Texas Permanent School Fund Has Lifted Its Micron Technology (MU) Position; Last Week ASOS Plc (LON:ASC) Analysts

February 12, 2018 - By Hazel Jackson

Texas Permanent School Fund increased Micron Technology Inc (MU) stake by 5.66% reported in 2017Q3 SEC filing. Texas Permanent School Fund acquired 16,552 shares as Micron Technology Inc (MU)’s stock rose 19.14%. The Texas Permanent School Fund holds 308,741 shares with $12.14 million value, up from 292,189 last quarter. Micron Technology Inc now has $48.81B valuation. The stock increased 4.45% or $1.8 during the last trading session, reaching $42.21. About 41.97 million shares traded or 0.74% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since February 12, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Among 24 analysts covering ASOS Plc (LON:ASC), 14 have Buy rating, 2 Sell and 8 Hold. Therefore 58% are positive. ASOS Plc had 247 analyst reports since August 4, 2015 according to SRatingsIntel. Berenberg maintained it with “Buy” rating and GBX 6500 target in Thursday, March 9 report. The company was maintained on Monday, September 21 by Liberum Capital. The firm has “Buy” rating given on Tuesday, July 12 by Liberum Capital. The firm earned “Neutral” rating on Tuesday, June 20 by Goldman Sachs. The firm earned “Hold” rating on Wednesday, October 28 by Canaccord Genuity. Macquarie Research maintained ASOS Plc (LON:ASC) rating on Wednesday, April 5. Macquarie Research has “Outperform” rating and GBX 7000 target. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, April 5. BNP Paribas maintained the shares of ASC in report on Tuesday, May 17 with “Outperform” rating. Deutsche Bank maintained the shares of ASC in report on Monday, February 1 with “Buy” rating. HSBC maintained ASOS Plc (LON:ASC) on Wednesday, June 7 with “Hold” rating. See ASOS Plc (LON:ASC) latest ratings:

12/02/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 8000.00 New Target: GBX 8000.00 Maintain
31/01/2018 Broker: Deutsche Bank Rating: Hold Old Target: GBX 7400.00 New Target: GBX 7400.00 DownGrade
02/02/2018 Broker: Liberum Capital Rating: Buy New Target: GBX 8000.00 Maintain
01/02/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 7000.00 New Target: GBX 7000.00 Maintain
30/01/2018 Broker: Goldman Sachs Rating: Neutral Old Target: GBX 6100.00 New Target: GBX 7300.00 Maintain
26/01/2018 Broker: RBC Capital Markets Rating: Outperform Old Target: GBX 7400.00 New Target: GBX 8100.00 Maintain
26/01/2018 Broker: Barclays Capital Rating: Overweight Maintain
25/01/2018 Broker: Numis Securities Rating: Buy New Target: GBX 8500.00 Maintain
25/01/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 7000.00 New Target: GBX 7000.00 Maintain
25/01/2018 Broker: Shore Capital Rating: Buy Maintain

Since August 16, 2017, it had 0 insider buys, and 13 selling transactions for $12.60 million activity. The insider BAILEY ROBERT L sold $129,520. Deboer Scott J had sold 10,000 shares worth $340,000 on Tuesday, September 12. On Friday, September 29 Thorsen Steven L. JR sold $4.53M worth of Micron Technology, Inc. (NASDAQ:MU) or 118,944 shares. On Wednesday, August 16 the insider Mondry Lawrence N sold $765,485. The insider Poppen Joel L sold $3.09 million. ARNZEN APRIL S sold $10,507 worth of Micron Technology, Inc. (NASDAQ:MU) on Friday, September 1.

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 36 have Buy rating, 0 Sell and 6 Hold. Therefore 86% are positive. Micron Technology Inc. had 214 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, March 18 by Susquehanna. The stock has “Buy” rating by Stifel Nicolaus on Monday, August 29. Mizuho maintained Micron Technology, Inc. (NASDAQ:MU) on Friday, October 9 with “Neutral” rating. BMO Capital Markets upgraded the shares of MU in report on Monday, October 9 to “Hold” rating. Standpoint Research upgraded Micron Technology, Inc. (NASDAQ:MU) on Wednesday, December 7 to “Buy” rating. Credit Suisse maintained the stock with “Buy” rating in Thursday, June 29 report. Standpoint Research maintained the stock with “Buy” rating in Sunday, August 9 report. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Cowen & Co on Wednesday, September 6. The rating was maintained by Wells Fargo with “Buy” on Wednesday, December 20. Deutsche Bank maintained Micron Technology, Inc. (NASDAQ:MU) rating on Monday, March 21. Deutsche Bank has “Buy” rating and $16 target.

Texas Permanent School Fund decreased Lowes Cos Inc (NYSE:LOW) stake by 7,129 shares to 233,960 valued at $18.70M in 2017Q3. It also reduced Metlife Inc (NYSE:MET) stake by 9,020 shares and now owns 294,553 shares. United Technologies Corp (NYSE:UTX) was reduced too.

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.29, from 1.08 in 2017Q2. It increased, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported. 74,131 were accumulated by Laurion Cap Lp. 18,200 are held by Arrowstreet Capital Limited Partnership. Churchill invested in 0.1% or 98,288 shares. Zacks Investment Mgmt owns 481,678 shares. Moreover, Cognios Ltd Liability has 0.09% invested in Micron Technology, Inc. (NASDAQ:MU) for 5,833 shares. Eidelman Virant, Missouri-based fund reported 95,865 shares. Hermes Inv Ltd accumulated 1.30 million shares or 0.77% of the stock. Lincoln National owns 6,556 shares or 0.01% of their US portfolio. Moreover, Hutchin Hill LP has 0.41% invested in Micron Technology, Inc. (NASDAQ:MU). Corsair Cap Management LP accumulated 10,000 shares. Herald Invest Mgmt stated it has 25,000 shares. 421,150 are owned by Raymond James & Assoc. Legal And General Group Public Limited Liability Co accumulated 5.64M shares. Advisory Service Ltd Com accumulated 0.15% or 32,603 shares. Jennison Assocs Limited Liability Corporation holds 0% or 65,735 shares in its portfolio.

The stock increased 3.34% or GBX 222 during the last trading session, reaching GBX 6860. About 307,545 shares traded. ASOS Plc (LON:ASC) has 0.00% since February 12, 2017 and is . It has underperformed by 16.70% the S&P500.

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, and the Russian Federation. The company has market cap of 5.71 billion GBP. The firm offers a range of clothing products, including womenswear and menswear, footwear, and accessories, as well as jewelry and beauty collections. It has a 89.56 P/E ratio. It sells approximately 85,000 branded and own-labeled products primarily through its Website, asos.com, as well as through marketplace platforms, magazines, and social networking sites.

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