The stock's price fluctuated within the range of $28.35 - $28.85 during previous trading session. Micron Technology, Inc. P/E (price to earnings) ratio is 47.24 and Forward P/E ratio of 5.21. They set a "hold" rating and a $25.00 price target for the company. (MU) in which Deutsche Bank Reiterates Micron Technology, Inc. Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
MICRON TECHNOLOGY, INC. (MU) has earning per share estimates attains special attention, as for Quarter Ending Feb-17, 21 analysts believe firm will have $4,650.59 earning for each share, but few analysts change their estimates for Quarter Ending May-17 to $5,393.61. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -3.28% where SMA50 and SMA200 are 4.03% and 36.05% respectively. However a year ago during same quarter Micron Technology, Inc. The monthly performance for Micron Technology, Inc.is 12.77% that leads to 172.31% in its yearly performance.
Micron Technology (NASDAQ:MU) last released its earnings results on Thursday, March 23rd. The company reported the earnings of $0.9/Share in the last quarter where the estimated EPS by analysts was $0.86/share. The value of the Market cap relatively ensures a stable and secure position for the company, and can be easily considered a blue chip in today's market.
Micron Technology, Inc. (MU) is now showing its ROA (Return on Assets) of 2.4%. The firm's revenue was up 58.4% compared to the same quarter a year ago. During the same period in the prior year, the firm posted $0.01 EPS.
Currently, the market capitalization of Micron Technology, Inc.
WARNING: "Micron Technology's (MU) Outperform Rating Reiterated at Cowen and Company" was originally reported by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another website, it was copied illegally and reposted in violation of USA and global trademark and copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/04/13/micron-technology-inc-mu-rating-reiterated-by-pacific-crest-updated.html. The stock was sold at an average price of $24.64, for a total transaction of $3,104,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
In other news, VP Steven L. Thorsen, Jr. sold 126,000 shares of the business's stock in a transaction dated Thursday, February 9th. Following the completion of the transaction, the vice president now directly owns 340,542 shares in the company, valued at $7,873,331.04. The disclosure for this sale can be found here. The lowest price the stock reached on Monday was $4.12 and compares with the $2.6 52-week low. Corporate insiders own 0.69% of the company's stock. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 1.90. It would take about 1.72 days to cover all short positions. Rothschild Investment Corp IL now owns 11,159 shares of the semiconductor manufacturer's stock worth $198,000 after buying an additional 139 shares during the last quarter.
In the last Quarter, Micron Technology, Inc. The stock spiked 9.77% last month and is up 26.09 this year. Meeder Asset Management Inc. raised its position in shares of Micron Technology by 341.5% in the third quarter. Boston Advisors LLC increased its position in Micron Technology by 46.3% in the third quarter. Brown Advisory Inc. now owns 41,565 shares of the semiconductor manufacturer's stock worth $911,000 after buying an additional 348 shares during the last quarter. LLC boosted its position in Micron Technology by 106.0% in the third quarter.