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Micron Technology (NYSE:MU) Director Lawrence N. Mondry unloaded 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $23.22, for a total value of $232,200.00. Following the sale, the director now directly owns 210,834 shares of the company’s stock, valued at approximately $4,895,565. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

MU has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Micron Technology in a research note to investors on Monday. Finally, analysts at JMP Securities upgraded shares of Micron Technology from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, January 16th. They now have a $31.00 price target on the stock. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Micron Technology presently has an average rating of “Hold” and an average price target of $23.31.

Micron Technology (NYSE:MU) traded up 3.43% on Thursday, hitting $24.11. The stock had a trading volume of 65,353,680 shares. Micron Technology has a one year low of $7.64 and a one year high of $24.77. The stock has a 50-day moving average of $22.63 and a 200-day moving average of $18.38. The company has a market cap of $25.578 billion and a P/E ratio of 14.07. Micron Technology also was the target of unusually large options trading on Thursday. Stock traders acquired 77,026 put options on the company. This represents an increase of 111% compared to the typical volume of 36,455 put options.

Micron Technology (NYSE:MU) last issued its quarterly earnings data on Tuesday, January 7th. The company reported $0.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.14. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company posted ($0.27) earnings per share. Micron Technology’s revenue was up 120.4% compared to the same quarter last year. Analysts expect that Micron Technology will post $2.14 EPS for the current fiscal year.

Micron Technology, Inc, is a global manufacturer and marketer of semiconductor devices, principally NAND Flash, DRAM and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products.

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