Traders Alert: Micron Technology, Inc. (NASDAQ:MU), Microsoft Corporation (NASDAQ:MSFT)

Ivan Hill
March 5, 2017

A number of institutional investors have recently modified their holdings of the company. There were about 7.73B shares outstanding which made its market cap $501.83B. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Microsoft during the fourth quarter valued at $161,000. FMR LLC raised its position in shares of Microsoft Corporation by 11.0% in the fourth quarter. Following the sale, the executive vice president now directly owns 243,306 shares of the company's stock, valued at $14,252,865.48. EagleClaw Capital Managment LLC raised its stake in Microsoft by 0.9% in the second quarter. The third largest holder is State Street Corp, which now holds $20.53 billion worth of this stock and that ownership represents almost 4.15% of its market capitalization. They were forecasting US$0.71 per share three months ago. Microsoft Corporation's quarterly revenue was up 1.5% on a year-over-year basis. Ardevora Asset Management LLP now owns 416,700 shares of the software giant's stock worth $21,323,000 after buying an additional 100,300 shares during the last quarter.

Microsoft Corporation (NASDAQ:MSFT) opened at 64.01 on Wednesday. The company has a market capitalization of $494.64 billion, a PE ratio of 30.12 and a beta of 1.08. The 52-Week High range of the stock is $25.31, while the 52-week low range is $9.35.

Microsoft Corporation (MSFT) closed 13.09% above its 200-day moving average and is 2.74% above another chart threshold, its 50-day moving average.

Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, January 26th. The software giant reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.05. According to these analysts, the Low Revenue Estimate for Microsoft Corporation is 23.39 Billion and the High Revenue Estimate is 24.15 Billion. It trades at an average volume of 26.03M shares versus 27.97M shares recorded at the end of last trading session.

Many analysts are providing their Estimated Earnings analysis for Microsoft Corporation and for the current quarter 31 analysts have projected that the stock could give an Average Earnings estimate of $0.7/share.

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Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 5 analysts of Thomson Reuters, 21 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating.

In other Microsoft Corporation news, Director William H. Gates III sold 2,700,000 shares of the business's stock in a transaction on Tuesday, October 25th. Morgan Stanley reissued an "overweight" rating and set a $74.00 price target (up previously from $62.00) on shares of Microsoft Corporation in a research report on Friday, December 23rd. These analysts have also projected a Low Estimate of $0.65/share and a High Estimate of $0.75/share.

Vetr downgraded shares of Microsoft Corporation (NASDAQ:MSFT) from a buy rating to a hold rating in a report released on Wednesday. The stock presently has a consensus rating of "Buy" and an average target price of $67.20.

In related news, insider G Mason Morfit sold 11,000,000 shares of the stock in a transaction on Friday, February 3rd. The most recent short interest data show 0.54% of the company's stock are short sold. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 12,000 shares of the business's stock in a transaction on Tuesday, November 8th. The disclosure for this sale can be found here. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.54, indicating analysts in general look favorably on the company's future prospects. Corporate insiders own 2.99% of the company's stock.

February 15, 2017 - KPMG International and Microsoft Corporation (MSFT) have announced the launch of joint Blockchain Nodes, which are designed to create and demonstrate use cases that apply blockchain technology to business propositions and processes.

The company's ATR (Average True Range) is 0.66. Its products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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