Magnetar Financial Has Raised Stake in Idex (IEX) by $591,465; Oakbrook Investments Decreased Micron Technology (MU) Position by $599,420; Valuation Rose

May 17, 2018 - By Adrian Mccoy

Micron Technology, Inc. (NASDAQ:MU) Logo

Alec Litowitz increased its stake in Idex Corp (IEX) by 119.79% based on its latest 2017Q4 regulatory filing with the SEC. Magnetar Financial Llc bought 4,515 shares as the company’s stock rose 7.15% while stock markets declined. The hedge fund run by Alec Litowitz held 8,284 shares of the fluid controls company at the end of 2017Q4, valued at $1.09 million, up from 3,769 at the end of the previous reported quarter. Magnetar Financial Llc who had been investing in Idex Corp for a number of months, seems to be bullish on the $10.54B market cap company. The stock increased 0.21% or $0.29 during the last trading session, reaching $137.41. About 194,248 shares traded. IDEX Corporation (NYSE:IEX) has risen 54.93% since May 17, 2017 and is uptrending. It has outperformed by 43.38% the S&P500.

Oakbrook Investments Llc decreased its stake in Micron Technology Inc. (MU) by 13.84% based on its latest 2017Q4 regulatory filing with the SEC. Oakbrook Investments Llc sold 14,620 shares as the company’s stock rose 18.77% while stock markets declined. The institutional investor held 91,030 shares of the technology company at the end of 2017Q4, valued at $3.74M, down from 105,650 at the end of the previous reported quarter. Oakbrook Investments Llc who had been investing in Micron Technology Inc. for a number of months, seems to be less bullish one the $65.53 billion market cap company. The stock increased 4.61% or $2.49 during the last trading session, reaching $56.5. About 56.25M shares traded or 3.45% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since May 17, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

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 rating was maintained by KeyBanc Capital Markets on Friday, March 23 with “Overweight”. The firm has “Buy” rating by Evercore given on Thursday, March 31. The company was maintained on Thursday, July 27 by BMO Capital Markets. The firm has “Neutral” rating given on Tuesday, February 16 by Nomura. Stifel Nicolaus maintained it with “Buy” rating and $85 target in Tuesday, February 6 report. The rating was maintained by Mizuho with “Buy” on Tuesday, August 25. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Overweight” rating given on Thursday, March 31 by JP Morgan. The firm earned “Buy” rating on Monday, March 21 by UBS. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Mizuho on Wednesday, October 5. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Overweight” rating given on Thursday, December 17 by Morgan Stanley.

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.13, from 1.37 in 2017Q3. It is negative, as 49 investors sold MU 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. Asset Mngmt, a New York-based fund reported 19,511 shares. 1.11M were accumulated by Van Eck Assocs Corporation. Alps Advsrs holds 0.01% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 47,623 shares. Corsair Cap Mngmt L P, New York-based fund reported 10,000 shares. 238,948 were reported by Tocqueville Asset Management Lp. Ajo Lp invested in 2.29 million shares. Canada Pension Plan Investment Board has 0.07% invested in Micron Technology, Inc. (NASDAQ:MU). Hartford Inv Mngmt Com owns 253,348 shares. The Maine-based Vigilant Cap Management Ltd Liability Co has invested 0% in Micron Technology, Inc. (NASDAQ:MU). Creative Planning accumulated 158,887 shares. Tiaa Cref Invest Mgmt holds 0.11% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 4.20M shares. Ameriprise Fin reported 20.17M shares stake. Peak6 Lp owns 0.19% invested in Micron Technology, Inc. (NASDAQ:MU) for 975,076 shares. Ontario – Canada-based Cibc Mkts has invested 0.1% in Micron Technology, Inc. (NASDAQ:MU). Tudor Invest Corporation Et Al invested in 212,936 shares.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on July, 5. They expect $2.81 earnings per share, up 100.71% or $1.41 from last year’s $1.4 per share. MU’s profit will be $3.26 billion for 5.03 P/E if the $2.81 EPS becomes a reality. After $2.80 actual earnings per share reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 0.36% EPS growth.

Oakbrook Investments Llc, which manages about $3.64 billion and $1.58B US Long portfolio, upped its stake in Unum Group (NYSE:UNM) by 7,200 shares to 17,080 shares, valued at $938,000 in 2017Q4, according to the filing. It also increased its holding in Lennar Corporation (NYSE:LEN) by 4,850 shares in the quarter, for a total of 13,690 shares, and has risen its stake in The Walt Disney Company (NYSE:DIS).

