Micron Technology, Inc. (NASDAQ:MU) stock is presently standing at about $22.48 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 25 analysts covering the company is $27.00, which suggests the stock could still rise over 17 percent. The highest analyst price target is $33.00, which implies a rally of 53 percent. And a quick view of analyst notes show that 13 are rating the stock a buy while 7 rate MU a strong buy. There are 4 equity research firms advocating a Hold and 0 consider it Sell.
Needham analysts provided their view on Micron Technology, Inc. (NASDAQ:MU) recently. The rating firm issued a Buy rating to this company in a research note released on Dec 22, 2016. Loop Capital analysts disclosed their opinion on Micron Technology, Inc. (NASDAQ:MU) recently. The rating firm gave a Hold rating to this stock in a research note published on Dec 13, 2016. According to a research note disclosed on Dec 07, 2016, analysts at Standpoint Research have upped their rating on these shares from Hold to Buy.
Micron Technology, Inc. (NASDAQ:MU) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its VP Memory Solutions Shirley Brian sold 90,580 company shares for $2000000.91, in a transaction on 2017-01-06. Following the transaction, the VP Memory Solutions is left with a stake of 2000.91 shares, currently valued at $44980. Meanwhile, VP Technology Development Deboer Scott J sold 48,780 shares worth $1121000.94, through a transaction dated 2016-12-22. Following the completion of the transaction, the insider is left with a stake of 190,232 shares, amounting $4276415.36. MU VP Technology Development Deboer Scott J also sold 10,000 shares, at a stock price of $19. This transaction occurred on 2016-11-17 totals $190000. After this transaction, the insider’s stake stands at 200,232 shares, with a market value of $4501215.
Executives hold 1.36 percent of the stock. Mr. Thomas T. Nicholson is one of the biggest insider owners in Micron Technology, Inc. (NASDAQ:MU), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 2,619,376 shares which have current market value of around $58883572.48.Mr. Steven R. Appleton is another major inside shareholder in the company. The insider owns 2,369,286 shares as of 0.22%, currently worth $53261549.28. Mr. D. Mark Durcan is ranked as third insider holder of the stock. This insider holds 1,929,300 shares with a market value around $43370664 as of recent close.
Micron Technology, Inc. (NASDAQ:MU) Earnings Outlook
In Micron Technology, Inc. (NASDAQ:MU)’s latest quarter, EPS moved to $0.32 from $-0.05 in preceding quarter and revenues reached at $3,970.00M compared to $3,217.00M. Analysts had expected Micron Technology, Inc. (NASDAQ:MU) to post net income of about $0.28 per share on $3,977.75M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.57 to $1.16. That is compared with the $-0.05 in EPS it reported during the same period a year ago.