Micron Technology, Inc. (MU) EVP Sells $638,380.00 in Stock

Micron Technology, Inc. (NASDAQ:MU) EVP Scott J. Deboer sold 14,750 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $43.28, for a total transaction of $638,380.00. Following the completion of the transaction, the executive vice president now owns 134,854 shares in the company, valued at approximately $5,836,481.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Micron Technology, Inc. (NASDAQ:MU) traded up $0.41 during mid-day trading on Friday, reaching $40.41. The company’s stock had a trading volume of 65,143,631 shares, compared to its average volume of 42,498,988. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.39 and a quick ratio of 1.83. The company has a market capitalization of $46,300.00, a PE ratio of 6.36, a price-to-earnings-growth ratio of 0.42 and a beta of 1.62. Micron Technology, Inc. has a 12 month low of $22.64 and a 12 month high of $49.89.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.60. The company had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Micron Technology had a return on equity of 41.87% and a net margin of 32.77%. The firm’s quarterly revenue was up 71.4% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. analysts predict that Micron Technology, Inc. will post 10.12 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of MU. Arrowstreet Capital Limited Partnership lifted its stake in Micron Technology by 26,035.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,756,637 shares of the semiconductor manufacturer’s stock valued at $195,593,000 after buying an additional 4,738,437 shares during the last quarter. Greenlight Capital Inc. raised its stake in shares of Micron Technology by 89.5% during the third quarter. Greenlight Capital Inc. now owns 5,021,900 shares of the semiconductor manufacturer’s stock valued at $197,511,000 after purchasing an additional 2,371,900 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Micron Technology during the fourth quarter valued at about $61,747,000. Amundi Pioneer Asset Management Inc. raised its stake in shares of Micron Technology by 53.3% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 3,969,870 shares of the semiconductor manufacturer’s stock valued at $156,135,000 after purchasing an additional 1,379,561 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Micron Technology by 174.8% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,126,215 shares of the semiconductor manufacturer’s stock valued at $87,430,000 after purchasing an additional 1,352,435 shares in the last quarter. Institutional investors own 81.05% of the company’s stock.

MU has been the topic of several research reports. Wells Fargo & Co restated a “buy” rating and issued a $54.00 price target (up previously from $45.00) on shares of Micron Technology in a report on Wednesday, December 20th. Zacks Investment Research lowered shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 28th. BidaskClub upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Vetr upgraded shares of Micron Technology from a “hold” rating to a “buy” rating and set a $42.77 price target on the stock in a report on Wednesday, October 25th. Finally, Cowen set a $50.00 price target on shares of Micron Technology and gave the company a “buy” rating in a report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $55.80.

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Micron Technology Company Profile

Micron Technology, Inc is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.

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

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