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Wednesday, March 22, 2023

There’s No Need To Panic Or Freeze When It Comes To Micron Technology Inc. (NASDAQ: MU)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Micron Technology Inc. (MU) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.22, or -0.39%, to $56.21. The Micron Technology Inc. has recorded 309,800 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Micron Technology to Report Fiscal Second Quarter Results on March 28, 2023.

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Stocks Info

The company is listed on the NASDAQ and operates within the Semiconductors industry segment. At the end of the last regular session, the stock closed at $56.43 and fluctuated between $56.69 as its day high and $54.72 as its day low. The current market capitalization of Micron Technology Inc. is $62.18B. A total of 16.61 million shares were traded on the day, compared to an average of 14.45M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MU has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 75,068 shares. Over the last 12 months, there were 56 BUYs and 61 SELLs from insiders. Insiders purchased 1,476,125 shares during that period but sold 639,776.

In the most recent transaction, ARNZEN APRIL S sold 24,000 shares of MU for 61.91 per share on Jan 30. After the transaction, the SVP, Chief People Officer now owns 118,885 company shares. In a previous transaction on Jan 27, BHATIA MANISH H sold 50,000 shares at 63.29 per share. MU shares that EVP, Global Operations owns now total 260,347.

Among the insiders who sold shares, Deboer Scott J disposed of 20,000 shares on Jan 26 at a per-share price of $62.23. This resulted in the EVP, Technology & Products holding 248,340 shares of MU after the transaction. In another insider transaction, Beard Robert P sold 3,000 shares at $61.25 per share on Jan 23. Company shares held by the SVP, General Counsel&Secretary now total 42,840.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Micron Technology Inc. pays an annual dividend of $0.46, resulting in a dividend yield of 0.82%, and it has a price to earnings (P/E) ratio of 10.23. MU’s most recent ex-dividend date was 12/30/2022 when it declared a $0.1150 quarterly dividend that was paid in cash on 1/19/2023. Previously, the company paid the dividend on 10/26/2022 with an ex-dividend date of 10/7/2022. The MU stock dividend was $0.1150 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for MU in the last 3 months, the mean price target is $65.68 with high estimates of $100.00 and low estimates of $45.00. In terms of 52-week highs and lows, MU has a high of $94.07 and a low of $48.43.

As of this writing, MU has an earnings estimate of -$0.62 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of -$0.57 per share and a lower estimate of -$0.72. The company reported an EPS of $1.45 in the last quarter, which was 11.50% higher than expectations of $1.3.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 38 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 4.27. A total of 23 analysts rated the stock as Buy while 4 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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