Holder Endeavour Capital Advisors Has Lifted Pacific Mercantile Bancorp (PMBC) Position; Micron Technology (MU) Holder Whale Rock Capital Management Has Upped Holding by $21.27 Million

May 19, 2018 - By reb123z

Micron Technology, Inc. (NASDAQ:MU) Logo

Alex Sacerdote increased its stake in Micron Technology Inc (MU) by 83.71% based on its latest 2017Q4 regulatory filing with the SEC. Whale Rock Capital Management Llc bought 518,676 shares as the company’s stock rose 18.77% while stock markets declined. The hedge fund run by Alex Sacerdote held 1.14 million shares of the technology company at the end of 2017Q4, valued at $46.81M, up from 619,615 at the end of the previous reported quarter. Whale Rock Capital Management Llc who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $61.92B market cap company. The stock decreased 2.39% or $1.31 during the last trading session, reaching $53.39. About 43.40 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since May 19, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

Endeavour Capital Advisors Inc increased its stake in Pacific Mercantile Bancorp (PMBC) by 5.71% based on its latest 2017Q4 regulatory filing with the SEC. Endeavour Capital Advisors Inc bought 107,482 shares as the company’s stock rose 6.82% while stock markets declined. The hedge fund held 1.99 million shares of the major banks company at the end of 2017Q4, valued at $17.43M, up from 1.88M at the end of the previous reported quarter. Endeavour Capital Advisors Inc who had been investing in Pacific Mercantile Bancorp for a number of months, seems to be bullish on the $228.54M market cap company. The stock decreased 0.51% or $0.05 during the last trading session, reaching $9.8. About 12,887 shares traded. Pacific Mercantile Bancorp (NASDAQ:PMBC) has risen 23.68% since May 19, 2017 and is uptrending. It has outperformed by 12.13% the S&P500.

Since December 11, 2017, it had 3 insider purchases, and 9 insider sales for $181,223 activity. Anderson Robert S. had sold 1,527 shares worth $12,353 on Wednesday, February 21. Shares for $11,690 were sold by VERITY CINDY on Wednesday, February 21. Inserra Thomas J. had bought 6,413 shares worth $55,472. Another trade for 1,000 shares valued at $9,650 was sold by Wagner Tom. Vertin Thomas bought $63,550 worth of stock or 7,400 shares. The insider THOMAS JOHN MD sold 405 shares worth $3,443.

Endeavour Capital Advisors Inc, which manages about $972.14 million and $246.71 million US Long portfolio, decreased its stake in Enterprise Finl Svcs Corp (NASDAQ:EFSC) by 75,527 shares to 368,459 shares, valued at $16.64 million in 2017Q4, according to the filing. It also reduced its holding in Investar Hldg Corp (NASDAQ:ISTR) by 31,868 shares in the quarter, leaving it with 64,237 shares, and cut its stake in First Midwest Bancorp Del (NASDAQ:FMBI).

More recent Pacific Mercantile Bancorp (NASDAQ:PMBC) news were published by: Globenewswire.com which released: “Pacific Mercantile Bancorp Reports First Quarter 2018 Operating Results” on April 23, 2018. Also Globenewswire.com published the news titled: “Pacific Mercantile Bancorp to Participate in the DA Davidson Financial Institutions Conference” on May 03, 2018. Nasdaq.com‘s news article titled: “Pacific Mercantile Bank Provides $5 Million in Financing to Western Shield” with publication date: May 16, 2018 was also an interesting one.

Among 3 analysts covering Pacific Mercantile Bancorp (NASDAQ:PMBC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pacific Mercantile Bancorp had 7 analyst reports since May 26, 2017 according to SRatingsIntel. As per Thursday, August 3, the company rating was upgraded by Keefe Bruyette & Woods. The stock of Pacific Mercantile Bancorp (NASDAQ:PMBC) has “Buy” rating given on Tuesday, January 30 by Hovde Group. The stock has “Outperform” rating by Wood on Thursday, August 3. The stock of Pacific Mercantile Bancorp (NASDAQ:PMBC) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm has “Buy” rating given on Tuesday, April 24 by Keefe Bruyette & Woods. On Friday, May 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. As per Wednesday, March 21, the company rating was maintained by Hovde Group.

