The stock of Micron Technology Inc (NASDAQ:MU) last traded at $103.11, up 2.30% from the previous session.
MU stock price is now 7.15% away from the 50-day moving average and -1.86% away from the 200-day moving average. The market capitalization of the company currently stands at $114.88B.
With the price target reduced from $135 to $125, TD Cowen maintained Buy rating for Micron Technology Inc (NASDAQ: MU). On December 19, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $140 to quote $120, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, MICHAEL RAY, Officer bought 6,525 shares of the company’s stock on Mar 14 ’25. The stock was bought for $619,092 at an average price of $94.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Director McCarthy Mary Pat sold 2,404 shares of the business’s stock. A total of $223,393 was realized by selling the stock at an average price of $92.93. This leaves the insider owning 27,358 shares of the company worth $2.82 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 $83.54 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 2.72, and a quick ratio of 1.75. According to the stock market information, the enterprise value for the company is $121737265152, which is based on a 29.78 price-to-earnings ratio, a 0.28 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for MU is $96.2308 and a two-hundred day moving average price translates $105.06795 for the stock.
The latest earnings results from Micron Technology Inc (NASDAQ: MU) was released for 2024-11-28. The net profit margin was 13.34% and return on equity was 8.66% for MU. The company reported revenue of $8.71 billion for the quarter, compared to $4.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 84.28 percent.
