Insider Trading at Micron Technology Inc.?

Micron Technology Inc

The correct version of this piece of content can be read at (NASDAQ:MU) is at 64.27. Stock's minimum price target estimates has been figured out at $27 while the maximum price target forecast is established at $60, if we look at the price target with an optimistic approach it has upside potential of 108% from its latest closing price of $28.90. Vetr cut Micron Technology from a "strong-buy" rating to a "buy" rating and set a $28.55 price target for the a research note on Monday, March 13th.

03/24/2017 - Micron Technology, Inc. had its "buy" rating reiterated by analysts at Needham & Company. Credit Suisse Group AG boosted their target price on shares of Micron Technology from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, March 22nd. Finally, Susquehanna Bancshares Inc reissued a positive rating and issued a $23.00 price target (up from $21.00) on shares of Micron Technology in a research report on Wednesday, November 30th. Micron Technology, Inc. was covered by a number of analysts recently, 8 rated the stock as Strong Buy, 17 rated Buy, 2 rated Hold, 0 rated sell and 0 gave an Underperform.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms.

Shares of Micron Technology (NASDAQ:MU) opened at 28.90 on Tuesday.

Several sell side analysts reviewed their recommendations on Micron Technology, Inc. The share price has moved forward from its 20 days moving average 9.16% and positively from its 50 days moving average 16.52%.

Micron Technology Inc. has a 52 week low of $9.35 and a 52 week high of $29.87 with a P/E ratio of 45.02 The company's market cap is now $0.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Thursday, March 23rd. (MU) reported its Actual EPS of $0.9/share. The Return on Equity (ROE) value stands at 5.4%. The firm's revenue for the quarter was up 58.4% compared to the same quarter past year. During the same quarter in the prior year, the business earned $0.01 earnings per share. The last session's volume of 3.17 million shares was lower than its average volume of 4.59 million shares.

Now the P/E of Micron Technology, Inc. stands at 50.69. "(MU) Earns "Buy" Rating from MKM Partners" was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another site, it was stolen and reposted in violation of worldwide copyright & trademark legislation.

On Wednesday, February 15th, Brian Shirley sold 27,250 shares of Micron Technology stock. The shares were sold at an average price of $24.64, for a total transaction of $3,104,640.00. Bronfman E.L. Rothschild L.P. now owns 6,116 shares of the semiconductor manufacturer's stock worth $109,000 after buying an additional 433 shares during the last quarter. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

On Friday, January 6th, Brian Shirley sold 90,580 shares of Micron Technology stock. Micron Technology, Inc. (NASDAQ:MU)'s shares are now trading -3.25% away from the 52-week high price of $29.87 and +209.09% far from the 52-week low price of $9.35. Following the transaction, the vice president now directly owns 57,792 shares in the company, valued at approximately $1,673,078.40. The stock touched its high share price of $29.87 on Mar 24, 2017 and the stock also touched its Lowest price in the last 52-weeks of trading on May 12, 2016 as $9.35. Investors measure stock performance on the basis of a company's earnings power. Institutional investors and hedge funds own 81.43% of the company's stock. Brick & Kyle Associates boosted its stake in shares of Micron Technology by 0.5% in the third quarter. Norges Bank bought a new position in Micron Technology during the fourth quarter worth $217,749,000. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Micron Technology by 1.4% in the third quarter. LLC now owns 8,967 shares of the semiconductor manufacturer's stock worth $159,000 after buying an additional 4,615 shares during the last quarter. Schroder Investment Management Group acquired a new stake in Micron Technology during the third quarter worth approximately $72,061,000.



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