Micron Technology (NASDAQ:MU) had its price target upped by MKM Partners from $52.00 to $54.00 in a research note published on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Other equities analysts have also issued research reports about the company. Deutsche Bank reissued a buy rating and issued a $37.00 price objective on shares of Micron Technology in a research note on Wednesday, September 6th. BidaskClub raised Micron Technology from a hold rating to a buy rating in a research note on Saturday, August 19th. Mizuho reissued a buy rating and issued a $38.00 price objective on shares of Micron Technology in a research note on Wednesday, August 16th. J P Morgan Chase & Co reissued a buy rating on shares of Micron Technology in a research note on Tuesday, August 29th. Finally, Citigroup set a $45.00 price target on Micron Technology and gave the company a buy rating in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $48.26.

Micron Technology (NASDAQ:MU) traded up $0.16 during trading on Thursday, reaching $42.40. The company’s stock had a trading volume of 56,479,956 shares, compared to its average volume of 39,702,756. The company has a current ratio of 2.34, a quick ratio of 1.75 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $49,068.63, a price-to-earnings ratio of 9.55, a P/E/G ratio of 0.57 and a beta of 1.75. Micron Technology has a one year low of $20.19 and a one year high of $49.89.

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

In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $44.55, for a total value of $133,650.00. Following the completion of the sale, the director now directly owns 117,299 shares in the company, valued at $5,225,670.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $38.10, for a total value of $4,531,766.40. Following the completion of the sale, the senior vice president now owns 289,940 shares of the company’s stock, valued at $11,046,714. The disclosure for this sale can be found here. Insiders sold 268,588 shares of company stock valued at $10,480,038 in the last quarter. 0.53% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. Capital Research Global Investors increased its holdings in shares of Micron Technology by 386.6% in the second quarter. Capital Research Global Investors now owns 39,794,346 shares of the semiconductor manufacturer’s stock worth $1,188,259,000 after acquiring an additional 31,616,346 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Micron Technology by 0.5% in the second 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 in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Micron Technology by 2.3% in the third 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 in the last quarter. CI Investments Inc. increased its holdings in shares of Micron Technology by 0.5% in the third 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 in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Micron Technology by 1.7% in the third quarter. Legal & General Group Plc now owns 5,642,131 shares of the semiconductor manufacturer’s stock worth $221,856,000 after acquiring an additional 94,517 shares in the last quarter. Institutional investors own 81.16% of the company’s stock.

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Micron Technology Company Profile

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