Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank in a note issued to investors on Wednesday. They presently have a $60.00 price target on the semiconductor manufacturer’s stock. Deutsche Bank’s price target indicates a potential upside of 36.43% from the company’s current price.

Other research analysts have also issued reports about the stock. UBS lifted their price objective on shares of Micron Technology from $75.00 to $85.00 in a research note on Wednesday. J P Morgan Chase & Co restated a “buy” rating on shares of Micron Technology in a research report on Tuesday, August 29th. Citigroup set a $45.00 price target on shares of Micron Technology and gave the company a “buy” rating in a research report on Tuesday, August 29th. Goldman Sachs Group upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and boosted their price target for the company from $33.00 to $40.00 in a research report on Tuesday, September 12th. Finally, Vetr lowered shares of Micron Technology from a “strong-buy” rating to a “buy” rating and set a $39.15 price target for the company. in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $52.29.

Micron Technology (NASDAQ:MU) traded up $0.27 during trading on Wednesday, reaching $43.98. 51,048,200 shares of the company were exchanged, compared to its average volume of 30,169,188. Micron Technology has a fifty-two week low of $20.34 and a fifty-two week high of $49.89. The stock has a market cap of $50,584.66, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 0.59 and a beta of 1.75. 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 released its quarterly earnings data on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.60. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the business earned $0.32 EPS. Micron Technology’s revenue was up 71.4% compared to the same quarter last year. equities research analysts anticipate that Micron Technology will post 7.42 earnings per share for the current fiscal year.

In other Micron Technology news, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the business’s stock in a transaction on Friday, September 29th. The shares were 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 directly owns 289,940 shares of the company’s stock, valued at $11,046,714. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott J. Deboer sold 13,694 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.00, for a total transaction of $520,372.00. Following the completion of the sale, the executive vice president now directly owns 153,926 shares of the company’s stock, valued at $5,849,188. The disclosure for this sale can be found here. Insiders sold 268,588 shares of company stock valued at $10,480,038 over the last quarter. 0.53% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Capital Research Global Investors lifted its stake in 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 purchasing an additional 31,616,346 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Micron Technology by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 14,080,297 shares of the semiconductor manufacturer’s stock valued at $420,639,000 after acquiring an additional 74,670 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Micron Technology by 2.3% during the third quarter. Janus Henderson Group PLC now owns 12,125,074 shares of the semiconductor manufacturer’s stock valued at $476,863,000 after acquiring an additional 274,086 shares during the last quarter. CI Investments Inc. raised its stake in shares of Micron Technology by 0.5% during the third quarter. CI Investments Inc. now owns 7,570,300 shares of the semiconductor manufacturer’s stock valued at $297,740,000 after acquiring an additional 35,300 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Micron Technology by 1.7% during the third quarter. Legal & General Group Plc now owns 5,642,131 shares of the semiconductor manufacturer’s stock valued at $221,856,000 after acquiring an additional 94,517 shares during the last quarter. 80.82% of the stock is owned by institutional investors and hedge funds.

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Micron Technology Company Profile

Analyst Recommendations for Micron Technology (NASDAQ:MU)

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