Micron Technology, Inc. (NASDAQ:MU) Director Robert L. Bailey sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $44.55, for a total transaction of $133,650.00. Following the sale, the director now directly owns 117,299 shares of the company’s stock, valued at approximately $5,225,670.45. The sale was disclosed in a filing with the SEC, which is available at this link.

Micron Technology, Inc. (MU) traded up $0.03 during trading on Friday, reaching $44.34. 25,556,690 shares of the company were exchanged, compared to its average volume of 37,837,848. The stock has a market cap of $51.14 billion, a PE ratio of 9.99 and a beta of 1.78.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.97 billion. During the same period in the previous year, the firm earned ($0.01) earnings per share. Micron Technology’s revenue was up 90.8% compared to the same quarter last year. equities research analysts expect that Micron Technology, Inc. will post 7.29 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Eidelman Virant Capital grew its holdings in Micron Technology by 22.0% in the second quarter. Eidelman Virant Capital now owns 127,400 shares of the semiconductor manufacturer’s stock valued at $3,804,000 after purchasing an additional 23,000 shares during the period. Schroder Investment Management Group grew its holdings in Micron Technology by 16.3% in the second quarter. Schroder Investment Management Group now owns 1,652,878 shares of the semiconductor manufacturer’s stock valued at $52,016,000 after purchasing an additional 232,083 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Micron Technology by 8.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,928 shares of the semiconductor manufacturer’s stock valued at $1,342,000 after purchasing an additional 3,317 shares during the period. Quantitative Systematic Strategies LLC grew its holdings in Micron Technology by 0.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 67,006 shares of the semiconductor manufacturer’s stock valued at $2,106,000 after purchasing an additional 475 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Micron Technology by 4.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,627,678 shares of the semiconductor manufacturer’s stock valued at $108,322,000 after purchasing an additional 140,996 shares during the period. Hedge funds and other institutional investors own 77.14% of the company’s stock.

Several analysts recently issued reports on MU shares. Citigroup Inc. reaffirmed a “buy” rating and set a $45.00 price objective on shares of Micron Technology in a research note on Wednesday, August 2nd. BidaskClub raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Vetr upgraded shares of Micron Technology from a “hold” rating to a “buy” rating and set a $42.77 target price on the stock in a report on Wednesday, October 25th. Loop Capital reiterated a “buy” rating and issued a $48.00 target price (up from $46.00) on shares of Micron Technology in a report on Wednesday, September 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $75.00 target price on shares of Micron Technology in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $46.57.

Micron Technology Company Profile

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

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