Micron Technology, Inc. (NASDAQ:MU)‘s stock had its “hold” rating reissued by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday.

Other research analysts also recently issued reports about the stock. Robert W. Baird restated an “outperform” rating and set a $40.00 price objective on shares of Micron Technology in a research report on Monday, June 19th. Cowen and Company boosted their price objective on shares of Micron Technology from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, June 26th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $33.00 price objective (up from $30.00) on shares of Micron Technology in a research report on Friday, June 30th. Mizuho boosted their price objective on shares of Micron Technology from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, Citigroup Inc. restated a “buy” rating and set a $45.00 price objective on shares of Micron Technology in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $35.65.

Shares of Micron Technology (MU) traded up 4.70% during midday trading on Thursday, hitting $31.21. The stock had a trading volume of 8,106,851 shares. The stock has a market capitalization of $34.64 billion, a price-to-earnings ratio of 13.71 and a beta of 1.78. Micron Technology has a 52 week low of $13.02 and a 52 week high of $32.96. The stock has a 50 day moving average price of $31.21 and a 200-day moving average price of $27.51.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Thursday, June 29th. The semiconductor manufacturer reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.25. Micron Technology had a return on equity of 19.05% and a net margin of 14.66%. The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The business’s revenue was up 92.2% on a year-over-year basis. Equities research analysts anticipate that Micron Technology will post $4.71 earnings per share for the current year.

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In other news, SVP Brian Shirley sold 27,250 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $31.54, for a total transaction of $859,465.00. Following the completion of the sale, the senior vice president now owns 292,211 shares in the company, valued at approximately $9,216,334.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mercedes Johnson sold 27,242 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $27.66, for a total transaction of $753,513.72. Following the sale, the director now owns 54,533 shares of the company’s stock, valued at approximately $1,508,382.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,492 shares of company stock valued at $2,109,749. Company insiders own 0.69% of the company’s stock.

Several large investors have recently modified their holdings of MU. Vanguard Group Inc. raised its position in Micron Technology by 4.9% in the first quarter. Vanguard Group Inc. now owns 86,141,622 shares of the semiconductor manufacturer’s stock valued at $2,489,492,000 after buying an additional 4,004,759 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Micron Technology by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 14,005,627 shares of the semiconductor manufacturer’s stock valued at $404,753,000 after buying an additional 117,152 shares in the last quarter. Geode Capital Management LLC raised its position in Micron Technology by 11.4% in the first quarter. Geode Capital Management LLC now owns 11,008,178 shares of the semiconductor manufacturer’s stock valued at $317,719,000 after buying an additional 1,128,565 shares in the last quarter. AQR Capital Management LLC raised its position in Micron Technology by 64.4% in the first quarter. AQR Capital Management LLC now owns 5,823,890 shares of the semiconductor manufacturer’s stock valued at $168,310,000 after buying an additional 2,281,331 shares in the last quarter. Finally, Janus Capital Management LLC raised its position in Micron Technology by 232.4% in the first quarter. Janus Capital Management LLC now owns 5,573,883 shares of the semiconductor manufacturer’s stock valued at $161,085,000 after buying an additional 3,896,978 shares in the last quarter. Institutional investors own 80.11% of the company’s stock.

Micron Technology Company Profile

Analyst Recommendations for Micron Technology (NASDAQ:MU)

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