Micron Technology, Inc. (NASDAQ:MU) SVP April S. Arnzen sold 327 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $32.13, for a total transaction of $10,506.51. Following the completion of the transaction, the senior vice president now owns 50,215 shares of the company’s stock, valued at $1,613,407.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Micron Technology, Inc. (NASDAQ:MU) traded up 0.56% on Wednesday, reaching $32.25. 29,290,247 shares of the company were exchanged. The firm’s 50 day moving average price is $30.07 and its 200 day moving average price is $28.85. Micron Technology, Inc. has a 52 week low of $16.17 and a 52 week high of $32.96. The stock has a market capitalization of $35.80 billion, a price-to-earnings ratio of 14.16 and a beta of 1.75.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Thursday, June 29th. The semiconductor manufacturer reported $1.62 EPS for the quarter, beating the consensus estimate of $1.37 by $0.25. The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.41 billion. Micron Technology had a return on equity of 19.05% and a net margin of 14.66%. The firm’s revenue was up 92.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) EPS. Equities research analysts anticipate that Micron Technology, Inc. will post $4.72 EPS for the current year.

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Several research firms have weighed in on MU. UBS AG reissued an “average” rating and issued a $36.00 price target (up from $32.00) on shares of Micron Technology in a research note on Friday, June 30th. Morgan Stanley reissued an “overweight” rating and issued a $36.00 price target on shares of Micron Technology in a research note on Wednesday. Credit Suisse Group reissued an “outperform” rating and issued a $40.00 price target on shares of Micron Technology in a research note on Wednesday. Deutsche Bank AG reissued a “buy” rating and issued a $37.00 price target on shares of Micron Technology in a research note on Wednesday. Finally, Standpoint Research downgraded shares of Micron Technology from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $35.65.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Guardian Life Insurance Co. of America grew its holdings in Micron Technology by 0.3% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock valued at $116,000 after buying an additional 13 shares during the period. Wetherby Asset Management Inc. grew its holdings in Micron Technology by 1.0% in the 2nd quarter. Wetherby Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock valued at $457,000 after buying an additional 154 shares during the period. Neuberger Berman Group LLC grew its holdings in Micron Technology by 1.4% in the 1st quarter. Neuberger Berman Group LLC now owns 12,407 shares of the semiconductor manufacturer’s stock valued at $359,000 after buying an additional 170 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Micron Technology by 0.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 43,675 shares of the semiconductor manufacturer’s stock valued at $1,262,000 after buying an additional 203 shares during the period. Finally, Honkamp Krueger Financial Services Inc. grew its holdings in Micron Technology by 0.4% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 52,116 shares of the semiconductor manufacturer’s stock valued at $1,556,000 after buying an additional 221 shares during the period. Institutional investors own 79.34% of the company’s stock.

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