Baring Asset Management LTD Has Upped Micron Technology (MU) Holding by $1.18 Million as Share Price Rose; Fort Point Capital Partners Holds Stake in Advanced Micro Devices (AMD)

November 15, 2017 - By Ellis Scott

Baring Asset Management Ltd increased its stake in Micron Technology Inc. (MU) by 318.54% based on its latest 2017Q2 regulatory filing with the SEC. Baring Asset Management Ltd bought 40,792 shares as the company’s stock rose 19.14% with the market. The institutional investor held 53,598 shares of the technology company at the end of 2017Q2, valued at $1.60M, up from 12,806 at the end of the previous reported quarter. Baring Asset Management Ltd who had been investing in Micron Technology Inc. for a number of months, seems to be bullish on the $52.82B market cap company. It closed at $45.8 lastly. It is down 176.27% since November 15, 2016 and is uptrending. It has outperformed by 159.57% the S&P500.

Fort Point Capital Partners Llc increased its stake in Advanced Micro Devices Inc (AMD) by 236.67% based on its latest 2017Q2 regulatory filing with the SEC. Fort Point Capital Partners Llc bought 30,000 shares as the company’s stock declined 13.10% while stock markets rallied. The institutional investor held 42,676 shares of the technology company at the end of 2017Q2, valued at $533,000, up from 12,676 at the end of the previous reported quarter. Fort Point Capital Partners Llc who had been investing in Advanced Micro Devices Inc for a number of months, seems to be bullish on the $10.73B market cap company. It closed at $11.12 lastly. It is down 202.65% since November 15, 2016 and is uptrending. It has outperformed by 185.95% the S&P500.

Since May 16, 2017, it had 0 insider purchases, and 3 selling transactions for $650,750 activity. The insider ARNZEN APRIL S sold $30,750. Shares for $408,911 were sold by Byrne Patrick J.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Investorplace.com which released: “Micron Technology, Inc. Stock Still Has Room to Run” on November 14, 2017, also Seekingalpha.com with their article: “When Will Micron Technology Announce New Fab Construction?” published on November 07, 2017, Globenewswire.com published: “Micron Technology Announces Upcoming Investor Events” on November 14, 2017. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Fool.com and their article: “Why Micron Technology, Inc. Stock Gained 12.7% in October” published on November 10, 2017 as well as Seekingalpha.com‘s news article titled: “Micron Technology: Chips Ahoy!” with publication date: November 02, 2017.

Investors sentiment increased to 1.08 in 2017 Q2. Its up 0.03, from 1.05 in 2017Q1. It improved, as 63 investors sold MU 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. Private Ocean Ltd Liability Co has invested 0.03% in Micron Technology, Inc. (NASDAQ:MU). First Natl Communications holds 13,330 shares or 0.05% of its portfolio. Natixis Asset Mngmt has 0.2% invested in Micron Technology, Inc. (NASDAQ:MU). Ally has 0.12% invested in Micron Technology, Inc. (NASDAQ:MU) for 20,000 shares. Sei Investments Communications reported 1.49M shares. Moreover, Northpointe Cap Ltd Limited Liability Company has 0.42% invested in Micron Technology, Inc. (NASDAQ:MU) for 133,203 shares. Howard Hughes Institute reported 9,677 shares or 0.05% of all its holdings. Jump Trading Ltd Liability Corp has 27,050 shares for 0.12% of their portfolio. Lombard Odier Asset Mngmt (Europe) has 0.02% invested in Micron Technology, Inc. (NASDAQ:MU). Northern reported 11.45 million shares. Cwm Limited Liability Company owns 1,212 shares for 0% of their portfolio. 1832 Asset Mgmt LP holds 210 shares or 0% of its portfolio. Winslow Evans & Crocker Inc holds 23,165 shares or 0% of its portfolio. Wfg Advisors LP has 0.08% invested in Micron Technology, Inc. (NASDAQ:MU). Moreover, Alphaone Investment Svcs Limited Liability has 4.86% invested in Micron Technology, Inc. (NASDAQ:MU) for 604,500 shares.