Investors sentiment increased to 1.39 in Q4 2017. Its up 0.45, from 0.94 in 2017Q3. It is positive, as 2 investors sold PMBC shares while 16 reduced holdings. 9 funds opened positions while 16 raised stakes. 10.16 million shares or 8.95% less from 11.16 million shares in 2017Q3 were reported. Clover Prtn LP holds 573,538 shares. Fj Cap Mngmt Llc has invested 0.03% in Pacific Mercantile Bancorp (NASDAQ:PMBC). Tower Research Cap Ltd Liability (Trc) accumulated 2,684 shares. Price T Rowe Assocs Inc Md holds 379,739 shares. Parallax Volatility Advisers LP has invested 0% in Pacific Mercantile Bancorp (NASDAQ:PMBC). Deutsche Retail Bank Ag reported 48,241 shares. California State Teachers Retirement System holds 0% of its portfolio in Pacific Mercantile Bancorp (NASDAQ:PMBC) for 24,519 shares. Bnp Paribas Arbitrage Sa holds 0% in Pacific Mercantile Bancorp (NASDAQ:PMBC) or 4,071 shares. Alliancebernstein Limited Partnership invested 0% of its portfolio in Pacific Mercantile Bancorp (NASDAQ:PMBC). Tiaa Cref Investment Mngmt Ltd Liability Corporation, a New York-based fund reported 40,115 shares. Retail Bank Of Mellon Corporation holds 64,030 shares. 3,726 are owned by Macquarie Grp Incorporated Limited. State Street Corp holds 0% of its portfolio in Pacific Mercantile Bancorp (NASDAQ:PMBC) for 218,990 shares. Ejf Capital Ltd Liability Com stated it has 978,251 shares or 0.68% of all its holdings. Schwab Charles Management Incorporated owns 0% invested in Pacific Mercantile Bancorp (NASDAQ:PMBC) for 21,300 shares.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Fool.com which released: “Better Buy: Micron Technology Inc. (MU) vs. Intel (INTC)” on May 19, 2018, also Seekingalpha.com with their article: “RBC initiates Micron at 48% upside (update)” published on May 16, 2018, Seekingalpha.com published: “Micron: The Catalyst Of The Year” on May 17, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Nasdaq.com and their article: “Tuesday’s Vital Data: Micron Technology, Inc. (MU), Facebook Inc. (FB) and AT&T Inc. (T)” published on April 24, 2018 as well as Seekingalpha.com‘s news article titled: “Micron: Reading The Tea Leaves” with publication date: May 14, 2018.

Whale Rock Capital Management Llc, which manages about $1.16B and $2.16B US Long portfolio, decreased its stake in Netease Inc (NASDAQ:NTES) by 46,998 shares to 159,456 shares, valued at $55.02 million in 2017Q4, according to the filing. It also reduced its holding in Lam Research Corp (NASDAQ:LRCX) by 149,157 shares in the quarter, leaving it with 331,596 shares, and cut its stake in Nvidia Corp (NASDAQ:NVDA).

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. had 242 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Susquehanna given on Friday, March 18. The firm earned “Hold” rating on Monday, March 26 by Bernstein. The company was maintained on Friday, June 30 by Loop Capital Markets. As per Wednesday, March 1, the company rating was upgraded by Goldman Sachs. The company was maintained on Wednesday, October 5 by Credit Suisse. The company was upgraded on Wednesday, July 29 by Drexel Hamilton. Cowen & Co maintained the shares of MU in report on Wednesday, September 27 with “Buy” rating. Standpoint Research maintained the stock with “Buy” rating in Sunday, August 9 report. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Sector Weight” rating by Pacific Crest on Tuesday, April 19. The rating was maintained by Wells Fargo on Wednesday, December 20 with “Buy”.

Pacific Mercantile Bancorp (NASDAQ:PMBC) Institutional Positions Chart

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