Traders bought shares of Micron Technology, Inc. (NASDAQ:MU) on weakness during trading hours on Monday. $264.70 million flowed into the stock on the tick-up and $230.38 million flowed out of the stock on the tick-down, for a money net flow of $34.32 million into the stock. Of all companies tracked, Micron Technology had the 10th highest net in-flow for the day. Micron Technology traded down ($0.30) for the day and closed at $44.12

Several analysts recently commented on MU shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Micron Technology in a report on Wednesday, December 20th. Mizuho reaffirmed a “buy” rating and set a $40.00 target price (up from $38.00) on shares of Micron Technology in a report on Wednesday, September 27th. Cowen reaffirmed an “outperform” rating and set a $43.00 target price (up from $40.00) on shares of Micron Technology in a report on Wednesday, September 27th. Longbow Research reaffirmed a “buy” rating and set a $50.00 target price (up from $42.00) on shares of Micron Technology in a report on Wednesday, September 27th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $43.00 target price (up from $42.00) on shares of Micron Technology in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Micron Technology presently has a consensus rating of “Buy” and an average price target of $54.38.

The company has a market cap of $51,060.00, a PE ratio of 6.95, a price-to-earnings-growth ratio of 0.61 and a beta of 1.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.75 and a current ratio of 2.39.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.60. Micron Technology had a return on equity of 41.87% and a net margin of 32.77%. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter last year, the business posted $0.32 earnings per share. The firm’s revenue was up 71.4% compared to the same quarter last year. analysts expect that Micron Technology, Inc. will post 7.26 earnings per share for the current year.

In other Micron Technology news, EVP Scott J. Deboer sold 30,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the executive vice president now owns 122,667 shares of the company’s stock, valued at $5,152,014. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert L. Bailey sold 3,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $39.86, for a total value of $119,580.00. Following the sale, the director now directly owns 114,284 shares of the company’s stock, valued at approximately $4,555,360.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 268,588 shares of company stock worth $10,480,038. 0.53% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MU. SevenBridge Financial Group LLC grew its stake in Micron Technology by 87.5% during the 3rd quarter. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer’s stock worth $100,000 after purchasing an additional 1,190 shares in the last quarter. Captrust Financial Advisors acquired a new position in Micron Technology during the 2nd quarter worth $107,000. Salem Investment Counselors Inc. grew its stake in Micron Technology by 76.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer’s stock worth $115,000 after purchasing an additional 1,252 shares in the last quarter. Jacobi Capital Management LLC grew its stake in Micron Technology by 368.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 3,305 shares of the semiconductor manufacturer’s stock worth $135,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Krilogy Financial LLC grew its stake in Micron Technology by 1,087.5% during the 2nd quarter. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer’s stock worth $142,000 after purchasing an additional 4,350 shares in the last quarter. 80.82% of the stock is owned by institutional investors and hedge funds.

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Micron Technology Company Profile

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