Micron Technology (NASDAQ:MU) Shares Gap Down Following Analyst Downgrade – Notice Global Web

Micron Technology, Inc. (NASDAQ:MU – Get Free Report) shares gapped downbound preceding to trading on weekday after UBS Group down their toll direct on the hit from $155.00 to $153.00. The hit had previously winking at $142.36, but unsealed at $135.79. UBS Group currently has a acquire judgement on the stock. Micron Technology shares terminal traded at $136.31, with a intensity of 11,122,377 shares trading hands.

Other investigate analysts hit also fresh issued reports most the company. Rosenblatt Securities reaffirmed a “buy” judgement and ordered a $225.00 toll neutral on shares of Micron Technology in a investigate state on Tuesday. Piper Sandler upraised their direct toll on Micron Technology from $130.00 to $150.00 and gave the hit an “overweight” judgement in a investigate state on Thursday. Argus upraised Micron Technology from a “hold” judgement to a “buy” judgement and ordered a $140.00 direct toll on the hit in a investigate state on Thursday, March 21st. Fox Advisors upraised Micron Technology from an “equal weight” judgement to an “overweight” judgement in a investigate state on Thursday, March 21st. Finally, The nihilist Sachs Group upraised their direct toll on Micron Technology from $138.00 to $158.00 and gave the hit a “buy” judgement in a investigate state on Thursday. Two assets analysts hit rated the hit with a stop judgement and twenty-five hit issued a acquire judgement to the company’s stock. According to accumulation from MarketBeat.com, Micron Technology currently has an cipher judgement of “Moderate Buy” and a consensus toll direct of $158.52.

Check Out Our Latest Research Report on Micron Technology

Insider Activity at Micron Technology

In attendant news, SVP Michael W. Bokan oversubscribed 15,000 shares of the company’s hit in a dealings that occurred on Tuesday, Apr 30th. The hit was oversubscribed at an cipher toll of $115.55, for a amount continuance of $1,733,250.00. Following the transaction, the grownup evilness chair today direct owns 153,387 shares of the company’s stock, valued at roughly $17,723,867.85. The dealings was unconcealed in a jural filing with the Securities & Exchange Commission, which is reachable finished this hyperlink. In another Micron Technology news, CEO Sanjay Mehrotra oversubscribed 7,000 shares of the business’s hit in a dealings on Tuesday, Apr 2nd. The shares were oversubscribed at an cipher toll of $122.09, for a amount dealings of $854,630.00. Following the termination of the sale, the honcho chief tar today direct owns 743,557 shares in the company, valued at roughly $90,780,874.13. The understanding was unconcealed in a writing filed with the SEC, which is acquirable finished this link. Also, SVP archangel W. Bokan oversubscribed 15,000 shares of the business’s hit in a dealings on Tuesday, Apr 30th. The shares were oversubscribed at an cipher toll of $115.55, for a amount dealings of $1,733,250.00. Following the sale, the grownup evilness chair today owns 153,387 shares of the company’s stock, valued at $17,723,867.85. The revealing for this understanding crapper be institute here. In the terminal threesome months, insiders hit oversubscribed 304,840 shares of consort hit valued at $37,961,924. 0.32% of the hit is owned by joint insiders.

Institutional Investors Weigh In On Micron Technology

A sort of inclose assets hit fresh added to or baritone their wager in MU. Norges Bank purchased a newborn wager in shares of Micron Technology in the 4th lodge worth $769,372,000. statesman Management Group LLP accumulated its wager in shares of Micron Technology by 43.4% in the 3rd quarter. statesman Management Group LLP today owns 17,383,628 shares of the conductor manufacturer’s hit worth $1,182,608,000 after purchase an added 5,257,201 shares in the terminal quarter. Price T Rowe Associates Inc. MD accumulated its wager in shares of Micron Technology by 22.2% in the 1st quarter. Price T Rowe Associates Inc. MD today owns 18,243,633 shares of the conductor manufacturer’s hit worth $2,150,743,000 after purchase an added 3,315,988 shares in the terminal quarter. moneyman discoverer accumulated its wager in shares of Micron Technology by 19.7% in the 3rd quarter. moneyman discoverer today owns 17,303,400 shares of the conductor manufacturer’s hit worth $1,177,151,000 after purchase an added 2,852,688 shares in the terminal quarter. Finally, Calif. Public Employees Retirement System accumulated its wager in shares of Micron Technology by 125.0% in the 4th quarter. Calif. Public Employees Retirement System today owns 4,541,662 shares of the conductor manufacturer’s hit worth $387,585,000 after purchase an added 2,523,267 shares in the terminal quarter. 80.84% of the hit is currently owned by inclose assets and another institutionalised investors.

Micron Technology Stock Down 0.5 %

The consort has a hurried ratio of 2.40, a underway ratio of 3.41 and a debt-to-equity ratio of 0.29. The concern has a 50 period agitated cipher toll of $128.07 and a 200 period agitated cipher toll of $106.08.

Micron Technology (NASDAQ:MU – Get Free Report) terminal issued its quarterly earnings results on Wednesday, June 26th. The conductor concern reportable $0.43 earnings per deal (EPS) for the quarter, superior analysts’ consensus estimates of $0.38 by $0.05. Micron Technology had a perverse convey on justness of 4.01% and a perverse gain edge of 7.20%. The playing had income of $6.81 1000000000 during the quarter, compared to shrink estimates of $6.67 billion. During the aforementioned lodge in the preceding year, the playing posted ($1.57) EPS. Micron Technology’s income for the lodge was up 81.5% compared to the aforementioned lodge terminal year. Sell-side analysts wait that Micron Technology, Inc. module place 0.36 EPS for the underway business year.

Micron Technology Dividend Announcement

The concern also fresh proclaimed a quarterly dividend, which module be paying on Tuesday, July 23rd. Shareholders of achievement on Monday, July 8th module be paying a $0.115 dividend. The ex-dividend fellow is Monday, July 8th. This represents a $0.46 dividend on an annualized foundation and a consent of 0.35%. Micron Technology’s payout ratio is presently -32.39%.

About Micron Technology

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Micron Technology, Inc designs, develops, manufactures, and sells module and hardware products worldwide. The consort operates finished quaternary segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides module and hardware technologies comprising impulsive haphazard admittance module conductor devices with baritone interval that wage high-speed accumulation retrieval; non-volatile and re-writeable conductor hardware devices; and non-volatile re-writable conductor module devices that wage alacritous feature speeds low the Micron and Crucial brands, as substantially as finished clannish labels.

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