Micron Technology (MU) PT Raised to $0.00 at Nomura

Share on StockTwits

Micron Technology (NASDAQ:MU) had its price objective raised by investment analysts at Nomura in a report issued on Monday, March 12th. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock.

Other analysts also recently issued reports about the company. Goldman Sachs set a $55.00 price target on Micron Technology and gave the company a “buy” rating in a research report on Thursday, January 11th. Stifel Nicolaus reissued a “buy” rating and set a $75.00 price objective (up from $65.00) on shares of Micron Technology in a report on Wednesday, December 20th. They noted that the move was a valuation call. Cowen increased their price objective on Micron Technology from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, December 20th. BidaskClub raised Micron Technology from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Vetr raised Micron Technology from a “hold” rating to a “buy” rating and set a $50.20 price objective for the company in a report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $63.66.

Shares of MU opened at $48.46 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.58 and a quick ratio of 2.06. The company has a market cap of $61,919.85, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 0.49 and a beta of 1.33. Micron Technology has a 12 month low of $26.36 and a 12 month high of $63.42.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Thursday, March 22nd. The semiconductor manufacturer reported $2.82 EPS for the quarter, beating the Zacks’ consensus estimate of $2.55 by $0.27. The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.28 billion. Micron Technology had a return on equity of 48.27% and a net margin of 38.68%. Micron Technology’s revenue was up 58.2% on a year-over-year basis. During the same period last year, the business posted $0.90 earnings per share. equities research analysts predict that Micron Technology will post 10.85 EPS for the current year.

In related news, Director Mercedes Johnson sold 25,000 shares of Micron Technology stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $50.50, for a total transaction of $1,262,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $43.17, for a total value of $129,510.00. Following the sale, the director now directly owns 109,921 shares of the company’s stock, valued at approximately $4,745,289.57. The disclosure for this sale can be found here. Insiders have sold 61,199 shares of company stock valued at $3,028,117 in the last three months. 0.53% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SevenBridge Financial Group LLC raised its position in Micron Technology by 87.5% during the third quarter. SevenBridge Financial Group LLC now owns 2,550 shares of the semiconductor manufacturer’s stock valued at $100,000 after purchasing an additional 1,190 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Micron Technology by 76.0% in the third quarter. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer’s stock worth $115,000 after buying an additional 1,252 shares during the period. Intrust Bank NA increased its holdings in shares of Micron Technology by 9.0% in the fourth quarter. Intrust Bank NA now owns 15,287 shares of the semiconductor manufacturer’s stock worth $629,000 after buying an additional 1,264 shares during the period. First Republic Investment Management Inc. increased its holdings in shares of Micron Technology by 12.5% in the third quarter. First Republic Investment Management Inc. now owns 11,960 shares of the semiconductor manufacturer’s stock worth $470,000 after buying an additional 1,329 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in shares of Micron Technology by 5.0% in the third quarter. D.A. Davidson & CO. now owns 30,175 shares of the semiconductor manufacturer’s stock worth $1,186,000 after buying an additional 1,425 shares during the period. Institutional investors and hedge funds own 82.49% of the company’s stock.

WARNING: “Micron Technology (MU) PT Raised to $0.00 at Nomura” was originally published by BBNS and is the property of of BBNS. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://baseballnewssource.com/2018/04/07/micron-technology-mu-price-target-raised-to-0-00/2038440.html.

About Micron Technology

Micron Technology, Inc provides semiconductor systems worldwide. The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; lower power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 DRAM and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as for computer memory upgrades; and hybrid memory cube semiconductor memory devices.

Analyst Recommendations for Micron Technology (NASDAQ:MU)

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.