Micron Technology, Inc. (NASDAQ:MU) SVP Steven L. Thorsen, Jr. sold 118,944 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $38.10, for a total value of $4,531,766.40. Following the sale, the senior vice president now directly owns 289,940 shares in the company, valued at approximately $11,046,714. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Micron Technology, Inc. (MU) opened at 40.37 on Wednesday. The firm has a market capitalization of $44.81 billion, a PE ratio of 17.73 and a beta of 1.82. The firm’s 50 day moving average is $33.55 and its 200-day moving average is $30.38. Micron Technology, Inc. has a one year low of $16.17 and a one year high of $40.54.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.18. The business had revenue of $6.14 billion during the quarter, compared to analyst estimates of $5.97 billion. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. Micron Technology’s revenue was up 90.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) earnings per share. On average, equities research analysts predict that Micron Technology, Inc. will post $7.55 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the business. Janus Capital Management LLC raised its stake in shares of Micron Technology by 232.4% in the 1st quarter. Janus Capital Management LLC now owns 5,573,883 shares of the semiconductor manufacturer’s stock valued at $161,085,000 after buying an additional 3,896,978 shares in the last quarter. Eidelman Virant Capital increased its stake in Micron Technology by 22.0% in the second quarter. Eidelman Virant Capital now owns 127,400 shares of the semiconductor manufacturer’s stock valued at $3,804,000 after acquiring an additional 23,000 shares during the period. Schroder Investment Management Group increased its stake in Micron Technology by 16.3% in the second quarter. Schroder Investment Management Group now owns 1,652,878 shares of the semiconductor manufacturer’s stock valued at $52,016,000 after acquiring an additional 232,083 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Micron Technology by 8.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,928 shares of the semiconductor manufacturer’s stock valued at $1,342,000 after acquiring an additional 3,317 shares during the period. Finally, Quantitative Systematic Strategies LLC increased its stake in Micron Technology by 0.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 67,006 shares of the semiconductor manufacturer’s stock valued at $2,106,000 after acquiring an additional 475 shares during the period. 79.32% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on MU. UBS AG restated an “average” rating and set a $36.00 target price (up from $32.00) on shares of Micron Technology in a report on Friday, June 30th. Needham & Company LLC reaffirmed a “buy” rating on shares of Micron Technology in a report on Thursday, June 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $47.00 price target on shares of Micron Technology in a report on Tuesday, June 6th. BidaskClub downgraded shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Mizuho reiterated a “buy” rating and issued a $35.00 price target on shares of Micron Technology in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Micron Technology presently has an average rating of “Buy” and a consensus price target of $43.08.

Micron Technology Company Profile

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

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