Micron Technology, Inc. (NASDAQ:MU) Director Robert L. Bailey sold 3,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Micron Technology, Inc. (NASDAQ MU) opened at $45.80 on Friday. Micron Technology, Inc. has a 12 month low of $21.49 and a 12 month high of $49.89. The stock has a market capitalization of $54,208.05, a PE ratio of 7.14, a PEG ratio of 0.48 and a beta of 1.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.83 and a current ratio of 2.39.
Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $6.43 billion. During the same period last year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was up 71.4% compared to the same quarter last year. sell-side analysts anticipate that Micron Technology, Inc. will post 9.78 EPS for the current fiscal year.
A number of brokerages recently issued reports on MU. Susquehanna Bancshares increased their price objective on Micron Technology from $40.00 to $50.00 and gave the stock a “positive” rating in a research report on Tuesday, September 19th. Goldman Sachs Group upgraded Micron Technology from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $40.00 in a research report on Tuesday, September 12th. UBS Group reiterated a “buy” rating and issued a $53.00 price objective (up previously from $39.50) on shares of Micron Technology in a research report on Thursday, October 19th. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price objective (up previously from $65.00) on shares of Micron Technology in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Finally, Loop Capital reiterated a “buy” rating and issued a $46.00 price objective (up previously from $40.00) on shares of Micron Technology in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $55.33.
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