Micron Technology, Inc. (NASDAQ:MU) SVP Joel L. Poppen sold 4,985 shares of the stock in a transaction on Monday, January 11th. The stock was sold at an average price of $78.66, for a total transaction of $392,120.10. Following the completion of the sale, the senior vice president now directly owns 301,918 shares of the company’s stock, valued at approximately $23,748,869.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:MU opened at $79.91 on Thursday. The company has a market cap of $89.39 billion, a PE ratio of 33.72, a P/E/G ratio of 1.83 and a beta of 1.37. The company’s 50-day moving average price is $71.97 and its 200 day moving average price is $55.72. Micron Technology, Inc. has a fifty-two week low of $31.13 and a fifty-two week high of $84.16. The company has a quick ratio of 1.86, a current ratio of 2.71 and a debt-to-equity ratio of 0.16.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, January 6th. The semiconductor manufacturer reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.07. The firm had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.66 billion. Micron Technology had a net margin of 12.54% and a return on equity of 7.73%. Micron Technology’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS. As a group, equities analysts anticipate that Micron Technology, Inc. will post 3.12 EPS for the current year.

Several equities research analysts have recently issued reports on MU shares. Wedbush increased their price objective on shares of Micron Technology from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Friday, January 8th. They noted that the move was a valuation call. Wells Fargo & Company increased their price objective on shares of Micron Technology from $65.00 to $75.00 in a research report on Tuesday, December 1st. Raymond James increased their price objective on shares of Micron Technology from $80.00 to $110.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 8th. KeyCorp raised their price target on shares of Micron Technology from $82.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, January 8th. Finally, Mizuho raised their price target on shares of Micron Technology from $85.00 to $92.00 and gave the company a “buy” rating in a report on Friday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. Micron Technology has an average rating of “Buy” and a consensus price target of $84.19.

A number of institutional investors have recently added to or reduced their stakes in MU. Baupost Group LLC MA acquired a new position in Micron Technology during the 3rd quarter valued at about $245,225,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Micron Technology by 35.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 18,026,673 shares of the semiconductor manufacturer’s stock worth $846,533,000 after purchasing an additional 4,699,280 shares during the last quarter. Sanders Capital LLC grew its stake in shares of Micron Technology by 9.2% in the 3rd quarter. Sanders Capital LLC now owns 29,258,834 shares of the semiconductor manufacturer’s stock worth $1,498,842,000 after purchasing an additional 2,455,277 shares during the last quarter. Himalaya Capital Management LLC grew its stake in shares of Micron Technology by 15.8% in the 3rd quarter. Himalaya Capital Management LLC now owns 11,476,523 shares of the semiconductor manufacturer’s stock worth $538,938,000 after purchasing an additional 1,567,100 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new position in shares of Micron Technology in the 3rd quarter worth approximately $69,347,000. 71.31% of the stock is currently owned by hedge funds and other institutional investors.

About Micron Technology

Micron Technology, Inc designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR, and 3D XPoint memory under the Micron and Crucial brands, as well as through private labels.

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Insider Buying and Selling by Quarter for Micron Technology (NASDAQ:MU)

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