Micron Technology (NASDAQ:MU) PT Raised to $80.00

Micron Technology (NASDAQ:MU) had its price target hoisted by research analysts at Evercore ISI from $60.00 to $80.00 in a research report issued to clients and investors on Monday, March 12th. The firm currently has an “outperform” rating on the semiconductor manufacturer’s stock. Evercore ISI’s price objective would suggest a potential upside of 65.08% from the company’s current price.

A number of other analysts also recently commented on the company. Nomura increased their price target on Micron Technology and gave the company a “buy” rating in a research report on Monday, March 12th. Vetr raised Micron Technology from a “hold” rating to a “buy” rating and set a $56.88 price objective for the company in a report on Monday, March 12th. Zacks Investment Research raised Micron Technology from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Thursday, March 8th. KeyCorp increased their price objective on Micron Technology from $53.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, March 8th. Finally, BidaskClub raised Micron Technology from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Two 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 issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $63.66.

How to Become a New Pot Stock Millionaire

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 Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $43.17, for a total transaction of $129,510.00. Following the completion of the sale, the director now owns 109,921 shares of the company’s stock, valued at $4,745,289.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mercedes Johnson sold 25,000 shares of Micron Technology stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $50.50, for a total value of $1,262,500.00. 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 large investors have recently bought and sold shares of MU. 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. raised its position in Micron Technology by 76.0% during the third quarter. Salem Investment Counselors Inc. now owns 2,900 shares of the semiconductor manufacturer’s stock valued at $115,000 after purchasing an additional 1,252 shares in the last quarter. Intrust Bank NA raised its position in Micron Technology by 9.0% during the fourth quarter. Intrust Bank NA now owns 15,287 shares of the semiconductor manufacturer’s stock valued at $629,000 after purchasing an additional 1,264 shares in the last quarter. First Republic Investment Management Inc. raised its position in Micron Technology by 12.5% during the third quarter. First Republic Investment Management Inc. now owns 11,960 shares of the semiconductor manufacturer’s stock valued at $470,000 after purchasing an additional 1,329 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in Micron Technology by 5.0% during the third quarter. D.A. Davidson & CO. now owns 30,175 shares of the semiconductor manufacturer’s stock valued at $1,186,000 after purchasing an additional 1,425 shares in the last quarter. 82.49% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Micron Technology (NASDAQ:MU) PT Raised to $80.00” was posted by BBNS and is owned by of BBNS. If you are viewing this news story on another domain, it was stolen and republished in violation of US and international copyright laws. The correct version of this news story can be accessed at https://baseballnewssource.com/2018/04/07/micron-technology-mu-price-target-raised-to-80-00/2038437.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

Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL
Ohtani Goes Deep in Third Straight Game for Angels
Ohtani Goes Deep in Third Straight Game for Angels


Leave a Reply

 
© 2006-2018 BBNS.