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.
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.
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