A Peek At What Micron Technology Inc. (MU) Insiders Are Doing

Micron Technology Inc. (NASDAQ:MU) saw a downside of -0.60% to close Friday at $70.12 after subtracting -$0.42 on the day. The 5-day average trading volume is 16,166,380 shares of the company’s common stock. It has gained $71.67 in the past week. An average of 18,308,109 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 19,680,529.

MU’s 1-month performance is -3.77% or -$2.15 on its low of $69.03 reached on 10/06/21. The company’s shares have touched a 52-week low of $48.22 and high of $96.96, with the stock’s rally to the 52-week high happening on 04/12/21. YTD, MU has lost -6.73% or -$5.06. However, the current price is down -27.68%% from the 52-week high price.

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Insider Transactions

On Sep 24, 17 days have gone by since the last insider trading activity for Micron Technology Inc. (MU). ARNZEN APRIL S (SVP, Chief People Officer) most recently sold 8,300 shares at $73.32 per share on Sep 24. This transaction cost the insider $608,556. SVP & Chief Financial Officer, Zinsner David, sold 8,050 shares at a price of $73.26 on Sep 15. Then, on Sep 13, SVP, General Counsel&Secretary Poppen Joel L sold 4,984 shares at a price of $74.39 per share. This transaction amounted to $370,760.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 54.82 and a low of 2.390. MU stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.87 while the price-to-book (PB) in the most recent quarter is 1.86.

It is projected that Micron Technology Inc.’s next ex-dividend date will be on 31-Dec. MU is expected to distribute $0.10 as its next dividend.

Micron Technology Inc.’s quick ratio for the period ended August 30 was 2.60, with the current ratio over the same period at 3.40 meaning that MU stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending August 30 was 0.15, while the total debt to equity was 0.16. In terms of profitability, the gross margin trailing 12 months is 37.80%. The trailing 12-month EBITDA margin is 47.11%. The firm’s gross profit as reported stood at $6.55 billion against revenue of $21.43 billion.

Earnings Surprise

For the quarterly period ending August 30 this year, Micron Technology Inc.’s cash and short-term investments amounted to $870.0 million against total debt of $7.34 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 26.81% to $8.27 billion, while revenue of $7.42 billion was 10.3% off the previous quarter. Analysts expected MU to announce $2.33 per share in earnings in its latest quarter, but it posted $2.42, representing a 3.90% surprise. EBITDA for the quarter stood at more than $3.36 billion. MU stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 13.68 billion, with total debt at $7.34 billion. Shareholders hold equity totaling $1.13 billion

Technical Picture

Let’s look briefly at Micron Technology Inc. (MU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 33.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.96%.

The stock’s 5-day moving average is $70.34, reflecting a -1.23% or -$0.87 change from its current price. MU is currently trading -4.60% above its 20-day SMA, -11.11% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -9.03% and -0.45% respectively.

Stochastic %K and %D was 17.08% and 15.25% and the average true range (ATR) pointed at 1.76. The RSI (14) points at 37.78%, while the 14-day stochastic is at 15.91% with the period’s ATR at 1.86. The stock’s 9-day MACD Oscillator is pointing at -0.74 and -1.79 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Micron Technology Inc. (NASDAQ: MU), Susquehanna reiterated its a Positive rating for the company but lifted their price target by $150 to $135. Analysts offering their rating for MU stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate MU as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 27 have offered a “buy” rating.

What is MU’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $70.00 and a high of $165.00, with their median price target at $100.00. Looking at these predictions, the average price target given by analysts is for Micron Technology Inc. (MU) stock is $100.66.


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