Micron Technology, Inc. (MU) Upgraded to Strong-Buy by Vetr Inc

Yolanda Curtis
March 22, 2017

These analysts also forecasted Growth Estimates for the Current Quarter for MU to be 1780%. Were that type move in Micron shares to occur, a reaction toward $20.50 would have the upshot of filling the prior quarterly report's bullish price gap and establishing a healthy and very common corrective move of 21% - "booyah!"

According to analysts, Micron Technology, Inc.

Micron is scheduled to release its fiscal Q2 results after the market close Thursday.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Micron Technology, Inc. the EPS stands at 0.32 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.28, suggesting the stock exceeded the analysts' expectations. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. They now have a $25.00 target price on the semiconductor manufacturer's stock. (NASDAQ:MU) dropped to -11.34% from $13.76 to $12.2.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, MU earned gross profit of 5.44 Billion, in 2015 5.22 Billion gross profit, while in 2016 Micron Technology, Inc.

Micron Technology, Inc. (MU)'s distance from 200 day simple moving average is 38.81 percent, its distance from 50 day simple moving average is 6.61 percent, while its distance from 20 day simple moving average is 2.33 percent. According to their observations and findings, the stock could provide a high EPS of $0.89/share and a Low EPS of $0.62/share. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $0.69 to $1.51. The company had Year Ago Sales of 2.93 Billion. Micron Technology had a positive return on equity of 0.81% and a negative net margin of 2.32%. Total debt to equity ratio of the company for most recent quarter is 1.98 while Long term debt to equity ratio for same time period is 1.29. Average true range (ATR-14) of the company sets at 0.73, along with its weekly and monthly volatility of 3.10%, 2.71% respectively.

Micron Technology, Inc. (NASDAQ:MU) Semiconductor- Memory Chips has a Current Ratio of 1.7 with a Quick Ratio value of 1.2. The Average Volume for the stock is measured as 25.33 Million. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Another insider trade includes Officer Shirley (Brian M) who also initiated a transaction in which 27250 shares were traded on 14 Feb 2017 as "Sell". The shares were sold at an average price of $22.09, for a total transaction of $2,000,912.20. Following the completion of the sale, the vice president now owns 340,542 shares of the company's stock, valued at approximately $7,873,331.04. The disclosure for this sale can be found here. Beta value of the stock is marked at 0.66. Although some investors believes the firm is at or near a cyclical peak in memory fundamentals, there does not appear to be any indications of large pockets of supply (especially in DRAM) coming online anytime over the next 18-24 months and the demand profile through this year appears strong (strong datacenter spending, Skylake server upgrade cycle, iPhone 8 cycle, near-seasonal PC demand trends, continued strong PC gaming fundamentals and increasing content in automobiles). Schroder Investment Management Group acquired a new position in Micron Technology during the third quarter valued at about $72,061,000. Finally, Evercore Wealth Management LLC increased its stake in Micron Technology by 2.9% in the second quarter. Consequently, investors will be able to grasp the rudimentary determinant of asset distribution and all kinds of risk-return parameters for stocks together with the stock mutual funds.

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