Alphaone Investment Services Has Lowered Its Nokia (NOK) Holding as Market Value Rose; Lansdowne Partners Uk Llp Continues to Hold Stake in Micron Technology (MU)

August 12, 2018 - By Mark Babin

Nokia Corporation (NYSE:NOK) Logo

Lansdowne Partners Uk Llp increased its stake in Micron Technology Inc (MU) by 46.19% based on its latest 2018Q1 regulatory filing with the SEC. Lansdowne Partners Uk Llp bought 22,540 shares as the company’s stock rose 27.87% while stock markets declined. The hedge fund held 71,340 shares of the technology company at the end of 2018Q1, valued at $3.72 million, up from 48,800 at the end of the previous reported quarter. Lansdowne Partners Uk Llp who had been investing in Micron Technology Inc for a number of months, seems to be bullish on the $59.58B market cap company. The stock decreased 1.70% or $0.89 during the last trading session, reaching $51.37. About 29.96M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 108.46% since August 12, 2017 and is uptrending. It has outperformed by 95.89% the S&P500. Some Historical MU News: 22/03/2018 – Micron’s Results Weren’t Quite Chipper Enough — Heard on the Street; 13/03/2018 – Micron Technology, Inc. vs PRESIDENT AND FELLOWS OF HARVARD COLLEGE | Terminated-Settled | 03/13/2018; 23/03/2018 – MICRON TECHNOLOGY INC MU.O : WELLS FARGO RAISES TARGET PRICE TO $70 FROM $54; 14/05/2018 – Coatue Buys New 1.2% Position in Micron; 28/03/2018 – Micron Waste Technologies Testifies to the Canadian Senate Regarding Innovations in Cannabis Waste Management; 22/03/2018 – MICRON 2Q ADJ EPS $2.82; 22/03/2018 – Micron Technology 2Q EPS $2.67; 26/03/2018 – MICRON SOLUTIONS INC QTRLY SHR LOSS $0.13; 14/05/2018 – Coatue Adds Micron, Exits Bank of America, Cuts Nvidia: 13F; 05/03/2018 Micron Technology to Host Analyst and Investor Event

Alphaone Investment Services Llc decreased its stake in Nokia Corp (NOK) by 99.8% based on its latest 2018Q1 regulatory filing with the SEC. Alphaone Investment Services Llc sold 153,222 shares as the company’s stock rose 3.54% while stock markets declined. The institutional investor held 314 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q1, valued at $2,000, down from 153,536 at the end of the previous reported quarter. Alphaone Investment Services Llc who had been investing in Nokia Corp for a number of months, seems to be less bullish one the $29.66B market cap company. The stock decreased 2.61% or $0.14 during the last trading session, reaching $5.22. About 10.93M shares traded. Nokia Corporation (NYSE:NOK) has declined 4.06% since August 12, 2017 and is downtrending. It has underperformed by 16.63% the S&P500. Some Historical NOK News: 10/04/2018 – Google Is Said in Talks to Buy Nokia’s Airborne Broadband System; 26/04/2018 – Nokia Saw Strong Order Intake and Backlog in 1Q; 26/04/2018 – NOKIA CEO RAJEEV SURI SPEAKS ON CONFERENCE CALL; 31/05/2018 – Nokia wins State Grid Corporation of China optical transport network upgrade in Beijing and Tianjin; 26/04/2018 – Nokia CEO: Networks Margins Weighed by Soft 1Q in North America; 31/05/2018 – Nokia sells digital health venture, executive to leave; 12/03/2018 – New cloud-native Nokia Enterprise Session Border Controller delivers unparalleled security and flexibility for enterprise communications; 12/05/2018 – MOHEMMED: Alphabet’s Google is in talks to buy Nokia’s airplane broadband business, Bloomberg reported on Tuesday, citing; 31/05/2018 – Nokia announces a change in the composition of the Nokia Group Leadership Team; 30/05/2018 – NOKIA – BOARD ESTABLISHED A TECHNOLOGY COMMITTEE PRIMARILY AS AN ADVISORY FORUM AND FOR PURPOSE OF REVIEWING INNOVATION AND TECHNOLOGY STRATEGIES

Among 45 analysts covering Micron Technology Inc. (NASDAQ:MU), 35 have Buy rating, 0 Sell and 10 Hold. Therefore 78% are positive. Micron Technology Inc. had 264 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, September 27. M Partners maintained it with “Neutral” rating and $22.0 target in Friday, August 14 report. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Tuesday, February 6 by Needham. As per Monday, August 17, the company rating was downgraded by Bank of America. KeyBanc Capital Markets upgraded Micron Technology, Inc. (NASDAQ:MU) on Monday, February 5 to “Buy” rating. As per Thursday, August 20, the company rating was downgraded by Robert W. Baird. The firm has “Buy” rating by J.P. Morgan given on Friday, September 22. The firm earned “Buy” rating on Thursday, September 21 by Loop Capital. The rating was maintained by Nomura on Wednesday, September 21 with “Buy”. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Wednesday, September 13 by Goldman Sachs.

Lansdowne Partners Uk Llp, which manages about $30.64B and $9.60 billion US Long portfolio, decreased its stake in United Technologies Corp (NYSE:UTX) by 43,029 shares to 230,970 shares, valued at $29.06 million in 2018Q1, according to the filing. It also reduced its holding in Unitedhealth Group Inc (NYSE:UNH) by 5,317 shares in the quarter, leaving it with 21,457 shares, and cut its stake in Warrior Met Coal Inc.

