Investors purchased shares of Micron Technology, Inc. (NASDAQ:MU) on weakness during trading hours on Monday. $319.10 million flowed into the stock on the tick-up and $239.07 million flowed out of the stock on the tick-down, for a money net flow of $80.03 million into the stock. Of all equities tracked, Micron Technology had the 8th highest net in-flow for the day. Micron Technology traded down ($0.20) for the day and closed at $43.01

A number of research analysts have issued reports on the stock. Mizuho reaffirmed a “buy” rating and issued a $38.00 target price on shares of Micron Technology in a report on Wednesday, August 16th. BidaskClub raised shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Robert W. Baird reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Micron Technology in a report on Wednesday, August 23rd. Citigroup set a $45.00 target price on shares of Micron Technology and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Micron Technology in a report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. Micron Technology has an average rating of “Buy” and a consensus target price of $48.20.

The company has a market capitalization of $49,774.57, a PE ratio of 9.69, a PEG ratio of 0.58 and a beta of 1.75. The company has a quick ratio of 1.75, a current ratio of 2.34 and a debt-to-equity ratio of 0.51.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.18. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The firm had revenue of $6.14 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same quarter last year, the business earned ($0.01) earnings per share. Micron Technology’s revenue was up 90.8% compared to the same quarter last year. equities research analysts expect that Micron Technology, Inc. will post 7.42 earnings per share for the current year.

In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction on Friday, December 1st. The shares were sold at an average price of $41.38, for a total value of $124,140.00. Following the transaction, the director now owns 116,699 shares in the company, valued at approximately $4,829,004.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Scott J. Deboer sold 29,500 shares of Micron Technology stock in a transaction on Friday, September 15th. The shares were sold at an average price of $35.00, for a total transaction of $1,032,500.00. Following the completion of the transaction, the executive vice president now owns 169,732 shares in the company, valued at approximately $5,940,620. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 298,088 shares of company stock worth $11,512,538. 0.53% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in Micron Technology by 1.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,473,699 shares of the semiconductor manufacturer’s stock worth $103,725,000 after buying an additional 54,056 shares during the period. Wedbush Securities Inc. increased its stake in Micron Technology by 18.4% during the 2nd quarter. Wedbush Securities Inc. now owns 15,021 shares of the semiconductor manufacturer’s stock worth $449,000 after buying an additional 2,330 shares during the period. Dupont Capital Management Corp increased its stake in Micron Technology by 10.8% during the 2nd quarter. Dupont Capital Management Corp now owns 82,231 shares of the semiconductor manufacturer’s stock worth $2,455,000 after buying an additional 8,031 shares during the period. LMR Partners LLP increased its stake in Micron Technology by 87.9% during the 2nd quarter. LMR Partners LLP now owns 25,877 shares of the semiconductor manufacturer’s stock worth $773,000 after buying an additional 12,106 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in Micron Technology by 21.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 1,276,418 shares of the semiconductor manufacturer’s stock worth $38,114,000 after buying an additional 221,781 shares during the period. 81.16% of the stock is currently owned by institutional investors and hedge funds.

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