Micron Technology, Inc. (NASDAQ:MU) SVP Sells $216,000.00 in Stock

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.



Several large investors have recently bought and sold shares of MU. Financial Gravity Wealth Inc. bought a new stake in Micron Technology during the 1st quarter valued at $55,000. Advisor Partners LLC raised its holdings in Micron Technology by 15.9% during the 1st quarter. Advisor Partners LLC now owns 34,435 shares of the semiconductor manufacturer’s stock valued at $1,423,000 after acquiring an additional 4,715 shares during the period. Winslow Evans & Crocker Inc. raised its holdings in Micron Technology by 7.9% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 27,080 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after acquiring an additional 1,974 shares during the period. Voit & Company LLC raised its holdings in Micron Technology by 7.4% during the 1st quarter. Voit & Company LLC now owns 21,452 shares of the semiconductor manufacturer’s stock valued at $887,000 after acquiring an additional 1,470 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in Micron Technology by 8.0% during the 1st quarter. Eagle Asset Management Inc. now owns 10,892 shares of the semiconductor manufacturer’s stock valued at $450,000 after acquiring an additional 807 shares during the period. 77.24% of the stock is currently owned by institutional investors.

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.

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