Micron Technology Inc (NASDAQ:MU) shares traded -1.23%% lower at $122.08 on Wall Street last session.
MU stock price is now 31.72% away from the 50-day moving average and 27.23% away from the 200-day moving average. The market capitalization of the company currently stands at $136.43B.
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, President and CEO sold 5,210 shares of the company’s stock on Jun 17 ’25. The stock was sold for $632,220 at an average price of $121.35. Upon completion of the transaction, the President and CEO now directly owns 379,675 shares in the company, valued at $46.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16 ’25, President and CEO MEHROTRA SANJAY sold 2,290 shares of the business’s stock. A total of $275,510 was realized by selling the stock at an average price of $120.31. This leaves the insider owning 384,885 shares of the company worth $46.99 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 $144.07. 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.
