Micron Technology, Inc. (NASDAQ:MU) Director Robert L. Bailey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $41.38, for a total transaction of $124,140.00. Following the transaction, the director now directly owns 116,699 shares of the company’s stock, valued at $4,829,004.62. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Micron Technology, Inc. (MU) opened at $43.20 on Friday. The firm has a market cap of $47,952.34, a PE ratio of 9.36, a PEG ratio of 0.56 and a beta of 1.75. Micron Technology, Inc. has a 1 year low of $19.49 and a 1 year high of $49.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.34 and a quick ratio of 1.75.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.18. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The business had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same quarter in the prior year, the firm earned ($0.01) EPS. The company’s revenue for the quarter was up 90.8% compared to the same quarter last year. equities research analysts forecast that Micron Technology, Inc. will post 7.42 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Capital Research Global Investors boosted its holdings in shares of Micron Technology by 386.6% during the 2nd quarter. Capital Research Global Investors now owns 39,794,346 shares of the semiconductor manufacturer’s stock worth $1,188,259,000 after buying an additional 31,616,346 shares during the period. Dimensional Fund Advisors LP boosted its stake in Micron Technology by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,080,297 shares of the semiconductor manufacturer’s stock worth $420,639,000 after acquiring an additional 74,670 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Micron Technology by 2.3% during the 3rd quarter. Janus Henderson Group PLC now owns 12,125,074 shares of the semiconductor manufacturer’s stock worth $476,863,000 after acquiring an additional 274,086 shares during the last quarter. Amerigo Asset Management boosted its stake in Micron Technology by 11.9% during the 2nd quarter. Amerigo Asset Management now owns 8,077,460 shares of the semiconductor manufacturer’s stock worth $241,193,000 after acquiring an additional 860,000 shares during the last quarter. Finally, CI Investments Inc. boosted its stake in Micron Technology by 0.5% during the 3rd quarter. CI Investments Inc. now owns 7,570,300 shares of the semiconductor manufacturer’s stock worth $297,740,000 after acquiring an additional 35,300 shares during the last quarter. 81.16% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the stock. Mizuho reaffirmed a “buy” rating and issued a $40.00 target price (up from $38.00) on shares of Micron Technology in a research note on Wednesday, September 27th. Cowen reaffirmed an “outperform” rating and issued a $43.00 target price (up from $40.00) on shares of Micron Technology in a research note on Wednesday, September 27th. Longbow Research reaffirmed a “buy” rating and issued a $50.00 target price (up from $42.00) on shares of Micron Technology in a research note on Wednesday, September 27th. Deutsche Bank reiterated a “buy” rating and issued a $43.00 price target (up previously from $42.00) on shares of Micron Technology in a report on Wednesday, September 27th. Finally, BMO Capital Markets started coverage on shares of Micron Technology in a report on Monday, October 2nd. They issued a “market perform” rating and a $43.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.20.

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