Micron Technology, Inc. (NASDAQ:MU) has been given an average recommendation of “Buy” by the thirty-four analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $33.75.

MU has been the subject of a number of research reports. Zacks Investment Research raised Micron Technology from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, February 21st. MKM Partners initiated coverage on Micron Technology in a research note on Wednesday, February 22nd. They set a “buy” rating and a $30.00 price target for the company. Rosenblatt Securities initiated coverage on Micron Technology in a research note on Wednesday, February 22nd. They set a “buy” rating and a $34.00 price target for the company. Mizuho reaffirmed a “buy” rating and set a $30.00 price target on shares of Micron Technology in a research note on Thursday, February 23rd. Finally, Citigroup Inc. increased their price target on Micron Technology from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, February 27th.

In related news, VP April S. Arnzen sold 1,000 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $28.95, for a total value of $28,950.00. Following the completion of the sale, the vice president now owns 54,542 shares in the company, valued at $1,578,990.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP April S. Arnzen sold 10,638 shares of the stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $28.95, for a total transaction of $307,970.10. Following the completion of the sale, the vice president now owns 57,792 shares of the company’s stock, valued at approximately $1,673,078.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 240,380 shares of company stock worth $6,898,194. 0.69% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Wynnefield Capital Inc. bought a new stake in Micron Technology during the first quarter valued at $13,519,000. Guardian Life Insurance Co. of America boosted its stake in Micron Technology by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock valued at $116,000 after buying an additional 13 shares during the last quarter. First Personal Financial Services boosted its stake in Micron Technology by 96.8% in the first quarter. First Personal Financial Services now owns 4,234 shares of the semiconductor manufacturer’s stock valued at $122,000 after buying an additional 2,083 shares during the last quarter. Washington Trust Bank boosted its stake in Micron Technology by 1.5% in the first quarter. Washington Trust Bank now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $126,000 after buying an additional 63 shares during the last quarter. Finally, Coconut Grove Bank boosted its stake in Micron Technology by 1,422.5% in the first quarter. Coconut Grove Bank now owns 5,405 shares of the semiconductor manufacturer’s stock valued at $156,000 after buying an additional 5,050 shares during the last quarter. Institutional investors and hedge funds own 79.75% of the company’s stock.

Micron Technology (NASDAQ:MU) opened at 31.20 on Tuesday. The stock has a market capitalization of $34.52 billion, a P/E ratio of 48.60 and a beta of 1.77. Micron Technology has a 52 week low of $11.50 and a 52 week high of $32.93. The firm has a 50 day moving average price of $29.60 and a 200 day moving average price of $25.67.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Thursday, March 23rd. The semiconductor manufacturer reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.65 billion. Micron Technology had a return on equity of 7.73% and a net margin of 4.68%. The firm’s quarterly revenue was up 58.4% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. Equities research analysts predict that Micron Technology will post $4.29 earnings per share for the current year.

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Micron Technology Company Profile

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