Micron (MU) “Buy” Rating Reaffirmed by Nomura; With $100.0000 Target; Safety Income & Growth (SAFE) SI Increased By 112.01%

May 22, 2018 - By Moses P. Lee

Micron Technology, Inc. (NASDAQ:MU) Logo

Nomura currently has a $100.0000 price target on the $64.34 billion market cap company or 80.25% upside potential. In a research note sent to investors on Tuesday, 22 May, Micron (NASDAQ:MU) stock had its “Buy” Rating reaffirmed by professional analysts at Nomura.

Safety Income & Growth Inc (NYSE:SAFE) had an increase of 112.01% in short interest. SAFE’s SI was 820,900 shares in May as released by FINRA. Its up 112.01% from 387,200 shares previously. With 82,700 avg volume, 10 days are for Safety Income & Growth Inc (NYSE:SAFE)’s short sellers to cover SAFE’s short positions. The SI to Safety Income & Growth Inc’s float is 7.54%. The stock increased 0.22% or $0.04 during the last trading session, reaching $18.4. About 30,685 shares traded. Safety, Income & Growth Inc. (NYSE:SAFE) has 0.00% since May 22, 2017 and is . It has underperformed by 11.55% the S&P500.

Safety, Income and Growth, Inc. is a real estate investment trust externally managed by SFTY Manager LLC. The company has market cap of $334.70 million. The firm acquires, own, manage, finance and capitalize ground net leases, or GNLs. It currently has negative earnings. It represent ownership of the land underlying commercial real estate projects that is net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.

Among 4 analysts covering Safety Income & Growth Inc (NYSE:SAFE), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Safety Income & Growth Inc had 7 analyst reports since July 14, 2017 according to SRatingsIntel. The rating was maintained by Ladenburg on Friday, July 14 with “Buy”. The rating was maintained by Ladenburg on Tuesday, October 31 with “Buy”. Barclays Capital initiated Safety, Income & Growth Inc. (NYSE:SAFE) on Monday, July 17 with “Hold” rating. The stock of Safety, Income & Growth Inc. (NYSE:SAFE) earned “Buy” rating by Ladenburg on Monday, July 31. On Monday, July 17 the stock rating was initiated by J.P. Morgan with “Hold”. The stock of Safety, Income & Growth Inc. (NYSE:SAFE) has “Hold” rating given on Thursday, October 26 by Mizuho. The company was initiated on Thursday, August 31 by Mizuho.

More recent Safety, Income & Growth Inc. (NYSE:SAFE) news were published by: Businesswire.com which released: “Safety, Income & Growth Reports First Quarter 2018 Results” on April 26, 2018. Also Seekingalpha.com published the news titled: “Safety Income & Growth’s (SAFE) CEO Jay Sugarman on Q1 2018 Results – Earnings Call Transcript” on April 29, 2018. Gurufocus.com‘s news article titled: “Safety, Income And Growth Inc (SAFE) Chairman and CEO Jay Sugarman Bought $100594 of Shares” with publication date: May 16, 2018 was also an interesting one.

Among 43 analysts covering Micron Technology Inc. (NASDAQ:MU), 35 have Buy rating, 1 Sell and 7 Hold. Therefore 81% are positive. Micron Technology Inc. has $100.0 highest and $8 lowest target. $51.74’s average target is -6.74% below currents $55.48 stock price. Micron Technology Inc. had 242 analyst reports since July 29, 2015 according to SRatingsIntel. Needham upgraded it to “Buy” rating and $33 target in Thursday, December 22 report. The rating was maintained by Mizuho on Friday, August 7 with “Neutral”. The firm has “Buy” rating by Cowen & Co given on Thursday, March 22. The firm has “Hold” rating given on Tuesday, November 28 by Standpoint Research. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Wells Fargo on Monday, July 31. On Thursday, March 31 the stock rating was downgraded by Bernstein to “Market Perform”. On Friday, March 23 the stock rating was maintained by JP Morgan with “Overweight”. Morgan Stanley maintained it with “Overweight” rating and $65 target in Friday, March 23 report. The company was maintained on Friday, September 9 by UBS. The firm has “Outperform” rating given on Tuesday, September 29 by Wells Fargo.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron: Time For A Breakout” on May 22, 2018, also Seekingalpha.com with their article: “Micron +2.9% on $10B share repurchase program” published on May 21, 2018, Seekingalpha.com published: “Don’t Sell Micron Technology Because Of Trade War” on May 21, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Nasdaq.com and their article: “Micron and Intel Extend their Leadership in 3D NAND Flash memory” published on May 21, 2018 as well as Streetinsider.com‘s news article titled: “After-Hours Stock Movers 05/21: (NBRV) (MU) (ADBE) Higher; (LBY) (ARDX) (PSTG) Lower (more…)” with publication date: May 21, 2018.

The stock increased 3.91% or $2.09 during the last trading session, reaching $55.48. About 62.34M shares traded or 13.04% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since May 22, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

Micron Technology, Inc. provides semiconductor systems worldwide. The company has market cap of $64.34 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 8.67 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.

Investors sentiment decreased to 1.24 in 2017 Q4. Its down 0.13, from 1.37 in 2017Q3. It worsened, as 49 investors sold Micron Technology, Inc. shares while 245 reduced holdings. 126 funds opened positions while 239 raised stakes. 883.15 million shares or 0.40% less from 886.67 million shares in 2017Q3 were reported. Bokf Na reported 0.14% stake. Cetera Ltd Liability Corp has invested 0.09% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Cubist Systematic Strategies Ltd Limited Liability Company holds 0.24% in Micron Technology, Inc. (NASDAQ:MU) or 109,065 shares. Eqis Capital stated it has 0.24% in Micron Technology, Inc. (NASDAQ:MU). 683 Capital Mgmt Limited Liability invested in 330,000 shares or 1.14% of the stock. Qs Ltd Liability reported 87,777 shares or 0.03% of all its holdings. Campbell & Adviser Ltd Liability Corporation has 0.19% invested in Micron Technology, Inc. (NASDAQ:MU) for 6,365 shares. Natl Registered Inv Advisor Inc has invested 0.17% in Micron Technology, Inc. (NASDAQ:MU). Fred Alger Mgmt Inc reported 0.5% stake. 528,686 are owned by Zwj Investment Counsel. Rhumbline Advisers reported 0.16% in Micron Technology, Inc. (NASDAQ:MU). Natixis holds 0.11% or 336,079 shares in its portfolio. Stonebridge Capital Limited Com accumulated 68,965 shares or 0.65% of the stock. Doheny Asset Management Ca has invested 0.51% in Micron Technology, Inc. (NASDAQ:MU). Deutsche Natl Bank Ag holds 0.06% or 2.27 million shares in its portfolio.

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

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By1 Moses P. Lee

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