Micron Technology Inc. (NASDAQ:MU) has been given an average recommendation of “Buy” by the thirty-six research firms that are covering the firm. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.49.

Several research analysts recently weighed in on MU shares. Mizuho upped their price target on shares of Micron Technology from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Nomura restated a “buy” rating and set a $16.00 price target on shares of Micron Technology in a research report on Thursday, August 4th. Brean Capital increased their price objective on shares of Micron Technology from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. MKM Partners reiterated a “buy” rating and issued a $21.00 price objective (up previously from $19.00) on shares of Micron Technology in a report on Tuesday, August 16th. Finally, Vetr downgraded shares of Micron Technology from a “strong-buy” rating to a “buy” rating and set a $17.58 price objective for the company. in a report on Thursday, August 18th.

Shares of Micron Technology (NASDAQ:MU) traded down 1.30% on Tuesday, hitting $19.73. The company’s stock had a trading volume of 23,164,410 shares. The stock has a 50-day moving average price of $17.72 and a 200 day moving average price of $15.19. Micron Technology has a one year low of $9.31 and a one year high of $20.44. The firm’s market cap is $20.55 billion.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, October 4th. The semiconductor manufacturer reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.12. Micron Technology had a negative net margin of 2.23% and a positive return on equity of 0.50%. The firm earned $3.22 billion during the quarter. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. Equities research analysts predict that Micron Technology will post $1.17 EPS for the current year.

In other news, VP Brian Shirley sold 90,014 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 397,264 shares of the company’s stock, valued at $7,087,189.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Steven L. Thorsen, Jr. sold 63,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $17.58, for a total transaction of $1,107,540.00. Following the transaction, the vice president now directly owns 358,690 shares of the company’s stock, valued at approximately $6,305,770.20. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Micron Technology by 10.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 55,575 shares of the semiconductor manufacturer’s stock valued at $582,000 after buying an additional 5,265 shares during the period. BlueMountain Capital Management LLC raised its position in shares of Micron Technology by 5.9% in the first quarter. BlueMountain Capital Management LLC now owns 18,301 shares of the semiconductor manufacturer’s stock valued at $192,000 after buying an additional 1,027 shares during the period. Raymond James Trust N.A. raised its position in shares of Micron Technology by 15.1% in the second quarter. Raymond James Trust N.A. now owns 15,131 shares of the semiconductor manufacturer’s stock valued at $208,000 after buying an additional 1,986 shares during the period. Private Asset Management Inc. raised its position in shares of Micron Technology by 10.8% in the second quarter. Private Asset Management Inc. now owns 485,475 shares of the semiconductor manufacturer’s stock valued at $6,680,000 after buying an additional 47,315 shares during the period. Finally, Exxonmobil Investment Management Inc. TX raised its position in shares of Micron Technology by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 268,438 shares of the semiconductor manufacturer’s stock valued at $3,694,000 after buying an additional 15,843 shares during the period. 84.26% of the stock is owned by hedge funds and other institutional investors.

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