Micron Technology, Inc. (NASDAQ:MU) Broker Price Targets For The Coming Week
Jan 11 2017 by Johnny Bowman
One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. The median estimate represents a +25.34% increase from the last price of 22.34.
A number of equities research analysts have recently issued reports on the stock.
12/22/2016 - Micron Technology, Inc. had its "buy" rating reiterated by analysts at Instinet. Company shares were Reiterated by Argus on Dec 23, 2016 to "Buy", Firm has raised the Price Target to $ 28 from a previous price target of $22.Needham Upgraded Micron Technology on Dec 22, 2016 to " Buy", Price Target of the shares are set at $33.Company shares were Reiterated by Cowen on Dec 22, 2016 to "Outperform", Firm has raised the Price Target to $ 26 from a previous price target of $23.
Many research firms have provided their ratings on Micron Technology, Inc. For the Current Quarter, 21 analysts are projecting the mean EPS to be $0.63/share. Finally, Wells Fargo & Company reissued an "outperform" rating and issued a $27.50 price target (up from $22.00) on shares of Micron Technology in a report on Friday, December 23rd.
Micron Technology, Inc. (NASDAQ:MU) Semiconductor- Memory Chips exhibits an Operating Margin of 2.40% and a Gross Margin of 20.50%, therefore, displaying a Profit Margin of -2.30%. The stock's 52-week range is $9.31 - $23.64. Micron Technology has a 52-week low of $9.31 and a 52-week high of $23.64. Currently, the company has SMA200 (200-day simple moving average) of 47.53 Percent. Vanguard Group Inc. increased its position in Micron Technology by 2.2% in the second quarter. During the same period in the prior year, the company earned $0.24 EPS. The company had Year Ago Sales of 2.93 Billion. Return on Equity (ROE) stands at -2.5% and Return on Investment (ROI) of 0.7 percent. While in the same Quarter Previous year, the Actual EPS was $-0.05. The company reported the earnings of $0.32/Share in the last quarter where the estimated EPS by analysts was $0.28/share. If you are accessing this story on another website, it was stolen and republished in violation of United States & worldwide copyright legislation. If you are reading this piece on another domain, it was illegally stolen and republished in violation of United States & global copyright and trademark laws.
In related news, VP Steven L. Thorsen, Jr. sold 63,000 shares of the stock in a transaction on Tuesday, October 25th. The stock has Return on Assets (ROA) of -1.1 percent. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
In other news, VP Scott J. Deboer sold 48,780 shares of Micron Technology stock in a transaction on Thursday, December 22nd. The present market cap reflects only on the equity of NASDAQ:MU Semiconductor- Memory Chips and is vital to note that the firm's choice of capital structure holds a substantial impact on how the aggregate value of the company allocated within the equity and debt. Deboer Scott J now owns 190,232 shares in the company after this transaction.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Micron Technology, Inc.is engaged in semiconductor systems. Bronfman E.L. Rothschild L.P. now owns 6,116 shares of the semiconductor manufacturer's stock worth $109,000 after buying an additional 433 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in Micron Technology by 1.0% in the second quarter.