Micron Expertise (NASDAQ:MU – Get Rating) acquired a $66.00 worth goal from analysis analysts at Credit score Suisse Group in a analysis report issued on Tuesday, Borsen Zeitung studies. Credit score Suisse Group’s goal worth signifies a possible upside of 32.05% from the inventory’s earlier shut.
A lot of different brokerages additionally lately weighed in on MU. BNP Paribas initiated protection on shares of Micron Expertise in a report on Tuesday, September thirteenth. They set an “outperform” ranking and a $75.00 worth goal for the corporate. JPMorgan Chase & Co. dropped their worth goal on shares of Micron Expertise from $80.00 to $65.00 and set an “obese” ranking for the corporate in a analysis notice on Tuesday, September twenty seventh. Deutsche Financial institution Aktiengesellschaft downgraded shares of Micron Expertise from a “purchase” ranking to a “maintain” ranking and dropped their worth goal for the corporate from $60.00 to $55.00 in a analysis notice on Monday, December twelfth. Stifel Nicolaus dropped their worth goal on shares of Micron Expertise from $54.00 to $52.00 and set a “maintain” ranking for the corporate in a analysis notice on Thursday, December twenty second. Lastly, Needham & Firm LLC elevated their worth goal on shares of Micron Expertise from $60.00 to $67.00 and gave the corporate a “purchase” ranking in a analysis notice on Wednesday, November sixteenth. Two analysis analysts have rated the inventory with a promote ranking, seven have issued a maintain ranking and twenty-three have issued a purchase ranking to the corporate. Primarily based on information from MarketBeat.com, the inventory presently has a consensus ranking of “Reasonable Purchase” and a consensus worth goal of $68.59.
Micron Expertise Inventory Down 1.3 %
Shares of MU opened at $49.98 on Tuesday. Micron Expertise has a 52 week low of $48.43 and a 52 week excessive of $98.45. The agency has a market cap of $54.54 billion, a P/E ratio of 9.07 and a beta of 1.30. The agency’s 50-day easy transferring common is $54.97 and its 200 day easy transferring common is $56.31. The corporate has a debt-to-equity ratio of 0.20, a fast ratio of two.23 and a present ratio of three.51.
Micron Expertise (NASDAQ:MU – Get Rating) final posted its quarterly earnings information on Wednesday, December twenty first. The semiconductor producer reported ($0.04) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.04 by ($0.08). The enterprise had income of $4.09 billion through the quarter, in comparison with the consensus estimate of $4.14 billion. Micron Expertise had a web margin of twenty-two.78% and a return on fairness of 13.26%. The enterprise’s income for the quarter was down 46.9% on a year-over-year foundation. Throughout the identical interval within the prior yr, the agency earned $2.07 EPS. On common, analysts forecast that Micron Expertise will put up -2.24 earnings per share for the present yr.
Institutional Buying and selling of Micron Expertise
Massive traders have lately added to or decreased their stakes within the inventory. Penobscot Wealth Administration grew its holdings in shares of Micron Expertise by 1.5% through the second quarter. Penobscot Wealth Administration now owns 11,475 shares of the semiconductor producer’s inventory price $634,000 after buying an extra 167 shares over the last quarter. Stonebridge Capital Advisors LLC grew its holdings in shares of Micron Expertise by 6.6% through the first quarter. Stonebridge Capital Advisors LLC now owns 2,695 shares of the semiconductor producer’s inventory price $210,000 after buying an extra 168 shares over the last quarter. X Sq. Capital LLC grew its holdings in shares of Micron Expertise by 0.3% through the second quarter. X Sq. Capital LLC now owns 59,283 shares of the semiconductor producer’s inventory price $3,277,000 after buying an extra 170 shares over the last quarter. Gradient Investments LLC grew its holdings in shares of Micron Expertise by 22.4% through the first quarter. Gradient Investments LLC now owns 983 shares of the semiconductor producer’s inventory price $77,000 after shopping for an extra 180 shares over the last quarter. Lastly, Orion Portfolio Options LLC grew its holdings in shares of Micron Expertise by 4.0% through the third quarter. Orion Portfolio Options LLC now owns 4,703 shares of the semiconductor producer’s inventory price $236,000 after shopping for an extra 181 shares over the last quarter. Hedge funds and different institutional traders personal 78.02% of the corporate’s inventory.
About Micron Expertise
Micron Expertise, Inc designs, develops, manufactures, and sells reminiscence and storage merchandise worldwide. The corporate operates by means of 4 segments: Compute and Networking Enterprise Unit, Cellular Enterprise Unit, Embedded Enterprise Unit, and Storage Enterprise Unit. It gives reminiscence and storage applied sciences includes DRAM merchandise, that are dynamic random entry reminiscence semiconductor units with low latency that present high-speed information retrieval; NAND merchandise which might be non-volatile and re-writeable semiconductor storage units; and NOR reminiscence merchandise, that are non-volatile re-writable semiconductor reminiscence units that present quick learn speeds underneath the Micron and Essential manufacturers, in addition to by means of non-public labels.
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