Insiders sold 354,388 shares of company stock worth $9,500,740 over the last three months.
Narrow down analysts revisions as; in the pool of analysts 11 analyst/s assigns "BUY" rating for current month, while 16 of analysts recommend a "OUTPERFORM", 2 analysts stand at "HOLD". Bronfman E.L. Rothschild L.P. boosted its position in Micron Technology by 7.6% in the third quarter. Meeder Asset Management Inc. now owns 93,878 shares of the semiconductor manufacturer's stock valued at $1,670,000 after buying an additional 72,613 shares during the last quarter. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. The return on invested capital at 0.7%, which is good, compared to its peers.
Micron Technology, Inc. closed its last trading session at $27.18 with the loss of -1.8%. Hedge funds and other institutional investors own 81.43% of the company's stock. The semiconductor manufacturer reported $0.90 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.84 by $0.06. Analysts reported that the Price Target for Micron Technology, Inc. might touch $60 high while the Average Price Target and Low price Target is $39.04 and $30 respectively. BKS Advisors LLC acquired a new position in Micron Technology during the third quarter valued at about $125,000. If the company has a ratings score of 1, this would represent a Strong Buy. Brick & Kyle Associates increased its position in Micron Technology by 0.5% in the third quarter. Needham & Company LLC restated a buy rating and issued a $33.00 price objective on shares of Micron Technology in a research report on Wednesday, January 11th. Hermes Investment Management Ltd. now owns 1,935,911 shares of the semiconductor manufacturer's stock worth $34,420,000 after buying an additional 349,296 shares in the last quarter.
The number of shares now held by investors is 1.11 Billion.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Micron Technology, Inc. the EPS stands at 0.9 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.86, suggesting the stock exceeded the analysts' expectations. Comparatively, Micron Technology, Inc. posted earnings of $0 per share in the same quarter a year ago.
MICRON TECHNOLOGY, INC. (MU) has earning per share estimates attains special attention, as for Quarter Ending Feb-17, 21 analysts believe firm will have $4,650.59 earning for each share, but few analysts change their estimates for Quarter Ending May-17 to $5,393.61. (NASDAQ:MU) in a research note issued to investors on Thursday.
According to our research, Micron's second quarter of the fiscal year 2017 (2QFY17) was a resounding success. Micron Technology had a negative net margin of 2.32% and a positive return on equity of 0.81%. If you are reading this news story on another domain, it was stolen and republished in violation of United States and global copyright & trademark laws. The correct version of this news story can be accessed at https://www.themarketsdaily.com/2017/04/11/micron-technologys-mu-outperform-rating-reiterated-at-cowen-and-company.html. The shares were sold at an average price of $23.12, for a total value of $630,020.00. They now have a United States dollars 34 price target on the stock. Following the transaction, the vice president now directly owns 340,542 shares in the company, valued at approximately $7,873,331.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
In other Micron Technology news, VP April S. Arnzen sold 10,638 shares of the company's stock in a transaction dated Thursday, March 30th. Boston Advisors LLC increased its position in Micron Technology by 46.3% in the third quarter. The disclosure for this sale can be found here.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MU.