Micron Technology, Inc. (NASDAQ:MU) Director Robert L. Bailey sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $42.73, for a total value of $128,190.00. Following the completion of the sale, the director now owns 113,585 shares in the company, valued at approximately $4,853,487.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Micron Technology, Inc. (NASDAQ MU) traded down $0.47 during mid-day trading on Friday, reaching $46.42. The company’s stock had a trading volume of 29,417,334 shares, compared to its average volume of 44,209,234. The firm has a market cap of $53,580.00, a P/E ratio of 7.31, a P/E/G ratio of 0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.39 and a quick ratio of 1.83. Micron Technology, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $49.89.
Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.60. Micron Technology had a return on equity of 41.87% and a net margin of 32.77%. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the previous year, the business earned $0.32 EPS. The company’s revenue was up 71.4% compared to the same quarter last year. equities research analysts expect that Micron Technology, Inc. will post 9.78 earnings per share for the current year.
A number of brokerages have recently weighed in on MU. Zacks Investment Research lowered Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Morgan Stanley raised their price objective on Micron Technology from $39.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, November 27th. Robert W. Baird restated an “outperform” rating and set a $60.00 price objective (up previously from $52.00) on shares of Micron Technology in a research note on Tuesday, November 28th. Vetr raised Micron Technology from a “hold” rating to a “buy” rating and set a $50.20 target price on the stock in a report on Tuesday, November 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price (up previously from $75.00) on shares of Micron Technology in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.33.
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