Micron Technology, Inc. (NASDAQ:MU) registered a 2.67% increase, still its new closing price is 139.74% up from the company’s 1 year high of 23.64.It posted -0.71% losses 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 $22.32, implying that brokerage firms see shares gaining about 106.67% 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 1.82% 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 68.84% and 31.37%, respectively.

Micron Technology, Inc. (NASDAQ:MU) on December 21, 2016 announced results of operations for its first quarter of fiscal 2017, which ended December 1, 2016. Revenues for the first quarter of fiscal 2017 were $3.97 billion and were 23 percent higher compared to the fourth quarter of fiscal 2016 and 19 percent higher compared to the first quarter of fiscal 2016.

GAAP Income and Per Share Data – On a GAAP basis, net income attributable to Micron shareholders for the first quarter of fiscal 2017 was $180 million, or $0.16 per diluted share, compared to a net loss of $170 million, or ($0.16) per diluted share, for the fourth quarter of fiscal 2016 and net income of $206 million, or $0.19 per diluted share, for the first quarter of fiscal 2016.

Non-GAAP Income and Per Share Data – On a non-GAAP basis, net income attributable to Micron shareholders for the first quarter of fiscal 2017 was $335 million, or $0.32 per diluted share, compared to a net loss of $9 million, or ($.01) per diluted share, for the fourth quarter of fiscal 2016 and net income of $299 million, or $0.29 per diluted share, for the first quarter of fiscal 2016. For a reconciliation of GAAP to non-GAAP results, see the accompanying financial tables and footnotes.

The increase in the company’s revenues of 23 percent for the first quarter of fiscal 2017 compared to the fourth quarter of fiscal 2016 was due primarily to 18 percent and 26 percent increases in DRAM and trade NAND sales volumes, respectively, and a 5 percent increase in DRAM average selling prices. The company’s overall consolidated GAAP gross margin of 25 percent for the first quarter of fiscal 2017 was 7 percentage points higher compared to the fourth quarter of fiscal 2016 primarily due to manufacturing cost reductions and increases in DRAM average selling prices.

Investments in capital expenditures, net of amounts funded by partners, were $1.18 billion for the first quarter of fiscal 2017. The company ended the first quarter of fiscal 2017 with cash and marketable investments of $4.32 billion.