Vetr now has $20.86 target price on the semiconductor manufacturer’s stock. The stock had closed at $17.01 in the previous trading session.
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Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock.
Earnings Roundup: In the last fiscal quarter alone, Micron Technology, Inc. generated almost $2.9B in sales and net income of -$0.08/share. Micron Technology, Inc.’s (MU) is a part of Technology sector and belongs to Semiconductor- Memory Chips industry. Raymond James Trust N.A. raised its position in shares of Micron Technology by 15.1% in the second quarter.
In terms of performance, the stock has had a mixed year so far with the performance for the year at 1.13%. The earning yield also gives right direction to lure investment, as the co has 7.38% dividend yield. Finally, Natixis raised its position in Micron Technology by 90.7% in the first quarter. Mizuho reaffirmed a buy rating and set a $20.00 target price on shares of Micron Technology in a research report on Tuesday, August 30th. “0” said as “SELL” recommendations and “0” suggested “UNDERWEIGHT” rating. Natixis now owns 6,019,111 shares of the semiconductor manufacturer’s stock worth $63,020,000 after buying an additional 2,862,897 shares in the last quarter. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 18 Wall Street Analysts endorse the stock as a Buy with a rating of 1.97. (NASDAQ:MU) had an excellent day at the stock market, with its price going up by 1.86%, to 17.01. Following the transaction, the vice president now directly owns 207,265 shares of the company’s stock, valued at $3,533,868.25. The company has a market cap of $17.66 billion and a P/E ratio of 48.88. The company’s 50 day moving average price is $14.99 and its 200-day moving average price is $12.31. Micron Technology has a 12-month low of $9.31 and a 12-month high of $19.30.
Micron Technology (NASDAQ:MU): The stock opened at $17.21 and touched an intraday high of $17.35 on Wednesday.
On the company’s financial health, Micron Technology reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 30, 2016. The company had revenue of $2898.00 million for the quarter, compared to analysts expectations of $2955.50 million. During the same period previous year, the firm posted $0.54 earnings per share. The firm attains analyst recommendation of 2.60 out of 1-5 scale with week’s performance of 0.49%. Equities analysts predict that Micron Technology will post ($0.05) earnings per share for the current year.
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In related news, VP Scott J. Deboer sold 31,500 shares of the business’s stock in a transaction that occurred on Monday, August 29th.