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 has “Neutral” rating given on Wednesday, October 5 by Goldman Sachs. The rating was downgraded by Bank of America on Wednesday, October 21 to “Underperform”. Bank of America downgraded Micron Technology, Inc. (NASDAQ:MU) on Monday, August 17 to “Neutral” rating. The stock has “Buy” rating by Cowen & Co on Monday, June 26. On Monday, August 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. Mizuho maintained Micron Technology, Inc. (NASDAQ:MU) rating on Tuesday, July 25. Mizuho has “Buy” rating and $3800 target. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Thursday, October 19 by Stifel Nicolaus. The company was maintained on Monday, March 21 by UBS. The firm has “Buy” rating by Wells Fargo given on Monday, June 26. The firm has “Overweight” rating by JP Morgan given on Thursday, March 31.

Baring Asset Management Ltd, which manages about $1.54 billion US Long portfolio, decreased its stake in Ishares Select Dividend Etf (DVY) by 3,300 shares to 16,703 shares, valued at $1.54M in 2017Q2, according to the filing. It also reduced its holding in Alibaba Group Holding Limited (NYSE:BABA) by 88,150 shares in the quarter, leaving it with 1.89 million shares, and cut its stake in Credicorp Ltd (NYSE:BAP).

Among 29 analysts covering Advanced Micro (NASDAQ:AMD), 10 have Buy rating, 7 Sell and 12 Hold. Therefore 34% are positive. Advanced Micro had 88 analyst reports since August 13, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Tuesday, October 3 report. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, October 25. Jefferies maintained Advanced Micro Devices, Inc. (NASDAQ:AMD) rating on Tuesday, July 4. Jefferies has “Buy” rating and $1600 target. The firm earned “Buy” rating on Wednesday, October 25 by Craig Hallum. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Hold” rating by Oppenheimer on Tuesday, June 20. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Buy” rating by Jefferies on Thursday, September 21. The company was maintained on Tuesday, July 25 by Oppenheimer. The rating was maintained by Rosenblatt on Monday, November 6 with “Buy”. On Tuesday, December 6 the stock rating was initiated by Loop Capital with “Buy”. The rating was downgraded by Macquarie Research on Tuesday, May 2 to “Underperform”.

Investors sentiment decreased to 1.28 in Q2 2017. Its down 0.47, from 1.75 in 2017Q1. It turned negative, as 68 investors sold AMD shares while 98 reduced holdings. 72 funds opened positions while 141 raised stakes. 543.78 million shares or 4.31% more from 521.31 million shares in 2017Q1 were reported. Nuveen Asset Mgmt Ltd Limited Liability Company accumulated 20,765 shares. California Public Employees Retirement Systems holds 0.03% or 1.45 million shares in its portfolio. Norinchukin Bancorp The reported 53,775 shares stake. Amp Cap Limited invested in 410,416 shares. Sei Investments Comm invested in 0.01% or 229,024 shares. M&R Cap has invested 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Zurcher Kantonalbank (Zurich Cantonalbank) reported 159,983 shares. Barclays Public Limited Com stated it has 0.03% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Oregon Public Employees Retirement Fund has invested 0.02% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Louisiana State Employees Retirement Systems invested 0.03% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Amalgamated Natl Bank has invested 0.07% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Oakbrook Ltd Liability Corp reported 58,650 shares. Amer Intl Gru accumulated 263,684 shares. Greenwood Assoc Ltd Liability Corp stated it has 0.08% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Jane Street Grp Lc invested in 0.15% or 3.43 million shares.

Fort Point Capital Partners Llc, which manages about $268.42M and $179.73M US Long portfolio, decreased its stake in Alphabet Inc by 670 shares to 588 shares, valued at $534,000 in 2017Q2, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 35,889 shares in the quarter, leaving it with 51,075 shares, and cut its stake in Spdr S&P 500 Etf Tr (SPY).

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