Micron Technology, Inc. (NASDAQ:MU) EVP Scott J. Deboer sold 16,950 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $41.40, for a total value of $701,730.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Micron Technology, Inc. (MU) traded down 2.48% on Thursday, reaching $40.58. 66,762,904 shares of the company were exchanged. The stock has a 50 day moving average of $35.35 and a 200 day moving average of $30.96. Micron Technology, Inc. has a 12-month low of $16.17 and a 12-month high of $42.07. The firm has a market capitalization of $45.00 billion, a PE ratio of 9.20 and a beta of 1.82.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.18. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The firm had revenue of $6.14 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same period in the prior year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was up 90.8% compared to the same quarter last year. Equities analysts anticipate that Micron Technology, Inc. will post $7.55 EPS for the current year.

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A number of equities analysts recently issued reports on MU shares. UBS AG reissued an “average” rating and set a $36.00 price target (up previously from $32.00) on shares of Micron Technology in a report on Friday, June 30th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Micron Technology in a research note on Friday, June 30th. BidaskClub lowered Micron Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Mizuho reissued a “buy” rating and set a $35.00 price target on shares of Micron Technology in a research note on Friday, June 16th. Finally, Loop Capital reissued a “buy” rating and set a $40.00 price target (up previously from $35.00) on shares of Micron Technology in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.05.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Eqis Capital Management Inc. raised its position in Micron Technology by 249.5% during the third quarter. Eqis Capital Management Inc. now owns 41,606 shares of the semiconductor manufacturer’s stock worth $1,636,000 after acquiring an additional 29,702 shares in the last quarter. MPS Loria Financial Planners LLC bought a new stake in Micron Technology during the second quarter worth $142,000. Achmea Investment Management B.V. raised its position in Micron Technology by 59.0% during the second quarter. Achmea Investment Management B.V. now owns 51,145 shares of the semiconductor manufacturer’s stock worth $1,525,000 after acquiring an additional 18,973 shares in the last quarter. Navellier & Associates Inc raised its position in Micron Technology by 83.0% during the second quarter. Navellier & Associates Inc now owns 340,780 shares of the semiconductor manufacturer’s stock worth $10,176,000 after acquiring an additional 154,513 shares in the last quarter. Finally, WFG Advisors LP raised its position in Micron Technology by 25.3% during the second quarter. WFG Advisors LP now owns 11,650 shares of the semiconductor manufacturer’s stock worth $348,000 after acquiring an additional 2,350 shares in the last quarter. 79.29% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Company Profile

Insider Buying and Selling by Quarter for Micron Technology (NASDAQ:MU)

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