During Tuesday’s trade, Shares of Micron Technology, Inc. (NASDAQ:MU), gained 2.70% to $16.36.
Micron Technology has a 52 week low of 18.00%, a 52 week high of -56.46%, and a simple moving average of -2.94% over the last 50 days.
The stock has shed nearly 50% of its stock value in the last one year. Both weak macro environment and currency headwinds can be held responsible for the company’s gloomy performance during this period. However, supply glut and weak prices in DRAM market have a major role play in Micron’s sluggish growth round the year.
40 North Administration Llc reduced its stake in Micron Technology Inc (NASDAQ:MU) by 89.21% based on its latest Q3 2015 regulatory filing with the SEC. 40 North Administration Llc sold 3.31 million shares as the company’s stock declined 20.23% with the market.
Presently the company Insiders own 0.87% of Micron Technology, Inc. shares according to the proxy statements. Institutional Investors own 81.33% of Micron Technology, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 0.73%.
Micron Technology, Inc. provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit.
Shares of The Chubb Corporation (NYSE:CB), inclined 0.25% to $130.86, during its current trading session.
The Chubb Corporation - Nearly two-thirds (61%) of clean tech companies practiced a supply chain disruption in the past three years, and in the vast majority of cases (84%) the event had a material impact on the bottom line, according to the 2015 Global Cleantech Risk Survey.
Seventy-five percent of the firms that source products from China had a supply chain disruption.
Conducted by the Chubb Group of Insurance Companies and Cleantech Group, the online survey of 300 clean tech executives worldwide also found that supply chain disruptions resulted in delayed deliveries (69%), erosion of profit margins (28%), brand/reputation damage (27%) and reduced revenue (26%).
“As our survey confirmed, clean tech companies continue to innovate and expand their global footprint to grow sales, reduce expenses and achieve other benefits – but sometimes without fully appreciating the potential risks,” said Sheeraz Haji, chief executive officer, Cleantech Group.
The Chubb Corporation, through its auxiliaries, provides property and casualty insurance to businesses and individuals. It offers personal insurance products for homes, valuable articles, homeowners, automobiles, and yachts; and personal liability, and personal accident and supplemental health insurance products.
Finally, Infoblox Inc. (NYSE:BLOX), surged 21.61%, and is now trading at $18.29.
Infoblox, stated its financial results for its first fiscal quarter October 31, 2015. Total net revenue for the first quarter of fiscal 2016 was a record $94.0 million, an improvement of 40.9% on a year-over-year basis.
On a GAAP basis, the Company stated a net loss of $1.5 million, or $0.03 net loss per fully diluted share, for the first quarter of fiscal 2016, contrast with a net loss of $10.2 million, or $0.18 net loss per fully diluted share, for the first quarter of fiscal 2015.
The Company stated non-GAAP net income of $7.8 million, or $0.13 diluted net income per share on a non-GAAP weighted-average share basis, for the first quarter of fiscal 2016, contrast with non-GAAP net income of $3.0 million, or $0.05 diluted net income per share on a non-GAAP weighted-average share basis, for the first quarter of fiscal 2015.
Infoblox Inc., together with its auxiliaries, designs, develops, manufactures, and sells network control solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Trinzic DDI, an appliance designed to ensure the continuous secure operation of network services; Network Insight, a tool that delivers automated discovery, and switch port inventory and control; and IPAM for Microsoft, a Web-based administration interface for the centralized administration of Microsoft domain name system (DNS), dynamic host configuration protocol (DHCP), and multiple IP address pools.