London hedge funds are bullish on Micron Technology to increase its stake by nearly 30%.

Recent movements by London-based hedge fund Rokos Capital Management LLP show that they are confident in semiconductor maker Micron Technology, increasing their stake in the company by about 25.2%。During the third quarter, the fund increased its holdings of Micron Technology by 269,630 shares, bringing its total holdings to 1,339,083 shares, according to filings with the Securities and Exchange Commission (SEC).。Micron Technologies currently accounts for approximately 0% of Rokos Capital Management LLP's portfolio..7%, its 12th largest shareholding。As of the end of the reporting period, the Fund's holdings of Micron Technology were valued at approximately $91,419,000, or approximately zero percent..12%。

Several analysts have upgraded Micron's stock rating, and the stock price continues to rise

In addition to London hedge funds, many other institutional investors and hedge funds are also optimistic about Micron's future performance and have recently increased their holdings of the company's shares.。Huntington National Bank, for example, increased its holdings by about 6 percent in the third quarter..0% of Micron Technology shares, with the number of shares increased to 2,652, with a value of $180,000.。Similarly, Homestead Advisers Corp, Mount Yale Investment Advisors LLC, KB Financial Partners LLC and Adell Harriman & Carpenter Inc.And other institutions also increased their holdings of Micron Technology's shares.。

In terms of analysts, Deutsche Bank, Wells Fargo, Mizuho, Barclays and Citigroup and other institutions have recently released a research report on Micron Technology, and its target price will be raised to give a "buy" or "overweight" rating.。

Insider Transactions

Recent deals by Micron Tech insiders also come under the spotlight。CEO Sanjay Mehrotra sells 7,000 shares of company stock in one deal, while executive vice president Scott J.Deboer sold 28,228 shares of the company in a separate deal.。These transactions have been publicly disclosed, adding transparency to the trading of shares by company insiders.。

Share price performance and earnings data

Micron's recent performance shows some volatility。The stock fell 1 during Tuesday's trading session..30 dollars to close at 94.47美元。Analysis of the data shows that the company's market value of 1042.$900 million, P / E ratio of -14.96, the beta coefficient is 1.24。At the same time, the company's current ratio is 3..53 with a quick ratio of 2.14, the debt-to-equity ratio is 0.29。In addition, according to the most recent earnings data, Micron achieved revenue growth, earnings per share exceeded expectations, but return on equity remained negative。

About Micron Technology

Micron Technology is a global memory and storage product design, development, manufacturing and sales company.。Its business segments include compute and networking, mobile, embedded, and storage。The company provides storage technology products including dynamic random access memory (DRAM) semiconductor devices, non-volatile rewritable storage devices, and more.。As the market demand for semiconductors grows, Micron Technology maintains a stable position in the industry and meets customer needs through continuous improvement of product quality and service levels.。