Micron Technology Inc. (NASDAQ:MU) VP April S. Arnzen sold 11,424 shares of the firm’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $17.72, for a total transaction of $202,433.28. Following the completion of the transaction, the vice president now owns 39,993 shares of the company’s stock, valued at $708,675.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Micron Technology Inc. (NASDAQ:MU) opened at 17.61 on Monday. The company’s market capitalization is $18.26 billion. The firm has a 50-day moving average price of $17.08 and a 200-day moving average price of $13.33. Micron Technology Inc. has a one year low of $9.31 and a one year high of $19.30.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, October 4th. The semiconductor manufacturer reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.12. The business had revenue of $3.22 billion for the quarter. Micron Technology had a positive return on equity of 0.50% and a negative net margin of 2.23%. Micron Technology’s revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. Equities analysts forecast that Micron Technology Inc. will post $1.12 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the company. Wesbanco Bank Inc. raised its position in shares of Micron Technology by 0.4% in the second quarter. Wesbanco Bank Inc. now owns 15,155 shares of the semiconductor manufacturer’s stock worth $209,000 after buying an additional 59 shares in the last quarter. Evercore Wealth Management LLC boosted its position in Micron Technology by 0.7% in the second quarter. Evercore Wealth Management LLC now owns 10,016 shares of the semiconductor manufacturer’s stock worth $138,000 after buying an additional 67 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Micron Technology by 0.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 25,927 shares of the semiconductor manufacturer’s stock worth $357,000 after buying an additional 130 shares during the last quarter. Yellowstone Partners LLC boosted its position in Micron Technology by 1.0% in the second quarter. Yellowstone Partners LLC now owns 14,033 shares of the semiconductor manufacturer’s stock worth $193,000 after buying an additional 133 shares during the last quarter. Finally, Nwam LLC boosted its position in Micron Technology by 1.0% in the second quarter. Nwam LLC now owns 14,589 shares of the semiconductor manufacturer’s stock worth $201,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 81.42% of the company’s stock.

Several brokerages recently weighed in on MU. Deutsche Bank AG reaffirmed a “buy” rating and set a $20.00 price objective on shares of Micron Technology in a research report on Wednesday, October 5th. Nomura reissued a “buy” rating and issued a $16.00 price target on shares of Micron Technology in a research report on Thursday, August 4th. Vetr raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating and set a $17.65 price target on the stock in a research report on Wednesday, August 24th. Needham & Company LLC reissued an “underperform” rating on shares of Micron Technology in a research report on Friday. Finally, Citigroup Inc. reissued a “buy” rating on shares of Micron Technology in a research report on Monday, August 29th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $18.35.

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