Deutsche Bank restated their buy rating on shares of Micron Technology (NASDAQ:MU) in a report issued on Thursday. Deutsche Bank currently has a $55.00 price objective on the semiconductor manufacturer’s stock.

Other equities research analysts have also issued reports about the stock. J P Morgan Chase & Co reaffirmed a buy rating on shares of Micron Technology in a report on Tuesday, August 29th. Credit Suisse Group reaffirmed an outperform rating and set a $50.00 price target (up from $40.00) on shares of Micron Technology in a report on Wednesday, September 27th. Vetr raised shares of Micron Technology from a hold rating to a buy rating and set a $47.30 price target on the stock in a report on Wednesday, November 15th. Citigroup set a $45.00 price target on shares of Micron Technology and gave the company a buy rating in a report on Tuesday, August 29th. Finally, Robert W. Baird reaffirmed an outperform rating and set a $60.00 price target (up from $52.00) on shares of Micron Technology in a report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $48.20.

Micron Technology (NASDAQ MU) traded down $0.40 during trading hours on Thursday, reaching $41.99. 73,077,284 shares of the company were exchanged, compared to its average volume of 29,500,781. Micron Technology has a 1-year low of $18.30 and a 1-year high of $49.89. The company has a market capitalization of $48,430.00, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 0.65 and a beta of 1.78. The company has a current ratio of 2.34, a quick ratio of 1.75 and a debt-to-equity ratio of 0.51.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 26th. The semiconductor manufacturer reported $2.02 EPS for the quarter, beating the consensus estimate of $1.84 by $0.18. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The firm had revenue of $6.14 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same period last year, the firm earned ($0.01) EPS. The business’s quarterly revenue was up 90.8% compared to the same quarter last year. analysts anticipate that Micron Technology will post 7.42 EPS for the current fiscal year.

In other Micron Technology news, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $39.86, for a total transaction of $119,580.00. Following the completion of the sale, the director now owns 114,284 shares in the company, valued at approximately $4,555,360.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steven L. Thorsen, Jr. sold 118,944 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $38.10, for a total transaction of $4,531,766.40. Following the sale, the senior vice president now owns 289,940 shares of the company’s stock, valued at approximately $11,046,714. The disclosure for this sale can be found here. Insiders sold a total of 305,088 shares of company stock valued at $11,728,398 in the last quarter. 0.69% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SevenBridge Financial Group LLC boosted its holdings in shares of Micron Technology by 87.5% in the 3rd quarter. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer’s stock worth $100,000 after buying an additional 1,190 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Micron Technology in the 2nd quarter worth about $107,000. Salem Investment Counselors Inc. boosted its holdings in shares of Micron Technology by 76.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer’s stock worth $115,000 after buying an additional 1,252 shares during the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of Micron Technology by 368.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 3,305 shares of the semiconductor manufacturer’s stock worth $135,000 after buying an additional 2,600 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of Micron Technology in the 2nd quarter worth about $141,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.

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