Micron Technology, Inc. (NASDAQ:MU) EVP Scott J. Deboer sold 30,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $42.00, for a total value of $1,260,000.00. Following the sale, the executive vice president now directly owns 122,667 shares in the company, valued at $5,152,014. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Micron Technology, Inc. (MU) traded up 0.14% during midday trading on Monday, hitting $41.56. 26,834,709 shares of the stock were exchanged. Micron Technology, Inc. has a 12-month low of $16.45 and a 12-month high of $42.19. The stock’s 50 day moving average is $37.35 and its 200 day moving average is $31.56. The firm has a market cap of $46.09 billion, a P/E ratio of 9.42 and a beta of 1.82.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, beating the 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 business had revenue of $6.14 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same period in the previous year, the business earned ($0.01) EPS. The firm’s revenue was up 90.8% on a year-over-year basis. On average, equities research analysts forecast that Micron Technology, Inc. will post $7.61 earnings per share for the current fiscal year.

WARNING: This news story was published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/23/insider-selling-micron-technology-inc-mu-evp-sells-30000-shares-of-stock.html.

A number of hedge funds have recently made changes to their positions in the stock. Fox Run Management L.L.C. lifted its holdings in Micron Technology by 283.6% during the 3rd quarter. Fox Run Management L.L.C. now owns 28,000 shares of the semiconductor manufacturer’s stock valued at $1,101,000 after purchasing an additional 20,700 shares during the last quarter. CAPROCK Group Inc. bought a new position in shares of Micron Technology in the third quarter worth about $202,000. APG Asset Management N.V. raised its stake in shares of Micron Technology by 6.3% in the third quarter. APG Asset Management N.V. now owns 925,645 shares of the semiconductor manufacturer’s stock worth $36,406,000 after acquiring an additional 55,200 shares during the last quarter. Oakbrook Investments LLC raised its stake in shares of Micron Technology by 3.7% in the third quarter. Oakbrook Investments LLC now owns 105,650 shares of the semiconductor manufacturer’s stock worth $4,155,000 after acquiring an additional 3,750 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Micron Technology by 68.6% in the third quarter. Meeder Asset Management Inc. now owns 50,694 shares of the semiconductor manufacturer’s stock worth $1,994,000 after acquiring an additional 20,627 shares during the last quarter. 79.31% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on MU shares. Macquarie reissued an “outperform” rating and set a $50.00 target price (up previously from $42.00) on shares of Micron Technology in a research note on Monday. Citigroup Inc. reissued a “buy” rating on shares of Micron Technology in a research note on Monday. UBS AG reissued a “buy” rating and set a $53.00 target price (up previously from $39.50) on shares of Micron Technology in a research note on Thursday. They noted that the move was a valuation call. Evercore ISI reissued an “outperform” rating and set a $50.00 target price on shares of Micron Technology in a research note on Friday, October 13th. Finally, Mizuho reissued an “outperform” rating and set a $45.00 target price (up previously from $40.00) on shares of Micron Technology in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $46.28.

About Micron Technology

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

Receive News & Ratings for Micron Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.