Advent Capital Management Upped Micron Technology (MU) Stake By $1.05 Million; Blucora (BCOR) Shorts Down By 37.08%

December 17, 2017 - By Darrin Black

Advent Capital Management increased Micron Technology Inc (MU) stake by 410.15% reported in 2017Q2 SEC filing. Advent Capital Management acquired 36,179 shares as Micron Technology Inc (MU)’s stock rose 19.14%. The Advent Capital Management holds 45,000 shares with $1.34M value, up from 8,821 last quarter. Micron Technology Inc now has $49.05 billion valuation. The stock increased 1.14% or $0.48 during the last trading session, reaching $42.53. About 14.32 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since December 17, 2016 and is uptrending. It has outperformed by 159.57% the S&P500.

Blucora Incorporated (NASDAQ:BCOR) had a decrease of 37.08% in short interest. BCOR’s SI was 745,700 shares in December as released by FINRA. Its down 37.08% from 1.19M shares previously. With 420,100 avg volume, 2 days are for Blucora Incorporated (NASDAQ:BCOR)’s short sellers to cover BCOR’s short positions. The SI to Blucora Incorporated’s float is 1.9%. The stock increased 1.58% or $0.35 during the last trading session, reaching $22.55. About 1.52 million shares traded or 244.59% up from the average. Blucora, Inc. (NASDAQ:BCOR) has risen 147.59% since December 17, 2016 and is uptrending. It has outperformed by 130.89% the S&P500.

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 35 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Micron Technology Inc. had 194 analyst reports since July 29, 2015 according to SRatingsIntel. Citigroup initiated the stock with “Buy” rating in Wednesday, December 7 report. The rating was upgraded by Wells Fargo to “Market Perform” on Monday, August 17. Nomura maintained the shares of MU in report on Wednesday, September 21 with “Buy” rating. Argus Research maintained the stock with “Buy” rating in Wednesday, August 19 report. Barclays Capital maintained Micron Technology, Inc. (NASDAQ:MU) on Wednesday, October 5 with “Outperform” rating. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Wednesday, September 27 by Robert W. Baird. Barclays Capital maintained Micron Technology, Inc. (NASDAQ:MU) on Monday, October 3 with “Overweight” rating. The firm has “Hold” rating given on Wednesday, August 5 by Morgan Stanley. On Monday, June 19 the stock rating was maintained by Robert W. Baird with “Buy”. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Morgan Stanley on Monday, November 27.

Investors sentiment increased to 1.37 in Q2 2017. Its up 0.29, from 1.08 in 2017Q1. It increased, 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. Parnassus Invests Ca, a California-based fund reported 6.78M shares. Highland Cap Mgmt Lp accumulated 256,200 shares. First Allied Advisory Serv accumulated 68,477 shares. Tcw Grp Inc stated it has 0.71% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Andra Ap holds 0.08% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 108,600 shares. Vident Inv Advisory Llc has invested 0.27% in Micron Technology, Inc. (NASDAQ:MU). Schroder Invest Gru invested in 1.65M shares. Old Mutual Customised Solutions (Proprietary) Limited owns 23,188 shares. M&T Bank & Trust Corp, a New York-based fund reported 55,680 shares. Zweig owns 416,210 shares. Marshall Wace Ltd Liability Partnership holds 470,962 shares or 0.62% of its portfolio. Point72 Asset Mngmt LP has 3.05 million shares. Invesco accumulated 11.11 million shares. First Personal Finance invested in 0.03% or 4,234 shares. Nippon Life Ins holds 0.03% in Micron Technology, Inc. (NASDAQ:MU) or 44,124 shares.

Advent Capital Management decreased Nvidia Corp (Prn) stake by 5.65 million shares to 1.22M valued at $8.75 million in 2017Q2. It also reduced Euronet Worldwide Inc (Prn) stake by 5.25 million shares and now owns 20.53 million shares. Workday Inc (Prn) was reduced too.

Since August 1, 2017, it had 0 buys, and 13 insider sales for $12.58 million activity. On Friday, September 1 BAILEY ROBERT L sold $97,910 worth of Micron Technology, Inc. (NASDAQ:MU) or 3,000 shares. Mondry Lawrence N had sold 25,000 shares worth $765,485 on Wednesday, August 16. $4.53 million worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by Thorsen Steven L. JR. On Friday, September 15 Deboer Scott J sold $1.03M worth of Micron Technology, Inc. (NASDAQ:MU) or 29,500 shares. The insider ARNZEN APRIL S sold $10,507. $3.09 million worth of stock was sold by Poppen Joel L on Friday, September 29.

Among 4 analysts covering Blucora (NASDAQ:BCOR), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Blucora had 9 analyst reports since August 22, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Wedbush on Friday, February 12. On Wednesday, July 26 the stock rating was maintained by Benchmark with “Buy”. The stock of Blucora, Inc. (NASDAQ:BCOR) earned “Buy” rating by Benchmark on Saturday, August 22. Benchmark maintained the shares of BCOR in report on Tuesday, February 16 with “Buy” rating. The company was maintained on Monday, August 24 by Benchmark. The firm has “Buy” rating by Craig Hallum given on Friday, April 29. The rating was upgraded by Barrington Research on Monday, May 2 to “Outperform”. The stock of Blucora, Inc. (NASDAQ:BCOR) earned “Outperform” rating by Barrington Research on Friday, October 28.