Micron Technology, Inc. (NASDAQ:MU) SVP April S. Arnzen sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $45.00, for a total value of $216,000.00. Following the completion of the transaction, the senior vice president now owns 79,392 shares in the company, valued at approximately $3,572,640. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NASDAQ:MU opened at $44.67 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.79 and a quick ratio of 1.88. The company has a market cap of $47.53 billion, a PE ratio of 3.78 and a beta of 1.97. The business has a 50 day moving average of $36.93. Micron Technology, Inc. has a 12 month low of $28.39 and a 12 month high of $57.56.
Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, June 25th. The semiconductor manufacturer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.30. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.70 billion. Micron Technology had a net margin of 37.35% and a return on equity of 30.94%. Micron Technology’s revenue was down 38.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.15 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.06 EPS for the current year.
MU has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $52.00 target price on Core Laboratories and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Bank of America boosted their target price on Micron Technology from $45.00 to $60.00 and gave the stock an “average” rating in a research note on Thursday. Citigroup downgraded Biogen from a “buy” rating to a “neutral” rating and cut their target price for the stock from $470.00 to $230.00 in a research note on Thursday, March 21st. Morgan Stanley set a $12.00 target price on Adient and gave the stock a “sell” rating in a research note on Wednesday, June 26th. Finally, Summit Insights upgraded Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, March 21st. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.77.
About Micron Technology
Micron Technology, Inc engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets.
Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.