News headlines about Micron Technology (NASDAQ:MU) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Micron Technology earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the semiconductor manufacturer an impact score of 46.1309302630103 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- UPDATE 2-Micron Technology profit beats on soaring memory chip demand (feeds.reuters.com)
- Earnings Results: Micron earnings and outlook beat, chip maker plans to increase production space (marketwatch.com)
- Micron Technology (MU) Posts Quarterly Earnings Results, Beats Estimates By $0.27 EPS (americanbankingnews.com)
- Micron Technology (MU) Updates Q3 Earnings Guidance (americanbankingnews.com)
- Pre-Market Most Active for Mar 22, 2018 : TVIX, QQQ, FB, MU, NOK, ARNA, BAC, BABA, SQQQ, DB, MFGP, SBGL – Nasdaq (nasdaq.com)
Micron Technology stock traded down $2.10 during midday trading on Thursday, hitting $58.97. 73,915,561 shares of the company were exchanged, compared to its average volume of 50,532,207. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.39 and a quick ratio of 1.83. Micron Technology has a twelve month low of $26.04 and a twelve month high of $63.42. The company has a market cap of $70,708.66, a P/E ratio of 9.29, a P/E/G ratio of 0.59 and a beta of 1.46.
Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, March 21st. The semiconductor manufacturer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.27. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. The business had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the previous year, the firm earned $0.90 EPS. The business’s revenue for the quarter was up 58.2% on a year-over-year basis. analysts forecast that Micron Technology will post 10.41 EPS for the current year.
A number of research analysts have issued reports on the stock. BMO Capital Markets boosted their target price on shares of Micron Technology from $43.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday. Credit Suisse Group boosted their target price on shares of Micron Technology from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday. Susquehanna Bancshares boosted their target price on shares of Micron Technology to $80.00 and gave the company a “positive” rating in a research note on Monday. Deutsche Bank boosted their target price on shares of Micron Technology from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday. Finally, Vetr raised shares of Micron Technology from a “hold” rating to a “buy” rating and set a $61.52 target price for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. Micron Technology presently has an average rating of “Buy” and an average price target of $60.18.
In other news, EVP Scott J. Deboer sold 14,750 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $43.28, for a total transaction of $638,380.00. Following the sale, the executive vice president now owns 134,854 shares in the company, valued at $5,836,481.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steven L. Thorsen, Jr. sold 60,921 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $42.40, for a total transaction of $2,583,050.40. The disclosure for this sale can be found here. Insiders have sold 175,224 shares of company stock worth $7,525,640 in the last 90 days. 0.53% of the stock is owned by company insiders.
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Micron Technology Company Profile
Micron Technology, Inc is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.
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