Micron Technology (NASDAQ:MU) Shares Up 3% – Information Today Web

Micron Technology, Inc. (NASDAQ:MU – Get Free Report)’s hit toll effort up 3% during trading on weekday . The hit traded as broad as $134.17 and terminal traded at $134.08. 8,274,893 shares denaturized safekeeping during mid-day trading, a fall of 60% from the cipher conference intensity of 20,743,539 shares. The hit had previously winking at $130.23.

Analysts Set New Price Targets

Several investigate firms hit commented on MU. Bank of USA accumulated their toll neutral on shares of Micron Technology from $144.00 to $170.00 and gave the consort a “buy” judgement in a investigate state on Monday, June 17th. author Research accumulated their toll neutral on shares of Micron Technology from $150.00 to $200.00 and gave the consort an “outperform” judgement in a investigate state on Friday, June 21st. Cantor interpreter upraised their toll direct on shares of Micron Technology from $150.00 to $180.00 and gave the hit an “overweight” judgement in a inform on Monday, June 17th. TD Cowen upraised their toll direct on shares of Micron Technology from $150.00 to $160.00 and gave the hit a “buy” judgement in a inform on Thursday, June 27th. Finally, river upraised their toll direct on shares of Micron Technology from $143.00 to $185.00 and gave the hit a “positive” judgement in a inform on Monday, June 17th. Two equities investigate analysts hit rated the hit with a stop judgement and twenty-five hit appointed a acquire judgement to the stock. According to accumulation from MarketBeat, the consort has a consensus judgement of “Moderate Buy” and a consensus direct toll of $158.72.

Get Our Latest Research Report on Micron Technology

Micron Technology Price Performance

The firm’s 50-day agitated cipher is $132.22 and its 200-day agitated cipher is $109.77. The consort has a mart estimation of $148.09 billion, a PE ratio of -94.05 and a beta of 1.18. The consort has a hurried ratio of 2.16, a underway ratio of 3.41 and a debt-to-equity ratio of 0.29.

Micron Technology (NASDAQ:MU – Get Free Report) terminal proclaimed its earnings results on Wednesday, June 26th. The conductor concern reportable $0.62 earnings per deal (EPS) for the quarter, superior the consensus judge of $0.48 by $0.14. Micron Technology had a perverse gain edge of 7.20% and a perverse convey on justness of 4.01%. The consort had income of $6.81 1000000000 during the quarter, compared to shrink estimates of $6.67 billion. During the aforementioned punctuation in the preceding year, the playing attained ($1.57) earnings per share. The firm’s quarterly income was up 81.5% compared to the aforementioned lodge terminal year. Equities analysts prognosticate that Micron Technology, Inc. module place 0.58 earnings per deal 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 presented a dividend of $0.115 per share. The ex-dividend fellow is Monday, July 8th. This represents a $0.46 annualized dividend and a consent of 0.34%. Micron Technology’s payout ratio is -32.39%.

Insider Buying and Selling at Micron Technology

In another Micron Technology news, EVP Sumit Sadana oversubscribed 13,239 shares of the company’s hit in a dealings dated Thursday, May 9th. The shares were oversubscribed at an cipher toll of $118.77, for a amount dealings of $1,572,396.03. Following the termination of the sale, the honcho evilness chair today direct owns 260,857 shares in the company, valued at $30,981,985.89. The dealings was unconcealed in a writing filed with the SEC, which is reachable finished this link. In another news, CEO Sanjay Mehrotra oversubscribed 7,000 shares of the company’s hit in a dealings dated Tuesday, Apr 16th. The shares were oversubscribed at an cipher toll of $120.70, for a amount dealings of $844,900.00. Following the termination of the transaction, the honcho chief tar today direct owns 719,049 shares of the company’s stock, valued at $86,789,214.30. The understanding was unconcealed in a jural filing with the SEC, which is reachable finished this hyperlink. Also, EVP Sumit Sadana oversubscribed 13,239 shares of the company’s hit in a dealings dated Thursday, May 9th. The shares were oversubscribed at an cipher toll of $118.77, for a amount dealings of $1,572,396.03. Following the transaction, the honcho evilness chair today direct owns 260,857 shares of the company’s stock, valued at $30,981,985.89. The revealing for this understanding crapper be institute here. Insiders oversubscribed a amount of 250,730 shares of consort hit worth $31,063,449 over the terminal threesome months. Company insiders possess 0.32% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several inclose assets and another institutionalised investors hit fresh restricted their holdings of the company. Atria Investments Inc upraised its wager in Micron Technology by 0.3% in the prototypal quarter. Atria Investments Inc today owns 27,749 shares of the conductor manufacturer’s hit worth $3,269,000 after purchase an added 93 shares in the terminal quarter. Revolve Wealth Partners LLC upraised its wager in Micron Technology by 1.5% in the prototypal quarter. Revolve Wealth Partners LLC today owns 6,582 shares of the conductor manufacturer’s hit worth $776,000 after purchase an added 98 shares in the terminal quarter. Retirement Group LLC accumulated its wager in shares of Micron Technology by 37.3% during the prototypal quarter. Retirement Group LLC today owns 368 shares of the conductor manufacturer’s hit valued at $43,000 after purchase an added 100 shares in the terminal quarter. AIA Group Ltd accumulated its wager in shares of Micron Technology by 2.1% during the prototypal quarter. AIA Group Ltd today owns 4,821 shares of the conductor manufacturer’s hit valued at $568,000 after purchase an added 101 shares in the terminal quarter. Finally, metropolis Capital Management LLC accumulated its wager in shares of Micron Technology by 5.2% during the prototypal quarter. metropolis Capital Management LLC today owns 2,119 shares of the conductor manufacturer’s hit valued at $250,000 after purchase an added 104 shares in the terminal quarter. 80.84% of the hit is owned by institutionalised investors.

Micron Technology Company Profile

(Get Free Report)

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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