Micron Technology, Inc. (NASDAQ:MU - Get Free Report) CEO Sanjay Mehrotra sold 7,000 shares of Micron Technology stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $114.87, for a total transaction of $804,090.00. Following the transaction, the chief executive officer now owns 719,049 shares in the company, valued at approximately $82,597,158.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Sanjay Mehrotra also recently made the following trade(s):
- On Tuesday, April 23rd, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The shares were sold at an average price of $111.93, for a total transaction of $783,510.00.
- On Tuesday, April 16th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The shares were sold at an average price of $120.70, for a total transaction of $844,900.00.
- On Tuesday, April 9th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The stock was sold at an average price of $122.60, for a total transaction of $858,200.00.
- On Thursday, April 4th, Sanjay Mehrotra sold 45,000 shares of Micron Technology stock. The stock was sold at an average price of $130.00, for a total transaction of $5,850,000.00.
- On Tuesday, April 2nd, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The shares were sold at an average price of $122.09, for a total transaction of $854,630.00.
- On Monday, March 25th, Sanjay Mehrotra sold 45,000 shares of Micron Technology stock. The shares were sold at an average price of $120.00, for a total transaction of $5,400,000.00.
- On Thursday, March 21st, Sanjay Mehrotra sold 45,000 shares of Micron Technology stock. The shares were sold at an average price of $113.38, for a total transaction of $5,102,100.00.
- On Tuesday, March 19th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The stock was sold at an average price of $93.08, for a total transaction of $651,560.00.
- On Tuesday, March 12th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The shares were sold at an average price of $95.64, for a total transaction of $669,480.00.
- On Friday, March 8th, Sanjay Mehrotra sold 45,000 shares of Micron Technology stock. The stock was sold at an average price of $100.00, for a total transaction of $4,500,000.00.
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Shares of MU stock opened at $112.33 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.40 and a current ratio of 3.74. The stock has a market capitalization of $124.39 billion, a P/E ratio of -32.56 and a beta of 1.27. The company has a 50 day moving average price of $108.38 and a 200 day moving average price of $89.36. Micron Technology, Inc. has a fifty-two week low of $59.55 and a fifty-two week high of $130.54.
Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, March 20th. The semiconductor manufacturer reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of ($0.27) by $0.69. The firm had revenue of $5.82 billion during the quarter, compared to analysts' expectations of $5.35 billion. Micron Technology had a negative net margin of 20.57% and a negative return on equity of 8.98%. The business's quarterly revenue was up 57.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.03) earnings per share. Equities research analysts predict that Micron Technology, Inc. will post 0.24 EPS for the current fiscal year.
Micron Technology Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.41%. The ex-dividend date was Thursday, March 28th. Micron Technology's dividend payout ratio (DPR) is presently -13.33%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DecisionPoint Financial LLC acquired a new position in Micron Technology during the 1st quarter worth approximately $25,000. Valued Wealth Advisors LLC boosted its holdings in shares of Micron Technology by 230.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 248 shares of the semiconductor manufacturer's stock valued at $29,000 after buying an additional 173 shares in the last quarter. Tidemark LLC acquired a new position in shares of Micron Technology in the 4th quarter valued at $25,000. Pingora Partners LLC acquired a new position in shares of Micron Technology in the 4th quarter valued at $26,000. Finally, Riverview Trust Co acquired a new position in shares of Micron Technology in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 80.84% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on MU shares. Cantor Fitzgerald raised their price target on shares of Micron Technology from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Monday, April 8th. Piper Sandler raised their price target on shares of Micron Technology from $95.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. Wells Fargo & Company raised their price target on shares of Micron Technology from $125.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. Fox Advisors upgraded shares of Micron Technology from an "equal weight" rating to an "overweight" rating in a research report on Thursday, March 21st. Finally, TD Cowen raised their price objective on shares of Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.20.
Get Our Latest Stock Report on MU
Micron Technology Company Profile
(
Get Free Report)
Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.
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