River Road Asset Management Has Increased Qep Resources (QEP) Holding By $793,600; Micron Technology (MU) Has 1.08 Sentiment

December 6, 2017 - By wolcottdaily

Micron Technology, Inc. provides semiconductor systems worldwide. The company has market cap of $47.72 billion. The firm operates through four divisions: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It has a 9.38 P/E ratio. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, automotive and industrial applications, and computer memory upgrades; and hybrid memory cube semiconductor memory devices for use in networking and computing applications.

River Road Asset Management Llc increased Qep Resources Inc. (QEP) stake by 10.66% reported in 2017Q2 SEC filing. River Road Asset Management Llc acquired 79,360 shares as Qep Resources Inc. (QEP)’s stock declined 33.02%. The River Road Asset Management Llc holds 823,640 shares with $8.32 million value, up from 744,280 last quarter. Qep Resources Inc. now has $2.19 billion valuation. The stock decreased 4.81% or $0.46 during the last trading session, reaching $9.1. About 3.83 million shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since December 6, 2016 and is downtrending. It has underperformed by 51.27% the S&P500.

Investors sentiment increased to 1.3 in 2017 Q2. Its up 0.25, from 1.05 in 2017Q1. It improved, as 35 investors sold QEP shares while 75 reduced holdings. 32 funds opened positions while 111 raised stakes. 221.16 million shares or 1.99% more from 216.85 million shares in 2017Q1 were reported. Ameritas Invest Prtn Inc holds 0.03% of its portfolio in QEP Resources, Inc. (NYSE:QEP) for 70,632 shares. Teacher Retirement Systems Of Texas accumulated 19,618 shares or 0% of the stock. Private Ocean Lc invested in 0% or 150 shares. South Dakota Invest Council, South Dakota-based fund reported 168,700 shares. Northern Corporation has invested 0.01% in QEP Resources, Inc. (NYSE:QEP). Van Eck holds 39,161 shares or 0% of its portfolio. Indexiq Advsrs Ltd Liability Company invested in 0% or 6,617 shares. Macquarie Group Ltd owns 67,838 shares. Gsa Capital Partners Llp has invested 0.01% in QEP Resources, Inc. (NYSE:QEP). Teachers Retirement System Of The State Of Kentucky holds 44,520 shares or 0.01% of its portfolio. Wellington Management Grp Inc Limited Liability Partnership, a Massachusetts-based fund reported 13.22M shares. Cubist Systematic Strategies Ltd Limited Liability Company stated it has 0.01% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Howe Rusling invested in 0% or 283 shares. Inc has 491,759 shares. Tennessee-based First Mercantile Trust has invested 0.05% in QEP Resources, Inc. (NYSE:QEP).

Among 22 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. QEP Resources had 50 analyst reports since August 7, 2015 according to SRatingsIntel. Deutsche Bank maintained it with “Buy” rating and $23 target in Tuesday, June 14 report. The rating was maintained by BMO Capital Markets on Monday, June 26 with “Buy”. JP Morgan initiated QEP Resources, Inc. (NYSE:QEP) rating on Tuesday, April 12. JP Morgan has “Overweight” rating and $17 target. The rating was upgraded by BMO Capital Markets to “Outperform” on Monday, July 18. The stock has “Outperform” rating by FBR Capital on Tuesday, January 3. As per Thursday, November 19, the company rating was upgraded by Goldman Sachs. The firm has “Buy” rating by Mizuho given on Tuesday, November 21. Barclays Capital maintained the shares of QEP in report on Tuesday, September 26 with “Overweight” rating. As per Wednesday, June 8, the company rating was initiated by Drexel Hamilton. The stock has “Buy” rating by Piper Jaffray on Thursday, October 19.

River Road Asset Management Llc decreased Ventas Inc. (NYSE:VTR) stake by 223,832 shares to 975,772 valued at $67.80M in 2017Q2. It also reduced Vista Outdoor Inc stake by 463,240 shares and now owns 217,600 shares. Klx Inc. was reduced too.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on December, 20. They expect $2.12 EPS, up 657.14% or $1.84 from last year’s $0.28 per share. MU’s profit will be $2.44B for 4.88 P/E if the $2.12 EPS becomes a reality. After $1.99 actual EPS reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 6.53% EPS growth.

Ratings analysis reveals 86% of Micron’s analysts are positive. Out of 14 Wall Street analysts rating Micron, 12 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $18.0 while the high is $33.0. The stock’s average target of $23.10 is -44.17% below today’s ($41.375) share price. MU was included in 14 notes of analysts from August 22, 2016. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Outperform” rating by Cowen & Co on Thursday, September 1. Citigroup initiated it with “Buy” rating and $30.0 target in Wednesday, December 7 report. The rating was upgraded by Goldman Sachs on Wednesday, March 1 to “Buy”. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Argus Research on Friday, December 23. The firm earned “Buy” rating on Friday, September 9 by UBS. The company was initiated on Tuesday, December 13 by Loop Capital. The firm has “Buy” rating by Stifel Nicolaus given on Monday, August 29. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Overweight” rating given on Monday, October 3 by Barclays Capital. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Hold” rating given on Monday, August 29 by Standpoint Research. Needham upgraded it to “Buy” rating and $33.0 target in Thursday, December 22 report.

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