Several other equities analysts also recently commented on the company. Global X Management Co. They now have a $35.00 price objective on the semiconductor manufacturer's stock. Brick & Kyle Associates increased its position in Micron Technology by 0.5% in the third quarter. Capstone Asset Management Co. raised its position in shares of Micron Technology by 2.7% in the third quarter.
03/24/2017 - Micron Technology, Inc. had its "positive" rating reiterated by analysts at Susquehanna. The stock, after opening at $28.45, closed at $27.64 by scoring -3.09%. Penserra Capital Management LLC boosted its position in Micron Technology by 99.8% in the third quarter. Company insiders own 0.69% of the company's stock. (NASDAQ:MU). Out of rating recommendations 11 have given the stock a Buy while 16 recommend the stock as Outperform. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 4.65%.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, MU earned gross profit of 5.44 Billion, in 2015 5.22 Billion gross profit, while in 2016 Micron Technology, Inc. Micron Technology also was the target of unusually large options trading on Tuesday. This is an increase of approximately 105% compared to the typical volume of 14,897 put options. (NASDAQ:MU) opened at 26.69 on Thursday. The difference between the expected and actual EPS was $0.04/share, which represents an Earnings surprise of 4.7%. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.65 billion.
Micron Technology, Inc. (MU) is now showing its ROA (Return on Assets) of 2.4%. Over the trailing year, the stock is outperforming the S&P 500 by 15.19, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. The company has grown 4.78% in past 3 months and in the last five trades has moved down -0.91%.
With the amassed value of the company based on its existing stock price alongside the total amount of outstanding stocks, today's market cap for Micron Technology, Inc.is valued at 31148.86.
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The share price of the company (NASDAQ:MU) was down -1.15% during the last trading session, with a high of 28.91 and the volume of Micron Technology, Inc. shares traded was 22394883.
The target price for Micron Technology, Inc.
04/04/2017 - Micron Technology, Inc. had its "sector perform" rating reiterated by analysts at Pacific Crest. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. Micron Technology has a consensus rating of "Buy" and a consensus target price of $30.79.
In other news, VP Steven L. Thorsen, Jr. sold 126,000 shares of the business's stock in a transaction dated Thursday, February 9th. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brian Shirley sold 27,250 shares of the firm's stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $23.12, for a total value of $630,020.00. The disclosure for this sale can be found here. The Company has 52-week high of $29.87 and 52-week low of $9.35.