Micron Technology, Inc. (NASDAQ:MU)‘s stock had its “hold” rating reiterated by equities researchers at KeyCorp in a research report issued on Tuesday.
Several other research firms have also recently weighed in on MU. Citigroup Inc. reissued a “buy” rating and set a $45.00 price target on shares of Micron Technology in a report on Tuesday. Goldman Sachs Group, Inc. (The) raised Micron Technology from a “neutral” rating to a “buy” rating in a report on Tuesday. Macquarie reissued an “outperform” rating and set a $38.00 price target on shares of Micron Technology in a report on Tuesday. BidaskClub raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating on shares of Micron Technology in a report on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $36.05.
Shares of Micron Technology (NASDAQ:MU) traded up 2.54% on Tuesday, hitting $34.29. The stock had a trading volume of 38,685,769 shares. The company has a market cap of $38.06 billion, a PE ratio of 15.06 and a beta of 1.75. The stock’s 50-day moving average price is $30.16 and its 200 day moving average price is $29.08. Micron Technology has a 52 week low of $16.17 and a 52 week high of $34.54.
Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Thursday, June 29th. The semiconductor manufacturer reported $1.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.25. The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.41 billion. Micron Technology had a return on equity of 19.05% and a net margin of 14.66%. The business’s revenue was up 92.2% on a year-over-year basis. During the same period last year, the firm posted ($0.08) earnings per share. On average, analysts predict that Micron Technology will post $4.72 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Stock Observer and is the property of of Stock Observer. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.thestockobserver.com/2017/09/12/micron-technologys-mu-hold-rating-reiterated-at-keycorp.html.
In other Micron Technology news, SVP Brian Shirley sold 27,250 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $31.54, for a total transaction of $859,465.00. Following the completion of the sale, the senior vice president now directly owns 292,211 shares of the company’s stock, valued at approximately $9,216,334.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $32.64, for a total value of $97,920.00. Following the sale, the director now directly owns 117,284 shares of the company’s stock, valued at $3,828,149.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,577 shares of company stock worth $1,965,192. 0.69% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of MU. Captrust Financial Advisors bought a new stake in Micron Technology during the 2nd quarter worth approximately $107,000. Guardian Life Insurance Co. of America increased its holdings in Micron Technology by 0.3% during the 1st quarter. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer’s stock worth $116,000 after purchasing an additional 13 shares in the last quarter. First Personal Financial Services increased its holdings in Micron Technology by 96.8% during the 1st quarter. First Personal Financial Services now owns 4,234 shares of the semiconductor manufacturer’s stock worth $122,000 after purchasing an additional 2,083 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Micron Technology during the 2nd quarter worth approximately $141,000. Finally, Krilogy Financial LLC increased its holdings in Micron Technology by 1,087.5% during the 2nd quarter. Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer’s stock worth $142,000 after purchasing an additional 4,350 shares in the last quarter. 79.34% of the stock is owned by hedge funds and other institutional investors.
Micron Technology Company Profile
Receive News & Ratings for Micron Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.