News articles about Micron Technology (NASDAQ:MU) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Micron Technology earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media coverage about the semiconductor manufacturer an impact score of 45.983207341756 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Analysts Expect Micron Technology, Inc. (MU) Will Announce Quarterly Sales of $7.27 Billion (americanbankingnews.com)
- Insider Selling: Micron Technology, Inc. (MU) SVP Sells 1,222 Shares of Stock (americanbankingnews.com)
- Billionaire Noam Gottesman Heavily Steps Up in Advanced Micro Devices, Inc. (AMD), Kicks Out Micron Technology, Inc. (MU) (smarteranalyst.com)
- Inflation Scares Overblown! Grab 5 Growth Stocks Now (finance.yahoo.com)
- Micron’s Breakout Seen Boosting Stock By 15% (finance.yahoo.com)
Shares of Micron Technology (NASDAQ MU) traded up $0.71 during mid-day trading on Friday, reaching $44.21. The company’s stock had a trading volume of 48,776,595 shares, compared to its average volume of 41,910,000. The company has a market capitalization of $51,120.00, a P/E ratio of 6.96, a P/E/G ratio of 0.44 and a beta of 1.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.83 and a current ratio of 2.39. Micron Technology has a 1-year low of $22.64 and a 1-year high of $49.89.
Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, December 19th. The semiconductor manufacturer reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.60. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.43 billion. Micron Technology had a return on equity of 41.87% and a net margin of 32.77%. The company’s quarterly revenue was up 71.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. research analysts predict that Micron Technology will post 10.12 EPS for the current year.
A number of analysts have recently commented on the company. Goldman Sachs Group set a $55.00 price target on Micron Technology and gave the company a “buy” rating in a research note on Wednesday, February 7th. Mizuho reissued a “buy” rating and set a $55.00 price target (up from $50.00) on shares of Micron Technology in a research note on Tuesday, February 6th. Morgan Stanley lowered their price objective on Micron Technology from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Needham & Company LLC upgraded Micron Technology from a “buy” rating to a “strong-buy” rating and set a $76.00 price objective for the company in a research report on Tuesday, February 6th. Finally, UBS Group downgraded Micron Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.80.
In other news, Director Robert L. Bailey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $41.38, for a total transaction of $124,140.00. Following the completion of the sale, the director now owns 116,699 shares in the company, valued at $4,829,004.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Steven L. Thorsen, Jr. sold 60,921 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $42.40, for a total value of $2,583,050.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,692 shares of company stock valued at $7,473,967. Corporate insiders own 0.53% of the company’s stock.
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Micron Technology Company Profile
Micron Technology, Inc is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.
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