Since January 2, 2018, it had 0 buys, and 13 selling transactions for $7.65 million activity. Deboer Scott J also sold $638,380 worth of Micron Technology, Inc. (NASDAQ:MU) shares. Byrne Patrick J also sold $665,058 worth of Micron Technology, Inc. (NASDAQ:MU) on Wednesday, May 2. The insider BAILEY ROBERT L sold $144,003. JOHNSON MERCEDES had sold 25,000 shares worth $1.26 million on Monday, April 2. $1.36 million worth of stock was sold by Thorsen Steven L. JR on Tuesday, May 8. $2.17M worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by Mondry Lawrence N.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron: Shorts Are Scared To Act” on May 16, 2018, also Schaeffersresearch.com with their article: “Blink Stock Scales the Nasdaq for Second Time In Two Weeks” published on May 16, 2018, Seekingalpha.com published: “The Market Is Doubtful Of Micron” on May 10, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Where Does Micron Technology Go From Here?” published on May 15, 2018 as well as Nasdaq.com‘s news article titled: “New Research Coverage Highlights Ellie Mae, Micron Technology, Applied Optoelectronics, Acadia Realty Trust …” with publication date: May 16, 2018.

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.01, from 1.03 in 2017Q3. It increased, as 21 investors sold IEX shares while 120 reduced holdings. 58 funds opened positions while 88 raised stakes. 72.31 million shares or 1.43% less from 73.36 million shares in 2017Q3 were reported. Renaissance Technologies Limited Liability Corporation owns 2,800 shares. Lodestar Invest Counsel Ltd Il holds 4,700 shares. Shine Invest Advisory Service Incorporated invested 0.01% of its portfolio in IDEX Corporation (NYSE:IEX). Primecap Mgmt Ca owns 774,030 shares for 0.08% of their portfolio. Ghp Inv has 7,867 shares for 0.15% of their portfolio. Dimensional Fund Advsrs Lp reported 331,105 shares. Prudential Inc has 0.04% invested in IDEX Corporation (NYSE:IEX) for 202,224 shares. Capital Guardian Company holds 0.32% of its portfolio in IDEX Corporation (NYSE:IEX) for 172,493 shares. Indexiq Advsrs Limited Liability reported 31,334 shares. Savings Bank holds 7,872 shares or 0.01% of its portfolio. Clinton Grp accumulated 1,775 shares or 0.02% of the stock. Hancock accumulated 0.05% or 9,964 shares. Piedmont Inv Ltd Liability has 0.05% invested in IDEX Corporation (NYSE:IEX). Rice Hall James And Associates Limited Liability Corporation invested in 0.07% or 14,225 shares. Wells Fargo And Mn reported 206,301 shares.

Magnetar Financial Llc, which manages about $13.74B and $4.06B US Long portfolio, decreased its stake in Duke Realty Corp (NYSE:DRE) by 19,268 shares to 10,074 shares, valued at $274,000 in 2017Q4, according to the filing. It also reduced its holding in Silgan Holdings Inc (NASDAQ:SLGN) by 64,902 shares in the quarter, leaving it with 15,873 shares, and cut its stake in Transcanada Corp (NYSE:TRP).

Among 16 analysts covering IDEX Corporation (NYSE:IEX), 2 have Buy rating, 0 Sell and 14 Hold. Therefore 13% are positive. IDEX Corporation had 59 analyst reports since September 29, 2015 according to SRatingsIntel. Stifel Nicolaus maintained IDEX Corporation (NYSE:IEX) rating on Friday, July 14. Stifel Nicolaus has “Hold” rating and $11500 target. The firm has “Neutral” rating by Janney Capital given on Tuesday, June 21. As per Wednesday, April 12, the company rating was maintained by RBC Capital Markets. BMO Capital Markets maintained the stock with “Hold” rating in Monday, October 16 report. Seaport Global maintained the stock with “Hold” rating in Thursday, February 1 report. Wells Fargo maintained the stock with “Buy” rating in Wednesday, January 31 report. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, April 4 report. On Thursday, September 28 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock has “Hold” rating by Jefferies on Thursday, April 13. As per Monday, April 24, the company rating was maintained by Robert W. Baird.

Another recent and important IDEX Corporation (NYSE:IEX) news was published by Seekingalpha.com which published an article titled: “IDEX Corporation 2018 Q1 – Results – Earnings Call Slides” on April 30, 2018.

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

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