Headlines about Micron Technology (NASDAQ:MU) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Micron Technology earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the semiconductor manufacturer an impact score of 45.1405749879614 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Several research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Micron Technology in a research report on Thursday, June 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Micron Technology in a research report on Monday, June 26th. Barclays PLC upped their price objective on Micron Technology from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 27th. Zacks Investment Research raised Micron Technology from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Tuesday, June 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating on shares of Micron Technology in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Micron Technology currently has a consensus rating of “Buy” and an average price target of $35.65.

Micron Technology (MU) traded up 0.23% during midday trading on Friday, hitting $30.29. The company had a trading volume of 13,929,789 shares. The firm’s 50 day moving average is $29.99 and its 200-day moving average is $28.40. The firm has a market capitalization of $33.62 billion, a P/E ratio of 13.30 and a beta of 1.76. Micron Technology has a 52 week low of $16.14 and a 52 week high of $32.96.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Thursday, June 29th. The semiconductor manufacturer reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.25. The company had revenue of $5.57 billion for 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 for the quarter was up 92.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) EPS. On average, equities research analysts expect that Micron Technology will post $4.71 EPS for the current fiscal year.

In other Micron Technology news, Director Lawrence N. Mondry sold 25,000 shares of Micron Technology stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $30.62, for a total value of $765,500.00. Following the completion of the transaction, the director now directly owns 177,367 shares of the company’s stock, valued at approximately $5,430,977.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ernest E. Maddock acquired 3,400 shares of the company’s stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $27.89 per share, with a total value of $94,826.00. Following the completion of the purchase, the chief financial officer now directly owns 192,385 shares in the company, valued at $5,365,617.65. The disclosure for this purchase can be found here. Insiders sold a total of 71,250 shares of company stock valued at $2,207,515 over the last three months. Corporate insiders own 0.69% of the company’s stock.

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