Micron Technology, Inc. (NASDAQ:MU) registered a 1.91% increase, still its new closing price is 156.36% up from the company’s 1 year high of 23.99.It posted 9.15% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 11 buy or better ratings. The 28 stock analysts following this company have an average price target at $26.58, with individual PT in the $11.50-$33.00 range. The shares moved at $23.97, implying that brokerage firms see shares gaining about 142.37% in twelve months time.
Micron Technology, Inc. (MU) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 9.35% rise year to date. A VP Memory Solutions at Micron Technology, Inc. (MU) offloaded shares in a transaction closed on Friday January 06, 2017. Shirley Brian sold 90,580 shares in the company at $22.09 each and collected $2,000,001 in proceeds. Shirley Brian now owns 313,292 shares in the company after this transaction. A VP Technology Development in the company, Deboer Scott J, disclosed a transaction on Thursday December 22, 2016 that ended up generating $1,121,001 from the sale of 48,780 shares at $23 per share.
Micron Technology, Inc. (NASDAQ:MU) Upcoming Results on Tap
Micron Technology, Inc. will next provide financial results for the November 2017 quarter. Stock analysts expect it to report per-share earnings of $0.78 in that period. Sales during the quarter are predicted to arrive at $4.71 billion.
Earnings surprise history: Last quarter, the company posted approximately $3.97 billion in revenue and EPS of $0.32. The mean forecast was for $3.98 billion and $0.28 a share, respectively. One quarter earlier, revenue for the stock was at $3.22 billion, with earnings at $-0.05/share.
Micron Technology, Inc. (MU) Brokerage Update
Micron Technology, Inc. (MU) is in Needham’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Underperform by Needham, according to news reported on Thursday December 22, 2016.Another important research note was issued by Standpoint Research on Wednesday December 07, 2016.The firm upgraded MU to Buy from Hold. Over the last six months and over the last three months, the shares of Micron Technology, Inc. (MU), have changed 73.57% and 35.88%, respectively.