Media headlines about Micron Technology (NASDAQ:MU) have been trending somewhat positive on Monday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Micron Technology earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news stories about the semiconductor manufacturer an impact score of 45.5580965014588 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Micron Technology (NASDAQ:MU) traded down $0.25 during trading on Monday, hitting $45.55. 32,135,739 shares of the stock traded hands, compared to its average volume of 42,438,438. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.83 and a current ratio of 2.39. The stock has a market cap of $52,670.00, a PE ratio of 7.17, a P/E/G ratio of 0.47 and a beta of 1.75. Micron Technology has a 12-month low of $21.49 and a 12-month high of $49.89.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.60. The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. The business’s quarterly revenue was up 71.4% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS. equities research analysts forecast that Micron Technology will post 9.78 EPS for the current year.

Several research analysts have commented on the stock. Vetr downgraded shares of Micron Technology from a “buy” rating to a “hold” rating and set a $47.81 price target for the company. in a report on Friday, November 17th. BidaskClub downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Deutsche Bank reissued a “buy” rating and issued a $42.00 price target (up from $37.00) on shares of Micron Technology in a report on Wednesday, September 20th. Needham & Company LLC reissued a “buy” rating on shares of Micron Technology in a report on Wednesday, September 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Micron Technology from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.33.

In related news, SVP Steven L. Thorsen, Jr. sold 60,921 shares of Micron Technology stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $42.40, for a total value of $2,583,050.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $44.55, for a total transaction of $133,650.00. Following the completion of the transaction, the director now owns 117,299 shares in the company, valued at approximately $5,225,670.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 205,670 shares of company stock worth $8,747,970. Corporate insiders own 0.53% of the company’s stock.

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