Media stories about Micron Technology (NASDAQ:MU) have been trending positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Micron Technology earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the semiconductor manufacturer an impact score of 48.7704280002322 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news articles that may have effected Accern’s rankings:

A number of research firms have issued reports on MU. MKM Partners raised their target price on Micron Technology from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. BidaskClub downgraded Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Cowen set a $50.00 target price on Micron Technology and gave the stock a “buy” rating in a research report on Tuesday, December 5th. ValuEngine downgraded Micron Technology from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Deutsche Bank reissued a “buy” rating and issued a $55.00 target price on shares of Micron Technology in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Micron Technology currently has a consensus rating of “Buy” and a consensus target price of $48.26.

Shares of Micron Technology (NASDAQ:MU) traded up $1.31 during mid-day trading on Tuesday, reaching $43.71. The company’s stock had a trading volume of 35,075,400 shares, compared to its average volume of 30,083,689. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.75 and a current ratio of 2.34. Micron Technology has a 52-week low of $20.19 and a 52-week high of $49.89. The company has a market capitalization of $50,900.00, a price-to-earnings ratio of 9.55, a P/E/G ratio of 0.57 and a beta of 1.75.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.60. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue was up 71.4% compared to the same quarter last year. equities analysts expect that Micron Technology will post 7.42 earnings per share for the current fiscal year.

In other news, insider Joel L. Poppen sold 80,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $38.61, for a total value of $3,088,800.00. Following the completion of the sale, the insider now owns 266,966 shares of the company’s stock, valued at approximately $10,307,557.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Scott J. Deboer sold 13,694 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.00, for a total value 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 approximately $5,849,188. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 268,588 shares of company stock valued at $10,480,038. Corporate insiders own 0.53% of the company’s stock.

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About Micron Technology

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