Micron Technology, Inc. (NASDAQ:MU) Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $42.73, for a total transaction of $128,190.00. Following the sale, the director now directly owns 113,585 shares of the company’s stock, valued at approximately $4,853,487.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Micron Technology, Inc. (MU) traded down $1.08 on Friday, hitting $45.80. 47,380,000 shares of the stock were exchanged, compared to its average volume of 44,620,000. The stock has a market capitalization of $52,960.00, a price-to-earnings ratio of 7.21, a PEG ratio of 0.47 and a beta of 1.75. The company has a quick ratio of 1.83, a current ratio of 2.39 and a debt-to-equity ratio of 0.33. Micron Technology, Inc. has a 12-month low of $21.49 and a 12-month high of $49.89.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.60. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s quarterly revenue was up 71.4% compared to the same quarter last year. equities research analysts forecast that Micron Technology, Inc. will post 9.78 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of MU. SevenBridge Financial Group LLC boosted its holdings in Micron Technology by 87.5% in the third quarter. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer’s stock valued at $100,000 after purchasing an additional 1,190 shares during the last quarter. Captrust Financial Advisors purchased a new stake in Micron Technology in the second quarter valued at $107,000. Salem Investment Counselors Inc. boosted its holdings in Micron Technology by 76.0% in the third quarter. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer’s stock valued at $115,000 after purchasing an additional 1,252 shares during the last quarter. Jacobi Capital Management LLC boosted its holdings in Micron Technology by 368.8% in the third quarter. Jacobi Capital Management LLC now owns 3,305 shares of the semiconductor manufacturer’s stock valued at $135,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Krilogy Financial LLC boosted its holdings in Micron Technology by 1,087.5% in the second quarter. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer’s stock valued at $142,000 after purchasing an additional 4,350 shares during the last quarter. 80.82% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on MU shares. Vetr downgraded shares of Micron Technology from a “buy” rating to a “hold” rating and set a $47.81 price objective for the company. in a research note on Friday, November 17th. Morgan Stanley boosted their price objective on shares of Micron Technology from $39.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, November 27th. ValuEngine downgraded shares of Micron Technology from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Deutsche Bank reaffirmed a “buy” rating and set a $50.00 price target on shares of Micron Technology in a research report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on Micron Technology from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.33.

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

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