Micron Know-how (NASDAQ:MU) Inventory Value Down 2.8%


Micron Know-how, Inc. (NASDAQ:MU – Get Free Report) shares had been down 2.8% on Thursday . The corporate traded as little as $148.04 and final traded at $149.09. Roughly 14,312,017 shares modified palms throughout mid-day buying and selling, a decline of 26% from the common each day quantity of 19,211,539 shares. The inventory had beforehand closed at $153.45.

Analyst Upgrades and Downgrades

A number of equities analysts have not too long ago issued reviews on MU shares. Susquehanna lifted their goal worth on shares of Micron Know-how from $143.00 to $185.00 and gave the corporate a “constructive” ranking in a report on Monday, June seventeenth. JPMorgan Chase & Co. lifted their worth goal on Micron Know-how from $105.00 to $130.00 and gave the corporate an “chubby” ranking in a analysis notice on Thursday, March twenty first. Mizuho elevated their goal worth on Micron Know-how from $150.00 to $155.00 and gave the inventory a “purchase” ranking in a analysis notice on Friday, Might thirty first. Barclays lifted their worth goal on Micron Know-how from $120.00 to $145.00 and gave the inventory an “chubby” ranking in a analysis report on Monday, Might thirteenth. Lastly, Fox Advisors raised shares of Micron Know-how from an “equal weight” ranking to an “chubby” ranking in a analysis report on Thursday, March twenty first. Two funding analysts have rated the inventory with a maintain ranking and twenty-five have issued a purchase ranking to the inventory. In accordance with knowledge from MarketBeat, Micron Know-how has a median ranking of “Average Purchase” and a median goal worth of $147.32.

Learn Our Newest Evaluation on Micron Know-how

Micron Know-how Value Efficiency

The corporate has a debt-to-equity ratio of 0.30, a present ratio of three.74 and a fast ratio of two.40. The corporate has a market capitalization of $154.52 billion, a P/E ratio of -40.45 and a beta of 1.21. The agency’s 50-day transferring common is $125.90 and its 200-day transferring common is $103.91.

Micron Know-how (NASDAQ:MU – Get Free Report) final issued its quarterly earnings knowledge on Wednesday, March twentieth. The semiconductor producer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.69. Micron Know-how had a unfavourable internet margin of 20.57% and a unfavourable return on fairness of 8.98%. The agency had income of $5.82 billion through the quarter, in comparison with the consensus estimate of $5.35 billion. Throughout the identical quarter within the earlier 12 months, the agency posted ($2.03) EPS. The corporate’s income for the quarter was up 57.7% in comparison with the identical quarter final 12 months. Analysts predict that Micron Know-how, Inc. will publish 0.39 EPS for the present fiscal 12 months.

Insider Shopping for and Promoting at Micron Know-how

In different information, EVP Sumit Sadana offered 13,239 shares of Micron Know-how inventory in a transaction dated Thursday, Might ninth. The inventory was offered at a median worth of $118.77, for a complete transaction of $1,572,396.03. Following the transaction, the manager vp now immediately owns 260,857 shares of the corporate’s inventory, valued at roughly $30,981,985.89. The transaction was disclosed in a authorized submitting with the SEC, which will be accessed by this hyperlink. In associated information, CEO Sanjay Mehrotra offered 45,000 shares of the inventory in a transaction dated Monday, March twenty fifth. The inventory was offered at a median worth of $120.00, for a complete transaction of $5,400,000.00. Following the completion of the sale, the chief government officer now owns 743,557 shares within the firm, valued at $89,226,840. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by the SEC web site. Additionally, EVP Sumit Sadana offered 13,239 shares of Micron Know-how inventory in a transaction that occurred on Thursday, Might ninth. The shares had been offered at a median worth of $118.77, for a complete worth of $1,572,396.03. Following the sale, the manager vp now immediately owns 260,857 shares within the firm, valued at roughly $30,981,985.89. The disclosure for this sale will be discovered right here. Over the past quarter, insiders offered 320,446 shares of firm inventory valued at $38,724,533. Firm insiders personal 0.32% of the corporate’s inventory.

Institutional Buyers Weigh In On Micron Know-how

A number of institutional traders and hedge funds have not too long ago modified their holdings of the inventory. Rathbones Group PLC bought a brand new stake in Micron Know-how within the third quarter value $334,000. V Sq. Quantitative Administration LLC purchased a brand new stake in shares of Micron Know-how within the third quarter value about $198,000. Mariner LLC lifted its place in shares of Micron Know-how by 8.8% within the third quarter. Mariner LLC now owns 177,720 shares of the semiconductor producer’s inventory value $12,091,000 after shopping for a further 14,405 shares within the final quarter. Cary Avenue Companions Funding Advisory LLC boosted its stake in Micron Know-how by 52.7% through the third quarter. Cary Avenue Companions Funding Advisory LLC now owns 2,951 shares of the semiconductor producer’s inventory valued at $201,000 after shopping for a further 1,018 shares over the last quarter. Lastly, Meiji Yasuda Asset Administration Co Ltd. grew its holdings in Micron Know-how by 10.9% through the third quarter. Meiji Yasuda Asset Administration Co Ltd. now owns 16,196 shares of the semiconductor producer’s inventory valued at $1,102,000 after shopping for a further 1,598 shares within the final quarter. Institutional traders personal 80.84% of the corporate’s inventory.

About Micron Know-how

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Micron Know-how, Inc designs, develops, manufactures, and sells reminiscence and storage merchandise worldwide. The corporate operates by 4 segments: Compute and Networking Enterprise Unit, Cell Enterprise Unit, Embedded Enterprise Unit, and Storage Enterprise Unit. It gives reminiscence and storage applied sciences comprising dynamic random entry reminiscence semiconductor gadgets with low latency that present high-speed knowledge retrieval; non-volatile and re-writeable semiconductor storage gadgets; and non-volatile re-writable semiconductor reminiscence gadgets that present quick learn speeds below the Micron and Essential manufacturers, in addition to by personal labels.

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