Insights Into Micron Technology Inc. (MU) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Micron Technology Inc. (MU) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.12, or -0.24%, to $49.98. Volume reached 684,220 shares, with price reaching a high of $49.7547 and a low of $49.58. Most recently, Yahoo Finance reported about the stock as it publicized that Micron Breaks Ground on Leading-Edge Manufacturing Fab in Boise, Idaho.


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Stocks Info

Micron Technology Inc. is listed on the NASDAQ in the Technology sector while operating in the Semiconductors industry. At the end of the last regular session, the stock closed at $49.66 and fluctuated between $50.37 as its day high and $49.35 as its day low. The current market capitalization of Micron Technology Inc. is $54.62B. A total of 21.27 million shares were traded on the day, compared to an average of 16.82M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, MU has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 16,681 and the disposition of 16,625 shares. Over the last 12 months, there were 67 BUYs and 84 SELLs from insiders. Insiders purchased 1,569,956 shares during that period but sold 964,934.

In the most recent transaction, Bokan Michael W sold 16,600 shares of MU for 63.82 per share on Aug 16. After the transaction, the SVP, Worldwide Sales now owns 119,126 company shares. In a previous transaction on Mar 24, ARNZEN APRIL S sold 5,600 shares at 76.00 per share. MU shares that SVP, Chief People Officer owns now total 89,172.

Among the insiders who sold shares, Beard Robert P disposed of 266 shares on Feb 16 at a per-share price of $96.17. This resulted in the SVP, General Counsel&Secretary holding 10,688 shares of MU after the transaction. In another insider transaction, BHATIA MANISH H sold 97,107 shares at $96.02 per share on Jan 14. Company shares held by the EVP, Global Operations now total 213,099.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Micron Technology Inc. pays an annual dividend of $0.46, resulting in a dividend yield of 0.93%, and it has a price to earnings (P/E) ratio of 5.66. MU’s most recent ex-dividend date was 07/08/2022 when it declared a $0.115 quarterly dividend that was paid in cash on 07/26/2022. Previously, the company paid the dividend on 04/26/2022 with an ex-dividend date of 04/08/2022. The dividend was $0.10 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for MU in the last 3 months, the mean price target is $72.91 with high estimates of $110.00 and low estimates of $45.00. In terms of 52-week highs and lows, MU has a high of $98.45 and a low of $49.72.

As of this writing, MU has an earnings estimate of $1.32 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.4 per share and a lower estimate of $1.03. The company reported an EPS of $2.5 in the last quarter, which was 7.3% higher than expectations of $2.33.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 37 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MU is Sell with a score of 4.20. A total of 23 analysts rated the stock as Buy while 5 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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