Micron Technology (NASDAQ:MU) had its target price boosted by stock analysts at MKM Partners from $52.00 to $54.00 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. MKM Partners’ target price would suggest a potential upside of 27.09% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. BidaskClub cut shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday. Cowen set a $50.00 price objective on shares of Micron Technology and gave the company a “buy” rating in a research report on Tuesday, December 5th. ValuEngine cut shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Deutsche Bank restated a “buy” rating and issued a $55.00 price target on shares of Micron Technology in a report on Thursday, November 30th. Finally, Vetr upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating and set a $52.11 price target on the stock in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $48.26.

Micron Technology (MU) traded up $0.44 during mid-day trading on Thursday, reaching $42.49. 11,623,603 shares of the company’s stock were exchanged, compared to its average volume of 29,966,533. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.34 and a quick ratio of 1.75. Micron Technology has a fifty-two week low of $19.78 and a fifty-two week high of $49.89. The company has a market capitalization of $48,443.70, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $5.97 billion. During the same quarter in the previous year, the business posted ($0.01) earnings per share. The business’s revenue was up 90.8% compared to the same quarter last year. equities research analysts forecast that Micron Technology will post 7.42 earnings per share for the current fiscal year.

In other Micron Technology news, EVP Scott J. Deboer sold 13,694 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.00, for a total transaction of $520,372.00. Following the completion of the sale, the executive vice president now directly owns 153,926 shares of the company’s stock, valued at $5,849,188. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott J. Deboer sold 29,500 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $35.00, for a total transaction of $1,032,500.00. Following the sale, the executive vice president now directly owns 169,732 shares of the company’s stock, valued at $5,940,620. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 298,088 shares of company stock worth $11,512,538. 0.53% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in MU. SevenBridge Financial Group LLC lifted its position in shares of Micron Technology by 87.5% during the third quarter. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer’s stock valued at $100,000 after buying an additional 1,190 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Micron Technology in the 2nd quarter valued at approximately $107,000. Salem Investment Counselors Inc. raised its position in shares of Micron Technology by 76.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer’s stock valued at $115,000 after purchasing an additional 1,252 shares during the last quarter. Jacobi Capital Management LLC raised its position in shares of Micron Technology by 368.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 3,305 shares of the semiconductor manufacturer’s stock valued at $135,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Krilogy Financial LLC raised its position in shares of Micron Technology by 1,087.5% in the 2nd quarter. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer’s stock valued at $142,000 after purchasing an additional 4,350 shares during the last quarter. 81.16% of the stock is owned by institutional investors and hedge funds.

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