Micron Technology, Inc. (NASDAQ:MU) Sale Analysis

DRAM behind Micron’s 16 Year High Fiscal 4Q17 Earnings

(NASDAQ:MU) for 12,327 shares.

In addition to Barclays Capital reporting its target price, a total of 23 firms have reported on the stock. Inc.'s holdings, making the stock its 5th biggest holding. It improved, as 63 investors sold Micron Technology, Inc. shares while 217 reduced holdings. Wafra Investment Advisory Group Inc. For the quarter, shares have been noted at 33.67%. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer's stock worth $116,000 after acquiring an additional 13 shares in the last quarter. Moreover, Captrust Financial Advsrs has 0.01% invested in Micron Technology, Inc. $1.46M worth of Micron Technology, Inc. IHT Wealth Management LLC acquired a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $1,056,000. Finally, Macquarie restated an "outperform" rating and set a $35.00 price objective on shares of Micron Technology in a research note on Wednesday, June 14th. Tower Research Capital LLC TRC now owns 16,167 shares of the semiconductor manufacturer's stock valued at $483,000 after acquiring an additional 15,341 shares during the period.

In related news, insider Joel L. Poppen sold 80,000 shares of Micron Technology stock in a transaction that occurred on Friday, September 29th. The volume of MU witnessed a shift from 52.03 million shares, based on a 50-day average, to 29.67 million shares. A beta of less than 1 means that the security will be less volatile than the market.

5 year sales growth rate is an important factor for valuation analysis, the industry's and the sector's growth for next 5 years ticked at -2.36 and -8.01 respectively. The disclosure for this sale can be found here. Tightening the gaze, stock performance for the last 5 trading days is 5.18%. Insiders own 0.69% of the company's stock. (NASDAQ:MU). Columbia Partners L L C Mgmt holds 0.35% in Micron Technology, Inc. "Longer-term, MU expects some opportunistic share repurchases to drive shareholder returns", contends Rakesh. "Inc." was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and worldwide copyright legislation. (NASDAQ:MU). Principal Fincl Grp Inc Inc reported 1.59 million shares.

Micron Technology Inc. has a 52 week low of $16.17 and a 52 week high of $42.07 with a P/E ratio of 9.44 The company's market cap is now $0.

The company is so far trading down from yesterday's close of 41.61. Six analysts have made estimates for Micron Technology's earnings, with the highest EPS estimate coming in at $2.20 and the lowest estimate coming in at $2.10. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average. The company has market cap of $46.51 billion.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 26th. In the latest earnings report the EPS was $4.41 and is expected to be $7.55 for the current year with 1,109,000,000 shares now outstanding. Micron Technology had a return on equity of 32.09% and a net margin of 25.04%. The firm had revenue of $6.14 billion for the quarter, compared to analysts' expectations of $5.97 billion. During the same quarter past year, the firm posted ($0.01) EPS. Micron Technology's revenue was up 90.8% compared to the same quarter a year ago.

Covering sell-side analysts have recently weighed in on shares of Micron Technology, Inc. Micron Technology reported earnings per share of $0.32 in the same quarter last year, which indicates a positive year over year growth rate of 571.9%. They set a "market perform" rating and a $43.00 price objective for the company. Remember, just because a stock is cheap doesn't mean you should buy it. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock.

September 27 investment analysts at Morgan Stanley held the company rating at "Overweight" but raised the price target to $39.00 from $23.00. Oregon Pub Employees Retirement Fund holds 0.36% of its portfolio in Micron Technology, Inc.

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