Micron Technology, Inc. (NASDAQ:MU)‘s stock had its “buy” rating restated by Cowen and Company in a report released on Thursday.

Several other brokerages also recently weighed in on MU. Mizuho restated a “buy” rating and issued a $35.00 target price on shares of Micron Technology in a research note on Friday, June 16th. Citigroup Inc. restated a “buy” rating and issued a $45.00 target price on shares of Micron Technology in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) downgraded shares of Micron Technology from a “buy” rating to a “neutral” rating in a research note on Monday, May 15th. BidaskClub downgraded shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Loop Capital restated a “buy” rating and issued a $40.00 target price on shares of Micron Technology in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Micron Technology has a consensus rating of “Buy” and an average price target of $35.65.

Micron Technology (MU) opened at 28.58 on Thursday. Micron Technology has a one year low of $14.21 and a one year high of $32.96. The company has a 50-day moving average of $30.48 and a 200-day moving average of $27.93. The stock has a market capitalization of $31.72 billion, a price-to-earnings ratio of 12.55 and a beta of 1.76.

Micron Technology (NASDAQ:MU) last announced its earnings results on Thursday, June 29th. The semiconductor manufacturer reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.25. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.41 billion. Micron Technology had a net margin of 14.66% and a return on equity of 19.05%. Micron Technology’s revenue was up 92.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) earnings per share. On average, equities analysts forecast that Micron Technology will post $4.71 EPS for the current fiscal year.

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In other Micron Technology news, VP Scott J. Deboer sold 10,000 shares of Micron Technology stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $32.00, for a total value of $320,000.00. Following the completion of the transaction, the vice president now owns 150,232 shares of the company’s stock, valued at $4,807,424. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP April S. Arnzen sold 1,000 shares of Micron Technology stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $30.75, for a total transaction of $30,750.00. Following the completion of the transaction, the vice president now directly owns 52,542 shares of the company’s stock, valued at approximately $1,615,666.50. The disclosure for this sale can be found here. Insiders sold 46,250 shares of company stock valued at $1,442,015 in the last ninety days. 0.69% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MU. Guardian Life Insurance Co. of America boosted its position in Micron Technology by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock worth $116,000 after buying an additional 13 shares during the last quarter. First Personal Financial Services raised its stake in shares of Micron Technology by 96.8% in the first quarter. First Personal Financial Services now owns 4,234 shares of the semiconductor manufacturer’s stock valued at $122,000 after buying an additional 2,083 shares during the period. Washington Trust Bank raised its stake in shares of Micron Technology by 1.5% in the first quarter. Washington Trust Bank now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $126,000 after buying an additional 63 shares during the period. Shine Investment Advisory Services Inc. bought a new stake in shares of Micron Technology during the second quarter valued at about $141,000. Finally, Coconut Grove Bank raised its stake in shares of Micron Technology by 1,422.5% in the first quarter. Coconut Grove Bank now owns 5,405 shares of the semiconductor manufacturer’s stock valued at $156,000 after buying an additional 5,050 shares during the period. 80.44% of the stock is owned by institutional investors.

Micron Technology Company Profile

Analyst Recommendations for Micron Technology (NASDAQ:MU)

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