Micron Technology, Inc. (MU) recently sold by insider Shirley Brian

Rodiano Bonacci
Febbraio 17, 2017

This rating was issued on 2/09/17. The stock recently closed its previous session at $22.98 by showing a percentage change of -0.17% from its previous day closing price of $23.02. These analysts polled by Zacks Research now have a mean target price of $28.571 on the stock. Beta factor is used to measure the volatility of the stock.

BofA/Merrill Upgrade its coverage for Micron Technology, Inc.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, December 21st. Finally, Mizuho upped their price target on Micron Technology from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, February 3rd. They set a "hold" rating and a $25.00 price objective on the stock. MA ended last trade at $22.98 a share and the price is up more than 4.84% so far this year. Additionally, Standpoint Research Upgrade its ratings on the stock to Buy. (NASDAQ:MU) in a note sent to investors on 9-Feb-17.

Micron Technology, Inc. (NASDAQ:MU) now has a consensus Price Target of $29.78. 23 Analysts reported that the Price Target for Micron Technology, Inc. might touch $45 high while the Average Price Target and Low price Target is $29.78 and $21 respectively. Micron Technology, Inc. has a 52-week low of $9.35 and a 52-week high of $25.31. Out of 28 brokerage recommendations, 8 gave a Strong Buy, 15 issued a Buy, 3 issued Hold, 2 rated Under-perform and 0 issued a Sell. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. Schroder Investment Management Group bought a new stake in Micron Technology during the third quarter valued at about $72,061,000.

Looking forward, the company is expected to report earnings of $0.84 per share for the current quarter.

"Micron Technology, Inc. (MU) Shares Sold by Pinnacle Associates Ltd." was first posted by BBNS and is owned by of BBNS. Stock analysts expect it to report per-share earnings of $0.84 in that period. Thus the company showed an Earnings Surprise of 14.3 Percent. The stock's market capitalization is $24.15 billion. The stock traded with the volume of 23.68 Million shares in the last trading session. Analyst forecasts, earnings estimates and price target projections are issued to help their clients make money through stock investments. The company had revenue of $3.97 billion for the quarter.

Now we look at the Moving Averages, the 200-day is 37.16, the 50-day is 3.43 and the 20-day is -2.64. The shares were sold at an average price of $22.09, for a total value of $2,000,912.20.

Micron Technology, Inc. (NASDAQ:MU) performance during the last one year Improved 101.4 percent, while its year to date (YTD) performance showed a Positive trend of 5.02 percent. Net profit margin of the company was recorded at -2.3 percent, operating profit margin was 2.3 percent, whereas gross profit margin stands at 20.5 percent.

While looking at the Stock's Performance, Micron Technology, Inc. now shows a Weekly Performance of -4.92%, where Monthly Performance is 5.89%, Quarterly performance is 29.98%, 6 Months performance is 48.61% and yearly performance percentage is 101.4%. The Monthly and Yearly performances are 2.96 percent and 100 percent respectively. Sumitomo Mitsui Asset Management Company LTD now owns 82,578 shares of the semiconductor manufacturer's stock worth $1,136,000 after buying an additional 598 shares during the period. Korea Investment CORP now owns 3,192,986 shares of the semiconductor manufacturer's stock valued at $56,771,000 after buying an additional 2,667,286 shares during the last quarter. Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 price target on shares of Micron Technology in a research note on Thursday, February 2nd.

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