Micron Technology, Inc. (NASDAQ:MU) SVP April S. Arnzen sold 1,222 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $43.77, for a total transaction of $53,486.94. Following the completion of the transaction, the senior vice president now owns 57,969 shares of the company’s stock, valued at $2,537,303.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Micron Technology, Inc. (NASDAQ MU) opened at $44.21 on Monday. The company has a market cap of $51,120.69, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. Micron Technology, Inc. has a one year low of $22.64 and a one year high of $49.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.83 and a current ratio of 2.39.
Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 EPS for the quarter, topping the consensus estimate of $1.85 by $0.60. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.43 billion. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. The business’s revenue was up 71.4% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. sell-side analysts predict that Micron Technology, Inc. will post 10.12 EPS for the current fiscal year.
MU has been the subject of several research analyst reports. UBS Group lifted their target price on shares of Micron Technology from $75.00 to $85.00 in a research report on Wednesday, December 20th. Vetr upgraded shares of Micron Technology from a “hold” rating to a “buy” rating and set a $47.30 target price for the company in a research report on Wednesday, November 15th. Deutsche Bank reiterated a “buy” rating and set a $50.00 target price on shares of Micron Technology in a research report on Tuesday, November 7th. Cowen reiterated a “buy” rating and set a $50.00 target price on shares of Micron Technology in a research report on Wednesday, November 1st. Finally, Citigroup reiterated a “buy” rating on shares of Micron Technology in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $55.80.
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About Micron Technology
Micron Technology, Inc is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.
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