Micron Technology, Inc. (NASDAQ:MU) SVP April S. Arnzen sold 327 shares of Micron Technology stock in a transaction on Friday, September 1st. The stock was sold at an average price of $32.13, for a total transaction of $10,506.51. Following the transaction, the senior vice president now directly owns 50,215 shares of the company’s stock, valued at approximately $1,613,407.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Micron Technology, Inc. (NASDAQ:MU) traded down 1.083% during mid-day trading on Friday, reaching $32.435. 12,477,951 shares of the company were exchanged. The stock has a 50 day moving average of $30.11 and a 200-day moving average of $28.91. Micron Technology, Inc. has a one year low of $16.17 and a one year high of $33.02. The stock has a market capitalization of $36.00 billion, a price-to-earnings ratio of 14.245 and a beta of 1.75.

Micron Technology (NASDAQ:MU) last released its earnings results on Thursday, June 29th. The semiconductor manufacturer reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.25. Micron Technology had a net margin of 14.66% and a return on equity of 19.05%. The company had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter last year, the business earned ($0.08) EPS. The firm’s revenue was up 92.2% compared to the same quarter last year. On average, equities analysts expect that Micron Technology, Inc. will post $4.72 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guardian Life Insurance Co. of America raised its stake in Micron Technology by 0.3% during the 1st quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock worth $116,000 after acquiring an additional 13 shares during the period. Wetherby Asset Management Inc. raised its stake in Micron Technology by 1.0% during the 2nd quarter. Wetherby Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock worth $457,000 after acquiring an additional 154 shares during the period. Neuberger Berman Group LLC raised its stake in Micron Technology by 1.4% during the 1st quarter. Neuberger Berman Group LLC now owns 12,407 shares of the semiconductor manufacturer’s stock worth $359,000 after acquiring an additional 170 shares during the period. Ameritas Investment Partners Inc. raised its stake in Micron Technology by 0.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 43,675 shares of the semiconductor manufacturer’s stock worth $1,262,000 after acquiring an additional 203 shares during the period. Finally, Honkamp Krueger Financial Services Inc. raised its stake in Micron Technology by 0.4% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 52,116 shares of the semiconductor manufacturer’s stock worth $1,556,000 after acquiring an additional 221 shares during the period. Institutional investors own 79.34% of the company’s stock.

Several research firms have weighed in on MU. Robert W. Baird reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Micron Technology in a research note on Monday, June 19th. Cowen and Company lifted their price target on shares of Micron Technology from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, June 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $33.00 price target (up from $30.00) on shares of Micron Technology in a research note on Friday, June 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $36.00 price target on shares of Micron Technology in a research note on Monday, August 14th. Finally, Mizuho lifted their price target on shares of Micron Technology from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.65.

About Micron Technology

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