In Tuesday’s Wall Street session, Micron Technology Inc (NASDAQ:MU) shares traded at $80.51, up 0.11% from the previous session.
MU stock price is now -4.68% away from the 50-day moving average and -15.89% away from the 200-day moving average. The market capitalization of the company currently stands at $89.98B.
With the price target maintained at $84, China Renaissance recently Downgraded its rating from Buy to Hold for Micron Technology Inc (NASDAQ: MU). On December 19, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $135 to quote $125, while ‘Needham’ rates the stock as ‘Buy’
In other news, McCarthy Mary Pat, Director sold 2,404 shares of the company’s stock on May 02 ’25. The stock was sold for $192,320 at an average price of $80.00. Upon completion of the transaction, the Director now directly owns 24,954 shares in the company, valued at $2.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’25, EVP and Chief People Officer ARNZEN APRIL S sold 15,000 shares of the business’s stock. A total of $1,442,700 was realized by selling the stock at an average price of $96.18. This leaves the insider owning 164,769 shares of the company worth $13.27 million. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, Micron Technology Inc has had a low of $61.54 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 3.13, and a quick ratio of 1.99.
The net profit margin was 14.92% and return on equity was 10.10% for MU. The company reported revenue of $8.05 billion for the quarter, compared to $5.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.27 percent.
