Micron Technology, Inc. (MU) Director Sells $124,140.00 in Stock
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 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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Micron Technology Company Profile
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