Micron Technology (NASDAQ:MU) had its price target boosted by Cowen from $50.00 to $53.00 in a report issued on Wednesday. They currently have an outperform rating on the semiconductor manufacturer’s stock.

Several other brokerages also recently commented on MU. Zacks Investment Research downgraded shares of Micron Technology from a strong-buy rating to a hold rating in a research report on Tuesday, November 28th. BidaskClub upgraded shares of Micron Technology from a buy rating to a strong-buy rating in a research report on Tuesday, September 12th. Vetr upgraded shares of Micron Technology from a hold rating to a buy rating and set a $42.77 price objective for the company in a research report on Wednesday, October 25th. J P Morgan Chase & Co boosted their price objective on shares of Micron Technology to $60.00 and gave the company an overweight rating in a research report on Wednesday. Finally, Loop Capital restated a buy rating and set a $48.00 price objective (up from $46.00) on shares of Micron Technology in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. Micron Technology has an average rating of Buy and a consensus price target of $52.62.

Micron Technology (NASDAQ:MU) traded down $0.94 during midday trading on Wednesday, hitting $44.81. 28,264,011 shares of the stock were exchanged, compared to its average volume of 30,390,695. Micron Technology has a 52 week low of $20.34 and a 52 week high of $49.89. The firm has a market capitalization of $50,897.13, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 0.59 and a beta of 1.75. The company has a current ratio of 2.34, a quick ratio of 1.75 and a debt-to-equity ratio of 0.51.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 EPS for the quarter, beating the consensus estimate of $1.85 by $0.60. Micron Technology had a net margin of 32.77% and a return on equity of 45.63%. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the previous year, the business earned $0.32 earnings per share. The company’s revenue was up 71.4% on a year-over-year basis. research analysts predict that Micron Technology will post 7.42 earnings per share for the current year.

In related news, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $39.86, for a total value of $119,580.00. Following the sale, the director now owns 114,284 shares of the company’s stock, valued at $4,555,360.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Scott J. Deboer sold 13,694 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was 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 in the company, valued at approximately $5,849,188. The disclosure for this sale can be found here. In the last three months, insiders sold 268,588 shares of company stock worth $10,480,038. 0.53% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MU. SevenBridge Financial Group LLC boosted its position in 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 acquiring an additional 1,190 shares during the last quarter. Captrust Financial Advisors bought a new stake in Micron Technology during the second quarter valued at $107,000. Salem Investment Counselors Inc. boosted its position in Micron Technology by 76.0% during the third quarter. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer’s stock valued at $115,000 after acquiring an additional 1,252 shares during the last quarter. Jacobi Capital Management LLC boosted its position in Micron Technology by 368.8% during the third quarter. Jacobi Capital Management LLC now owns 3,305 shares of the semiconductor manufacturer’s stock valued at $135,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Krilogy Financial LLC boosted its position in Micron Technology by 1,087.5% during the second quarter. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer’s stock valued at $142,000 after acquiring an additional 4,350 shares during the last quarter. 80.82% of the stock is currently owned by institutional investors and hedge funds.

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Micron Technology Company Profile

Analyst Recommendations for Micron Technology (NASDAQ:MU)

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