In Tuesday’s Wall Street session, Micron Technology Inc (NASDAQ:MU) shares traded at $96.38, up 3.22% from the previous session.
MU stock price is now 13.93% away from the 50-day moving average and 1.45% away from the 200-day moving average. The market capitalization of the company currently stands at $107.71B.
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, Deboer Scott J, Director bought 20,000 shares of the company’s stock on May 14 ’25. The stock was bought for $1,900,000 at an average price of $95.00. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’25, Director McCarthy Mary Pat sold 2,404 shares of the business’s stock. A total of $192,320 was realized by selling the stock at an average price of $80.00. This leaves the insider owning 24,954 shares of the company worth $2.41 million. A total of 0.49% 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. For the current quarter, analysts expect MU to generate $8.83B in revenue.
