A number of firms have modified their ratings and price targets on shares of Micron Technology (NASDAQ: MU) recently:

  • 9/6/2017 – Micron Technology had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $36.00 price target on the stock.
  • 9/6/2017 – Micron Technology had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $40.00 price target on the stock.
  • 8/31/2017 – Micron Technology had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.
  • 8/29/2017 – Micron Technology was given a new $45.00 price target on by analysts at Citigroup Inc.. They now have a “buy” rating on the stock.
  • 8/29/2017 – Micron Technology had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co.
  • 8/23/2017 – Micron Technology had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $48.00 price target on the stock.
  • 8/19/2017 – Micron Technology was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/16/2017 – Micron Technology had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $38.00 price target on the stock.
  • 8/14/2017 – Micron Technology had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $45.00 price target on the stock.
  • 8/14/2017 – Micron Technology had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $36.00 price target on the stock.
  • 8/10/2017 – Micron Technology had its “buy” rating reaffirmed by analysts at Cowen and Company.
  • 8/2/2017 – Micron Technology had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $45.00 price target on the stock.
  • 8/1/2017 – Micron Technology had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $48.00 price target on the stock.
  • 7/31/2017 – Micron Technology had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/28/2017 – Micron Technology was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/27/2017 – Micron Technology had its “hold” rating reaffirmed by analysts at BMO Capital Markets.
  • 7/27/2017 – Micron Technology had its “outperform” rating reaffirmed by analysts at Mizuho. They now have a $38.00 price target on the stock.
  • 7/26/2017 – Micron Technology was given a new $45.00 price target on by analysts at Citigroup Inc.. They now have a “buy” rating on the stock.
  • 7/19/2017 – Micron Technology was given a new $45.00 price target on by analysts at Citigroup Inc.. They now have a “buy” rating on the stock.
  • 7/13/2017 – Micron Technology was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/12/2017 – Micron Technology had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $45.00 price target on the stock.

Micron Technology, Inc. (NASDAQ MU) traded up 0.889% during mid-day trading on Wednesday, reaching $32.355. 8,806,588 shares of the company’s stock traded hands. 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 one year low of $16.17 and a one year high of $32.96. The firm has a market cap of $35.91 billion, a price-to-earnings ratio of 14.209 and a beta of 1.75.

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

In related news, Director Lawrence N. Mondry sold 25,000 shares of Micron Technology stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $30.62, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brian Shirley sold 27,250 shares of Micron Technology stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $31.54, for a total transaction of $859,465.00. Following the transaction, the senior vice president now directly owns 292,211 shares of the company’s stock, valued at $9,216,334.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,250 shares of company stock worth $1,856,765. Insiders own 0.69% of the company’s stock.

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