JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Micron Technology (NASDAQ:MU) in a research report sent to investors on Friday, The Fly reports.

Other analysts also recently issued research reports about the stock. Summit Redstone raised shares of Micron Technology to a buy rating in a research report on Thursday, March 21st. MKM Partners upped their price objective on shares of Micron Technology to $50.00 and gave the company a buy rating in a report on Thursday, March 21st. Summit Insights raised shares of Micron Technology from a hold rating to a buy rating in a report on Thursday, March 21st. Mizuho reaffirmed a buy rating and issued a $47.00 price objective (up from $44.00) on shares of Micron Technology in a report on Thursday, March 21st. Finally, Rosenblatt Securities reaffirmed a buy rating and issued a $75.00 price objective on shares of Micron Technology in a report on Tuesday, March 19th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating to the stock. Micron Technology has an average rating of Hold and a consensus price target of $47.88.

NASDAQ:MU opened at $33.19 on Friday. The stock has a market cap of $36.80 billion, a P/E ratio of 2.81 and a beta of 1.94. Micron Technology has a twelve month low of $28.39 and a twelve month high of $58.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 2.25. The stock’s 50 day moving average is $34.97.

In related news, SVP April S. Arnzen sold 21,182 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $39.39, for a total transaction of $834,358.98. Following the sale, the senior vice president now directly owns 86,992 shares of the company’s stock, valued at $3,426,614.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joel L. Poppen sold 20,210 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $41.45, for a total transaction of $837,704.50. Following the sale, the senior vice president now directly owns 269,368 shares in the company, valued at $11,165,303.60. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

A number of large investors have recently bought and sold shares of MU. Norges Bank acquired a new position in Micron Technology during the fourth quarter worth $365,896,000. Two Sigma Advisers LP raised its position in shares of Micron Technology by 517.9% in the fourth quarter. Two Sigma Advisers LP now owns 2,291,656 shares of the semiconductor manufacturer’s stock valued at $72,714,000 after buying an additional 1,920,800 shares during the last quarter. Brandywine Global Investment Management LLC raised its position in shares of Micron Technology by 57.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 4,099,250 shares of the semiconductor manufacturer’s stock valued at $130,070,000 after buying an additional 1,501,654 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Micron Technology by 24.5% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 6,032,954 shares of the semiconductor manufacturer’s stock valued at $191,427,000 after buying an additional 1,186,090 shares during the last quarter. Finally, Vanguard Group Inc raised its position in shares of Micron Technology by 1.4% in the third quarter. Vanguard Group Inc now owns 87,876,412 shares of the semiconductor manufacturer’s stock valued at $3,974,651,000 after buying an additional 1,176,989 shares during the last quarter. Institutional investors own 77.03% of the company’s stock.

About Micron Technology

Micron Technology, Inc engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets.

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Analyst Recommendations for Micron Technology (NASDAQ:MU)

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