Investors sold shares of Micron Technology, Inc. (NASDAQ:MU) on strength during trading on Wednesday after an insider sold shares in the company. $290.62 million flowed into the stock on the tick-up and $332.95 million flowed out of the stock on the tick-down, for a money net flow of $42.33 million out of the stock. Of all stocks tracked, Micron Technology had the 0th highest net out-flow for the day. Micron Technology traded up $0.37 for the day and closed at $41.58Specifically, EVP Scott J. Deboer sold 10,000 shares of Micron Technology stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $34.00, for a total transaction of $340,000.00. Following the transaction, the executive vice president now directly owns 140,232 shares of the company’s stock, valued at $4,767,888. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $41.38, for a total transaction of $124,140.00. Following the transaction, the director now directly owns 116,699 shares in the company, valued at $4,829,004.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 308,088 shares of company stock worth $11,852,538. Insiders own 0.69% of the company’s stock.

A number of brokerages have commented on MU. Zacks Investment Research downgraded shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Morgan Stanley lifted their price target on shares of Micron Technology from $39.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, November 27th. Robert W. Baird reiterated an “outperform” rating and set a $60.00 price target (up from $52.00) on shares of Micron Technology in a research report on Tuesday, November 28th. Vetr upgraded shares of Micron Technology from a “hold” rating to a “buy” rating and set a $50.20 price target for the company in a research report on Tuesday, November 21st. Finally, Cowen reiterated a “buy” rating and set a $50.00 price target on shares of Micron Technology in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $48.20.

The company has a current ratio of 2.34, a quick ratio of 1.75 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $46,014.88, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.75.

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

Several hedge funds have recently made changes to their positions in the stock. Shelton Capital Management grew its holdings in Micron Technology by 104.0% during the 3rd quarter. Shelton Capital Management now owns 188,499 shares of the semiconductor manufacturer’s stock worth $7,414,000 after acquiring an additional 96,100 shares in the last quarter. Rubric Capital Management LP grew its holdings in Micron Technology by 130.8% during the 3rd quarter. Rubric Capital Management LP now owns 600,000 shares of the semiconductor manufacturer’s stock worth $23,598,000 after acquiring an additional 340,000 shares in the last quarter. Greenlight Capital Inc. grew its holdings in Micron Technology by 89.5% during the 3rd quarter. Greenlight Capital Inc. now owns 5,021,900 shares of the semiconductor manufacturer’s stock worth $197,511,000 after acquiring an additional 2,371,900 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Micron Technology by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 711,772 shares of the semiconductor manufacturer’s stock worth $27,994,000 after acquiring an additional 2,711 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd grew its holdings in Micron Technology by 173.4% during the 3rd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 1,013,900 shares of the semiconductor manufacturer’s stock worth $39,877,000 after acquiring an additional 643,100 shares in the last quarter. Hedge funds and other institutional investors own 81.16% of the company’s stock.

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