Investors sentiment decreased to 1.13 in Q1 2018. Its down 0.11, from 1.24 in 2017Q4. It turned negative, as 52 investors sold MU shares while 282 reduced holdings. 138 funds opened positions while 241 raised stakes. 846.69 million shares or 4.13% less from 883.15 million shares in 2017Q4 were reported. Asset Mgmt holds 0.19% in Micron Technology, Inc. (NASDAQ:MU) or 26,228 shares. 19,634 are owned by Massmutual Trust Com Fsb Adv. Financial Architects Incorporated stated it has 10,811 shares. Brick And Kyle Assocs holds 4,200 shares or 0.18% of its portfolio. Tarbox Family Office Incorporated stated it has 396 shares or 0.01% of all its holdings. Ellington Mngmt Gru Limited has invested 0.18% in Micron Technology, Inc. (NASDAQ:MU). Gotham Asset Management Limited Liability Company owns 1.48 million shares or 1.08% of their US portfolio. Teewinot Capital Advisers Limited Liability Corp accumulated 49,200 shares. Moreover, California Public Employees Retirement System has 0.17% invested in Micron Technology, Inc. (NASDAQ:MU). City Holdings Co has invested 0% in Micron Technology, Inc. (NASDAQ:MU). 717,957 were reported by Central Asset Invs Management (Hk). Petrus Trust Com Lta invested in 0.07% or 6,073 shares. Parnassus Investments Ca has invested 0.74% in Micron Technology, Inc. (NASDAQ:MU). Illinois-based Css Limited Liability Com Il has invested 0.01% in Micron Technology, Inc. (NASDAQ:MU). Sentinel Tru Lba, a Texas-based fund reported 177,778 shares.

Since February 14, 2018, it had 0 insider buys, and 14 insider sales for $16.07 million activity. $151,496 worth of stock was sold by BAILEY ROBERT L on Monday, April 2. $2.20M worth of stock was sold by Thorsen Steven L. JR on Friday, July 20. 532 shares were sold by ARNZEN APRIL S, worth $31,814 on Thursday, March 15. Shares for $768,439 were sold by Deboer Scott J. Shares for $1.26M were sold by JOHNSON MERCEDES on Monday, April 2. $5.40 million worth of Micron Technology, Inc. (NASDAQ:MU) was sold by SWITZ ROBERT E on Monday, July 2.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Finance.Yahoo.com which released: “Micron Technology Teaches a Tough Trading Lesson” on August 11, 2018, also Nasdaq.com with their article: “Pre-Market Most Active for Jul 23, 2018 : MU, FCAU, LPNT, GE, TSLA, GSK, QQQ, CLF, TLRY, HCLP, ABX, SYNT” published on July 23, 2018, Seekingalpha.com published: “Micron sales exec discloses sale of $2.2M in shares” on July 24, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Finance.Yahoo.com and their article: “3 Chip Stocks to Buy for the Next 3 Years” published on August 10, 2018 as well as Nasdaq.com‘s news article titled: “Trade of the Day: Micron (MU)” with publication date: July 19, 2018.

More recent Nokia Corporation (NYSE:NOK) news were published by: Seekingalpha.com which released: “Nokia -6.3% as profits drop out” on July 26, 2018. Also Seekingalpha.com published the news titled: “Nokia: How Bad Can It Really Be?” on July 27, 2018. Seekingalpha.com‘s news article titled: “Nokia Corporation 2018 Q2 – Results – Earnings Call Slides” with publication date: July 26, 2018 was also an interesting one.

Among 25 analysts covering Nokia (NYSE:NOK), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. Nokia had 53 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was downgraded by Credit Suisse on Friday, January 5 to “Hold”. The stock of Nokia Corporation (NYSE:NOK) has “Overweight” rating given on Tuesday, February 7 by Morgan Stanley. The firm has “Buy” rating given on Friday, February 2 by M Partners. On Friday, October 27 the stock rating was maintained by Canaccord Genuity with “Hold”. As per Friday, July 28, the company rating was maintained by Cowen & Co. The rating was upgraded by Raymond James to “Market Perform” on Friday, May 6. The stock has “Buy” rating by Bank of America on Friday, May 13. Bernstein maintained Nokia Corporation (NYSE:NOK) on Thursday, September 3 with “Outperform” rating. On Thursday, September 21 the stock rating was maintained by Canaccord Genuity with “Hold”. Nordea upgraded Nokia Corporation (NYSE:NOK) on Tuesday, September 1 to “Sell” rating.

Analysts await Nokia Corporation (NYSE:NOK) to report earnings on October, 25. They expect $0.06 EPS, down 45.45% or $0.05 from last year’s $0.11 per share. NOK’s profit will be $340.89 million for 21.75 P/E if the $0.06 EPS becomes a reality. After $0.04 actual EPS reported by Nokia Corporation for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Alphaone Investment Services Llc, which manages about $491.59 million and $363.89 million US Long portfolio, upped its stake in Johnson & Johnson (NYSE:JNJ) by 5,621 shares to 6,549 shares, valued at $839,000 in 2018Q1, according to the filing. It also increased its holding in Dxp Enterprises Inc New (NASDAQ:DXPE) by 25,329 shares in the quarter, for a total of 121,579 shares, and has risen its stake in Pepsico Inc (NYSE:PEP).

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

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