Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank in a report issued on Thursday. They presently have a $55.00 target price on the semiconductor manufacturer’s stock. Deutsche Bank’s target price would suggest a potential upside of 30.98% from the stock’s current price.

Several other research analysts have also issued reports on the stock. Vetr lowered shares of Micron Technology from a “buy” rating to a “hold” rating and set a $47.81 target price for the company. in a research report on Friday, November 17th. UBS reiterated a “buy” rating and issued a $53.00 target price (up from $39.50) on shares of Micron Technology in a research report on Thursday, October 19th. They noted that the move was a valuation call. J P Morgan Chase & Co upped their target price on shares of Micron Technology from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. Evercore ISI upped their target price on shares of Micron Technology from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, September 18th. Finally, Citigroup reiterated a “buy” rating on shares of Micron Technology in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $48.20.

Micron Technology (NASDAQ:MU) opened at $41.99 on Thursday. The company has a market cap of $48,886.48, a price-to-earnings ratio of 9.55, a PEG ratio of 0.57 and a beta of 1.76. The company has a current ratio of 2.34, a quick ratio of 1.75 and a debt-to-equity ratio of 0.51. Micron Technology has a 1 year low of $18.30 and a 1 year high of $49.89.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.18. The firm had revenue of $6.14 billion during the quarter, compared to analyst estimates of $5.97 billion. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The business’s revenue for the quarter was up 90.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) EPS. sell-side analysts anticipate that Micron Technology will post 7.42 earnings per share for the current fiscal year.

In other news, Director Robert L. Bailey sold 3,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $39.86, for a total transaction of $119,580.00. Following the completion of the transaction, the director now directly owns 114,284 shares of the company’s stock, valued at $4,555,360.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott J. Deboer sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $34.00, for a total transaction of $340,000.00. Following the transaction, the executive vice president now directly owns 140,232 shares of the company’s stock, valued at $4,767,888. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,088 shares of company stock valued at $11,728,398. Insiders own 0.69% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Shelton Capital Management increased its position in shares of Micron Technology by 104.0% during the third quarter. Shelton Capital Management now owns 188,499 shares of the semiconductor manufacturer’s stock valued at $7,414,000 after buying an additional 96,100 shares during the period. Rubric Capital Management LP increased its position in shares of Micron Technology by 130.8% during the third quarter. Rubric Capital Management LP now owns 600,000 shares of the semiconductor manufacturer’s stock valued at $23,598,000 after buying an additional 340,000 shares during the period. Greenlight Capital Inc. increased its position in shares of Micron Technology by 89.5% during the third quarter. Greenlight Capital Inc. now owns 5,021,900 shares of the semiconductor manufacturer’s stock valued at $197,511,000 after buying an additional 2,371,900 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Micron Technology by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 711,772 shares of the semiconductor manufacturer’s stock valued at $27,994,000 after buying an additional 2,711 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd increased its position in shares of Micron Technology by 173.4% during the third quarter. Central Asset Investments & Management Holdings HK Ltd now owns 1,013,900 shares of the semiconductor manufacturer’s stock valued at $39,877,000 after buying an additional 643,100 shares during the period. Institutional investors own 81.16% of the company’s stock.

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