Investors bought shares of Micron Technology, Inc. (NASDAQ:MU) on weakness during trading hours on Wednesday. $221.27 million flowed into the stock on the tick-up and $181.47 million flowed out of the stock on the tick-down, for a money net flow of $39.80 million into the stock. Of all companies tracked, Micron Technology had the 15th highest net in-flow for the day. Micron Technology traded down ($0.44) for the day and closed at $45.36

Several research firms have recently commented on MU. Vetr lowered shares of Micron Technology from a “buy” rating to a “hold” rating and set a $47.81 price target on the stock. in a research report on Friday. Mizuho reiterated a “buy” rating and issued a $40.00 price target (up from $38.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Longbow Research reiterated a “buy” rating and issued a $50.00 price target (up from $42.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Cowen and Company reiterated an “outperform” rating and issued a $43.00 price target (up from $40.00) on shares of Micron Technology in a research report on Wednesday, September 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $43.00 price target (up from $42.00) on shares of Micron Technology in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty have assigned 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 an average price target of $47.12.

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.75 and a current ratio of 2.34. The stock has a market cap of $53,040.00, a price-to-earnings ratio of 10.22, a P/E/G ratio of 0.61 and a beta of 1.78.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.18. The firm had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $5.97 billion. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. Micron Technology’s quarterly revenue was up 90.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) EPS. analysts predict that Micron Technology, Inc. will post 7.42 EPS for the current fiscal year.

In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $32.64, for a total transaction of $97,920.00. Following the sale, the director now directly owns 117,284 shares in the company, valued at approximately $3,828,149.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott J. Deboer sold 29,500 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $35.00, for a total transaction of $1,032,500.00. Following the sale, the executive vice president now owns 169,732 shares in the company, valued at $5,940,620. The disclosure for this sale can be found here. Over the last quarter, insiders sold 308,415 shares of company stock worth $11,836,825. 0.69% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Eidelman Virant Capital grew its stake in shares of Micron Technology by 22.0% in the 2nd quarter. Eidelman Virant Capital now owns 127,400 shares of the semiconductor manufacturer’s stock worth $3,804,000 after purchasing an additional 23,000 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Micron Technology by 16.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,652,878 shares of the semiconductor manufacturer’s stock worth $52,016,000 after purchasing an additional 232,083 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Micron Technology by 8.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 44,928 shares of the semiconductor manufacturer’s stock worth $1,342,000 after purchasing an additional 3,317 shares during the last quarter. Quantitative Systematic Strategies LLC grew its stake in shares of Micron Technology by 0.7% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 67,006 shares of the semiconductor manufacturer’s stock worth $2,106,000 after purchasing an additional 475 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Micron Technology by 4.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,627,678 shares of the semiconductor manufacturer’s stock worth $108,322,000 after purchasing an additional 140,996 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors.

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About Micron Technology

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