Media stories about Micron Technology (NASDAQ:MU) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Micron Technology earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the semiconductor manufacturer an impact score of 46.4632427540094 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Shares of Micron Technology (NASDAQ:MU) opened at 34.86 on Tuesday. The stock has a market capitalization of $38.69 billion, a P/E ratio of 15.31 and a beta of 1.75. The firm’s 50-day moving average price is $31.03 and its 200 day moving average price is $29.54. Micron Technology has a 52 week low of $16.17 and a 52 week high of $36.60.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Thursday, June 29th. The semiconductor manufacturer reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.25. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.41 billion. Micron Technology had a net margin of 14.66% and a return on equity of 19.05%. Micron Technology’s revenue for the quarter was up 92.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. Analysts expect that Micron Technology will post $4.73 earnings per share for the current year.

MU has been the subject of several recent research reports. Morgan Stanley lifted their price target on Micron Technology from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Goldman Sachs Group Inc restated a “neutral” rating and set a $33.00 target price (up from $30.00) on shares of Micron Technology in a research report on Friday, June 30th. BidaskClub cut Micron Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Citigroup Inc. set a $45.00 target price on Micron Technology and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Micron Technology in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. Micron Technology has a consensus rating of “Buy” and an average price target of $37.89.

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In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $29.35, for a total value of $88,050.00. Following the transaction, the director now directly owns 124,384 shares of the company’s stock, valued at $3,650,670.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott J. Deboer sold 29,500 shares of Micron Technology stock in a transaction on Friday, September 15th. The stock was sold at an average price of $35.00, for a total transaction of $1,032,500.00. Following the completion of the transaction, the executive vice president now directly owns 169,732 shares in the company, valued at $5,940,620. The disclosure for this sale can be found here. Insiders sold 103,077 shares of company stock worth $3,337,692 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Micron Technology Company Profile

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

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