In yesterday’s Wall Street session, Micron Technology Inc (NASDAQ:MU) shares traded at $89.72, down -0.44% from the previous session.
MU stock price is now -12.87% away from the 50-day moving average and -19.00% away from the 200-day moving average. The market capitalization of the company currently stands at $103.44B.
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With the price target reduced from $135 to $125, TD Cowen maintained Buy rating for Micron Technology Inc (NASDAQ: MU). On December 19, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $140 to quote $120, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, ARNZEN APRIL S, Officer bought 4,890 shares of the company’s stock on Dec 20 ’24. The stock was bought for $416,464 at an average price of $85.17. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 21 ’24, SVP, Worldwide Sales Bokan Michael W sold 10,000 shares of the business’s stock. A total of $1,090,300 was realized by selling the stock at an average price of $109.03. This leaves the insider owning 179,032 shares of the company worth $16.06 million. A total of 0.40% of the company’s stock is owned by insiders.
During the past 12 months, Micron Technology Inc has had a low of $79.15 and a high of $157.54. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 2.72, and a quick ratio of 1.75. According to the stock market information, the enterprise value for the company is $121170362368, which is based on a 25.91 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for MU is $103.3214 and a two-hundred day moving average price translates $110.8047 for the stock.
The latest earnings results from Micron Technology Inc (NASDAQ: MU) was released for 2024-08-29. The net profit margin was 13.34% and return on equity was 8.66% for MU. The company reported revenue of $7.75 billion for the quarter, compared to $4.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 93.27 percent.
