Micron Technology, Inc. (NASDAQ:MU) is scheduled to post its quarterly earnings results after the market closes on Thursday, March 23rd. Analysts expect Micron Technology to post earnings of $0.84 per share for the quarter.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, December 21st. The semiconductor manufacturer reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The company earned $3.97 billion during the quarter. Micron Technology had a positive return on equity of 0.81% and a negative net margin of 2.32%. Micron Technology’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. On average, analysts expect Micron Technology to post $2.93 EPS for the current fiscal year and $3.43 EPS for the next fiscal year.

Earnings History for Micron Technology (NASDAQ:MU)

Shares of Micron Technology, Inc. (NASDAQ:MU) opened at 26.21 on Tuesday. Micron Technology, Inc. has a 1-year low of $9.35 and a 1-year high of $26.61. The firm’s market cap is $28.90 billion. The firm’s 50-day moving average price is $24.49 and its 200 day moving average price is $20.41.

In related news, VP Steven L. Thorsen, Jr. sold 126,000 shares of the firm’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $24.64, for a total transaction of $3,104,640.00. Following the transaction, the vice president now directly owns 421,690 shares of the company’s stock, valued at $10,390,441.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Brian Shirley sold 27,250 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $23.12, for a total transaction of $630,020.00. Following the transaction, the vice president now directly owns 340,542 shares in the company, valued at $7,873,331.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 292,610 shares of company stock worth $6,857,512. 0.69% of the stock is owned by insiders.

Several brokerages have commented on MU. Brean Capital upped their target price on shares of Micron Technology from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 target price on shares of Micron Technology in a research note on Thursday, February 2nd. Vetr raised shares of Micron Technology from a “hold” rating to a “buy” rating and set a $25.93 target price for the company in a research note on Thursday, February 2nd. Summit Redstone raised shares of Micron Technology from a “sell” rating to a “buy” rating and upped their target price for the company from $8.00 to $26.00 in a research note on Wednesday, December 21st. Finally, Cowen and Company upped their target price on shares of Micron Technology from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, December 22nd. Four analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Micron Technology currently has an average rating of “Buy” and an average price target of $25.19.

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