 75,486 shares. M&T Bankshares invested 0.01% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Dynamic Cap Mgmt Limited reported 18,000 shares stake. The New York-based Qvt Fincl L P has invested 0.06% in Micron Technology, Inc. (NASDAQ:MU).

Since May 23, 2017, it had 0 insider purchases, and 2 insider sales for $842,960 activity. THURK MICHAEL had sold 4,800 shares worth $594,960. $248,000 worth of ANSYS, Inc. (NASDAQ:ANSS) was sold by ZILVITIS PATRICK J.

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By1 Adrian Mccoy

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