The stock of Micron Technology Inc (NASDAQ:MU) last traded at $119.84, up 3.67% from the previous session.
MU stock price is now 35.48% away from the 50-day moving average and 25.63% away from the 200-day moving average. The market capitalization of the company currently stands at $133.93B.
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, MEHROTRA SANJAY, Officer bought 7,500 shares of the company’s stock on Jun 16 ’25. The stock was bought for $902,289 at an average price of $120.31. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09 ’25, President and CEO MEHROTRA SANJAY sold 3,938 shares of the business’s stock. A total of $436,630 was realized by selling the stock at an average price of $110.88. This leaves the insider owning 387,175 shares of the company worth $46.4 million. A total of 0.47% 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. According to the stock market information, the enterprise value for the company is $140737773568, which is based on a 28.80 price-to-earnings ratio, a 0.27 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for MU is $88.4536 and a two-hundred day moving average price translates $95.3876 for the stock.
The latest earnings results from Micron Technology Inc (NASDAQ: MU) was released for 2025-02-27. 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.
