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Micron Technology (NYSE:MU) has been given a consensus recommendation of “Buy” by the thirty-three analysts that are covering the stock, Analyst Ratings Network reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, seventeen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $26.72.

A number of research firms have recently commented on MU. Analysts at ING Group upgraded shares of Micron Technology from a “sector perform” rating to an “outperform” rating in a research note on Monday, May 19th. Separately, analysts at RBC Capital upgraded shares of Micron Technology from a “sector perform” rating to an “outperform” rating in a research note on Monday, May 19th. They now have a $34.00 price target on the stock, up previously from $27.00. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Micron Technology in a research note on Friday, May 16th. They now have a $32.00 price target on the stock.

Micron Technology (NYSE:MU) traded up 0.69% during mid-day trading on Friday, hitting $29.24. The stock had a trading volume of 3,272,944 shares. Micron Technology has a 1-year low of $12.31 and a 1-year high of $29.48. The stock’s 50-day moving average is $26.85 and its 200-day moving average is $23.92. The company has a market cap of $31.298 billion and a price-to-earnings ratio of 11.73.

Micron Technology (NYSE:MU) last released its earnings data on Thursday, April 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the company posted ($0.28) earnings per share. The company’s revenue for the quarter was up 97.6% on a year-over-year basis. Analysts expect that Micron Technology will post $3.02 EPS for the current fiscal year.

In other Micron Technology news, CEO Dermot Mark Durcan sold 200,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $28.42, for a total value of $5,684,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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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