Micron Expertise (NASDAQ:MU) Points This fall Earnings Steering


Micron Expertise (NASDAQ:MU – Get Free Report) up to date its fourth quarter earnings steerage on Wednesday. The corporate offered earnings per share steerage of $1.00-1.16 for the interval, in comparison with the consensus earnings per share estimate of $1.02. The corporate issued income steerage of $7.40-7.80 billion, in comparison with the consensus income estimate of $7.59 billion. Micron Expertise additionally up to date its This fall 2024 steerage to 1.000-1.160 EPS.

Analysts Set New Worth Targets

A number of analysts have not too long ago commented on the inventory. The Goldman Sachs Group raised their value goal on shares of Micron Expertise from $138.00 to $158.00 and gave the inventory a purchase score in a analysis report on Thursday. Mizuho lifted their value goal on shares of Micron Expertise from $150.00 to $155.00 and gave the corporate a purchase score in a analysis report on Friday, Might thirty first. Raymond James lifted their value goal on shares of Micron Expertise from $130.00 to $160.00 and gave the corporate an outperform score in a analysis report on Friday, June twenty first. Piper Sandler lifted their value goal on shares of Micron Expertise from $130.00 to $150.00 and gave the corporate an obese score in a analysis report on Thursday. Lastly, Financial institution of America lifted their value goal on shares of Micron Expertise from $144.00 to $170.00 and gave the corporate a purchase score in a analysis report on Monday, June seventeenth. Two funding analysts have rated the inventory with a maintain score and twenty-five have issued a purchase score to the inventory. Based mostly on information from MarketBeat.com, Micron Expertise presently has a consensus score of Reasonable Purchase and a median value goal of $158.52.

Get Our Newest Inventory Evaluation on Micron Expertise

Micron Expertise Buying and selling Down 0.5 %

MU inventory opened at $131.53 on Friday. The corporate has a fast ratio of two.40, a present ratio of three.41 and a debt-to-equity ratio of 0.29. Micron Expertise has a twelve month low of $60.50 and a twelve month excessive of $157.54. The inventory has a 50-day easy shifting common of $128.07 and a two-hundred day easy shifting common of $106.08.

Micron Expertise (NASDAQ:MU – Get Free Report) final posted its earnings outcomes on Wednesday, June twenty sixth. The semiconductor producer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The enterprise had income of $6.81 billion throughout the quarter, in comparison with analyst estimates of $6.67 billion. Micron Expertise had a unfavourable return on fairness of 4.01% and a unfavourable internet margin of seven.20%. The corporate’s quarterly income was up 81.5% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the agency earned ($1.57) EPS. As a bunch, sell-side analysts predict that Micron Expertise will publish 0.36 EPS for the present yr.

Micron Expertise Dividend Announcement

The agency additionally not too long ago disclosed a quarterly dividend, which will likely be paid on Tuesday, July twenty third. Traders of document on Monday, July eighth will likely be issued a $0.115 dividend. The ex-dividend date is Monday, July eighth. This represents a $0.46 annualized dividend and a yield of 0.35%. Micron Expertise’s payout ratio is -32.39%.

Insider Shopping for and Promoting

In different Micron Expertise information, EVP Manish H. Bhatia offered 53,317 shares of the agency’s inventory in a transaction dated Monday, Might sixth. The inventory was offered at a median value of $119.18, for a complete worth of $6,354,320.06. Following the transaction, the manager vice chairman now instantly owns 319,119 shares of the corporate’s inventory, valued at $38,032,602.42. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is obtainable on the SEC web site. In different Micron Expertise information, EVP Manish H. Bhatia offered 53,317 shares of Micron Expertise inventory in a transaction that occurred on Monday, Might sixth. The inventory was offered at a median value of $119.18, for a complete worth of $6,354,320.06. Following the sale, the manager vice chairman now owns 319,119 shares of the corporate’s inventory, valued at roughly $38,032,602.42. The transaction was disclosed in a submitting with the SEC, which is accessible by means of this hyperlink. Additionally, EVP Scott J. Deboer offered 40,000 shares of Micron Expertise inventory in a transaction that occurred on Wednesday, Might 1st. The inventory was offered at a median value of $110.31, for a complete worth of $4,412,400.00. Following the completion of the sale, the manager vice chairman now instantly owns 158,617 shares within the firm, valued at roughly $17,497,041.27. The disclosure for this sale may be discovered right here. Within the final ninety days, insiders offered 304,840 shares of firm inventory value $37,961,924. 0.32% of the inventory is owned by company insiders.

Micron Expertise Firm Profile

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

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Earnings History and Estimates for Micron Technology (NASDAQ:MU)



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