Micron Technology Inc. (NASDAQ:MU) VP Brian Shirley sold 90,014 shares of the stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $17.84, for a total value of $1,605,849.76. Following the sale, the vice president now directly owns 397,264 shares in the company, valued at approximately $7,087,189.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Micron Technology Inc. (NASDAQ:MU) opened at 17.61 on Monday. 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 52 week low of $9.31 and a 52 week high of $19.30. The stock’s market cap is $18.26 billion.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, October 4th. The semiconductor manufacturer reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.12. The firm 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%. The firm’s quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, equities research analysts predict that Micron Technology Inc. will post $1.12 EPS for the current year.

A number of brokerages have issued reports on MU. Credit Suisse Group AG reissued an “outperform” rating and issued a $20.00 price target on shares of Micron Technology in a research note on Tuesday, October 4th. Bank of America Corp. set a $9.00 price target on Micron Technology and gave the stock a “sell” rating in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. decreased their price target on Micron Technology from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 5th. Stifel Nicolaus reissued a “buy” rating and issued a $22.00 price target (up from $20.00) on shares of Micron Technology in a research note on Wednesday, October 5th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $20.00 price target on shares of Micron Technology in a research note on Wednesday, October 5th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $18.35.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its position in shares of Micron Technology by 31.8% in the first quarter. Aperio Group LLC now owns 317,043 shares of the semiconductor manufacturer’s stock worth $3,319,000 after buying an additional 76,525 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its position in shares of Micron Technology by 62.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 241,089 shares of the semiconductor manufacturer’s stock worth $2,524,000 after buying an additional 93,100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Micron Technology by 221.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,112 shares of the semiconductor manufacturer’s stock worth $389,000 after buying an additional 25,560 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Micron Technology by 7.4% in the first quarter. Teachers Advisors Inc. now owns 1,884,026 shares of the semiconductor manufacturer’s stock worth $19,726,000 after buying an additional 130,247 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Micron Technology by 17.3% in the first quarter. Prudential Financial Inc. now owns 2,792,220 shares of the semiconductor manufacturer’s stock worth $29,234,000 after buying an additional 411,500 shares during the last quarter. Hedge funds and other institutional investors own 81.42% of the company’s stock.

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