Micron Technology, Inc. (NASDAQ:MU) Sale Analysis

Micron Technology Inc

Micron Technology, Inc. The firm has a market cap of $45.89 billion, a price-to-earnings ratio of 9.383 and a beta of 1.82. The fund owned 1,585,848 shares of the semiconductor manufacturer's stock after selling 193,486 shares during the quarter. Westfield Capital Management Co. It improved, as 63 investors sold Micron Technology, Inc. shares while 217 reduced holdings. UBS AG restated an "average" rating and set a $36.00 price objective (up from $32.00) on shares of Micron Technology in a research note on Friday, June 30th. Stonebridge Capital Advisors LLC raised its position in shares of Micron Technology by 1.2% in the 2nd quarter.

The PE ration is a market prospect ratio that calculates the market value of a stock relative to its earnings by comparing the market price per share by the earnings per share. Shine Investment Advisory Services Inc. purchased a new stake in shares of Micron Technology during the 2nd quarter worth approximately $141,000. This recommendation lands on a scale between 1 and 5. On Thursday, October 27 the stock rating was maintained by BMO Capital Markets with "Market Perform". Krilogy Financial LLC now owns 4,750 shares of the semiconductor manufacturer's stock worth $142,000 after buying an additional 4,350 shares during the last quarter. Also, Director Robert L. Bailey sold 3,000 shares of Micron Technology stock in a transaction that occurred on Monday, October 2nd.

The return on assets (ROA) (aka return on total assets, return on average assets), is one of the most widely used profitability ratios because it is related to both profit margin and asset turnover, and shows the rate of return for both creditors and investors of the company. Following the transaction, the senior vice president now owns 289,940 shares in the company, valued at $11,046,714. April S. Arnzen, Sr VP disclosed the sale of 1,000 shares. Insiders sold a total of 287,465 shares of company stock worth $10,620,575 in the last ninety days. Moreover, Renaissance Technologies Llc has 0.01% invested in the company for 463,200 shares.

Micron Technology, Inc.is engaged in semiconductor systems. Baystate Wealth Management LLC augmented its ownership by buying 421 shares an increase of 601.4% from 06/30/2017 to 09/30/2017.

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Buffington Mohr Mcneal increased Micron Technology Inc Com (MU) stake by 22.96% reported in 2017Q2 SEC filing. The company rocked its 52-Week High of $42 and touched its 52-Week Low of $16.17.

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In the market the company is trading down by 2.48%% since yesterday's close of 41.61. The firm's 50-day moving average price is $35.35 and its 200-day moving average price is $30.96.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 26th. The analysts estimated EPS for the higher end at 1.9 and lower end at 1.73 while the year ago reported earnings per share was 0.

EPS growth for the next 5 years is 0 percent. Micron Technology's revenue was up 90.8% compared to the same quarter past year.

Micron Technology, Inc. now has a P/E ratio of 9.28 and market cap is 45.40B.

A number of other large investors also recently modified their holdings of MU. Credit Suisse Group reiterated a "buy" rating on shares of Micron Technology in a research report on Sunday, July 2nd. Micron Technology reported earnings per share of $0.32 in the same quarter last year, which indicates a positive year over year growth rate of 571.9%. The rating was maintained by J.P. Morgan with "Buy" on Tuesday, June 20. Analysts set a 12-month price target of $10.25 a share. On September 29 Nomura kept the stock rating at "Buy" but raised the price expectation to $45.00 from $25.00. Presently, it has a Return on Equity (ROE) of 5.00% and Return on Investment (ROI) of 19.30%. The stock has a consensus rating of "Buy" and a consensus target price of $44.41.

Want to see what other hedge funds are holding MU?

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