A number of other analysts have also weighed in on MU.
Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Thursday, June 29th. Guardian Life Insurance Co. of America now owns 4,004 shares of the semiconductor manufacturer's stock valued at $116,000 after buying an additional 13 shares during the period. Winslow Evans & Crocker Inc. now owns 21,400 shares of the semiconductor manufacturer's stock worth $618,000 after buying an additional 100 shares during the period. Geode Capital Management LLC boosted its position in shares of Micron Technology by 11.4% in the first quarter. The share price as presented is an accounting quirk resulting from the total outstanding shares a company's board of directors has permitted to exist through its use of things such as stock splits. Washington Trust Bank increased its stake in Micron Technology by 1.5% in the first quarter. First Personal Financial Services now owns 4,234 shares of the semiconductor manufacturer's stock valued at $122,000 after buying an additional 2,083 shares during the last quarter. Finally, Coconut Grove Bank raised its stake in shares of Micron Technology by 1,422.5% in the first quarter. The fund owned 334,015 shares of the semiconductor manufacturer's stock after buying an additional 9,375 shares during the period. Institutional investors and hedge funds own 80.44% of the company's stock. New York-based New York State Teachers Retirement System has invested 0.1% in Micron Technology, Inc. MU's value Change from Open was at 0.25% with a Gap of -1.14%. (MU)'s latest closing price distance was at 12.44% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -6.98% and -5.21% compared with the 20 Day Moving Average.
"The Micron 9200 Series of NVMe SSDs are specially designed to deliver the blazing fast speeds, low-latency, and high-capacity needed to handle massive files, images and multimedia assets created by recently's complex application workloads", said Eric Endebrock, vice president SSD and Systems, Storage Business Unit, Micron Technology, Inc. The firm has a market capitalization of $31.72 billion, a PE ratio of 12.55 and a beta of 1.76.
Micron Technology, Inc. (NASDAQ:MU) yearly performance is 97.38% and net profit margin is 14.70%. The semiconductor manufacturer reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.25. The firm had revenue of $5.57 billion for the quarter, compared to analysts' expectations of $5.41 billion. Micron Technology's revenue was up 92.2% on a year-over-year basis. The Sumitomo Mitsui Trust Holdings Inc holds 3.53 million shares with $77.36M value, up from 3.15M last quarter. On average, analysts forecast that Micron Technology, Inc. will post $4.71 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: "Shine Investment Advisory Services Inc". Invests $141,000 in Micron Technology, Inc.
COPYRIGHT VIOLATION WARNING: This report was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another website, it was illegally copied and reposted in violation of USA and global trademark & copyright legislation. Micron Technology Inc now has $31.96 billion valuation.
Several research firms have recently issued reports on MU. UBS AG reaffirmed an "average" rating and issued a $36.00 price target (up from $32.00) on shares of Micron Technology in a report on Friday, June 30th. Credit Suisse Group reiterated a buy rating on shares of Micron Technology in a report on Sunday, July 2nd. Hain Celestial Group Inc (NASDAQ:HAIN) was reduced too. BidaskClub raised shares of Micron Technology from a hold rating to a buy rating in a research note on Thursday, July 13th. BMO Capital Markets reissued a hold rating on shares of Micron Technology in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company's stock. 1,000 shares were sold by ARNZEN APRIL S, worth $30,750 on Thursday, June 1. The shares were sold at an average price of $30.12, for a total transaction of $30,120.00. (MU) now has a value of $28.58 while the company's 52 week low is at $14.03, the shares dropped to the 52 week low on 08/11/16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
In other news, VP Scott J. Deboer sold 10,000 shares of Micron Technology stock in a transaction dated Wednesday, June 7th. Harber Asset Management Llc sold 82,854 shares as Shoretel Inc (SHOR)'s stock declined 11.68%. Following the completion of the transaction, the vice president now directly owns 150,232 shares in the company, valued at approximately $4,807,424. The disclosure for this sale can be found here.
The volume of the particular stock is the shares bought and sold in a single trading day.