Micron Technology, Inc. (NASDAQ:MU - Get Free Report) CEO Sanjay Mehrotra sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $134.57, for a total value of $941,990.00. Following the completion of the transaction, the chief executive officer now directly owns 719,049 shares in the company, valued at $96,762,423.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Sanjay Mehrotra also recently made the following trade(s):
- On Tuesday, June 4th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The shares were sold at an average price of $126.14, for a total transaction of $882,980.00.
- On Wednesday, May 29th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The shares were sold at an average price of $132.14, for a total transaction of $924,980.00.
- On Tuesday, May 21st, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The stock was sold at an average price of $127.66, for a total value of $893,620.00.
- On Tuesday, May 14th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The stock was sold at an average price of $122.89, for a total value of $860,230.00.
- On Tuesday, May 7th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The shares were sold at an average price of $120.32, for a total value of $842,240.00.
- On Tuesday, April 30th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The stock was sold at an average price of $114.87, for a total transaction of $804,090.00.
- 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 stock was sold at an average price of $120.70, for a total value of $844,900.00.
- On Tuesday, April 9th, Sanjay Mehrotra sold 7,000 shares of Micron Technology stock. The shares were sold at an average price of $122.60, for a total value of $858,200.00.
- On Thursday, April 4th, Sanjay Mehrotra sold 45,000 shares of Micron Technology stock. The shares were sold at an average price of $130.00, for a total value of $5,850,000.00.
Micron Technology Trading Down 0.7 %
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Shares of MU stock opened at $142.17 on Friday. The stock's 50-day moving average is $123.14 and its 200 day moving average is $100.97. Micron Technology, Inc. has a 1-year low of $60.50 and a 1-year high of $144.22. The company has a quick ratio of 2.40, a current ratio of 3.74 and a debt-to-equity ratio of 0.30.
Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results 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 business had revenue of $5.82 billion for 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 company's revenue was up 57.7% compared to the same quarter last year. During the same period last year, the business earned ($2.03) EPS. As a group, equities analysts anticipate that Micron Technology, Inc. will post 0.29 EPS for the current fiscal year.
Micron Technology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Monday, April 1st were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Thursday, March 28th. Micron Technology's payout ratio is presently -13.33%.
Analyst Upgrades and Downgrades
MU has been the topic of a number of analyst reports. Fox Advisors upgraded shares of Micron Technology from an "equal weight" rating to an "overweight" rating in a research report on Thursday, March 21st. Rosenblatt Securities reissued a "buy" rating and issued a $140.00 price objective on shares of Micron Technology in a research report on Monday, March 18th. Argus upgraded Micron Technology from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research report on Thursday, March 21st. Bank of America increased their price target on Micron Technology from $120.00 to $144.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Finally, KeyCorp upped their price objective on Micron Technology from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.16.
View Our Latest Stock Report on Micron Technology
Institutional Trading of Micron Technology
A number of institutional investors have recently made changes to their positions in MU. Keynote Financial Services LLC purchased a new position in shares of Micron Technology in the 1st quarter valued at approximately $789,000. EverSource Wealth Advisors LLC increased its position in shares of Micron Technology by 15.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,485 shares of the semiconductor manufacturer's stock valued at $507,000 after acquiring an additional 596 shares during the period. Westwood Holdings Group Inc. purchased a new position in Micron Technology in the 1st quarter worth $8,558,000. EULAV Asset Management lifted its position in Micron Technology by 12.1% during the 1st quarter. EULAV Asset Management now owns 37,000 shares of the semiconductor manufacturer's stock worth $4,362,000 after acquiring an additional 4,000 shares during the period. Finally, Soltis Investment Advisors LLC purchased a new stake in Micron Technology during the 1st quarter valued at about $245,000. Institutional investors and hedge funds own 80.84% of the company's stock.
About Micron Technology
(
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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