Micron Technology (MU) Getting Somewhat Positive News Coverage, Analysis Shows

News coverage about Micron Technology (NASDAQ:MU) has been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Micron Technology earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the semiconductor manufacturer an impact score of 46.1744494600427 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

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MU has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. MKM Partners upped their price target on shares of Micron Technology from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Citigroup restated a “buy” rating and set a $55.00 price target (down previously from $60.00) on shares of Micron Technology in a research note on Wednesday, December 20th. JPMorgan Chase upped their price target on shares of Micron Technology to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Finally, Loop Capital upped their price objective on shares of Micron Technology to $56.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. Micron Technology currently has a consensus rating of “Buy” and an average price target of $63.66.

NASDAQ:MU traded down $1.38 during trading hours on Friday, reaching $48.46. 79,260,942 shares of the company were exchanged, compared to its average volume of 72,018,624. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.06 and a current ratio of 2.58. The stock has a market capitalization of $57,802.69, a PE ratio of 10.99, a P/E/G ratio of 0.46 and a beta of 1.33. Micron Technology has a twelve month low of $26.36 and a twelve month high of $63.42.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Thursday, March 22nd. The semiconductor manufacturer reported $2.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.55 by $0.27. The company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.28 billion. Micron Technology had a net margin of 38.68% and a return on equity of 48.27%. The firm’s revenue for the quarter was up 58.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. research analysts forecast that Micron Technology will post 10.85 earnings per share for the current year.

In related news, Director Mercedes Johnson sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $50.50, for a total transaction of $1,262,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert L. Bailey sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $43.17, for a total transaction of $129,510.00. Following the sale, the director now owns 109,921 shares of the company’s stock, valued at $4,745,289.57. The disclosure for this sale can be found here. Insiders sold 61,199 shares of company stock valued at $3,028,117 over the last quarter. Company insiders own 0.53% of the company’s stock.

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Micron Technology Company Profile

Micron Technology, Inc provides semiconductor systems worldwide. The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; lower power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 DRAM and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as for computer memory upgrades; and hybrid memory cube semiconductor memory devices.

Insider Buying and Selling by Quarter for Micron Technology (NASDAQ:MU)

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