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Wednesday, June 7, 2023

Micron Technology Inc. (NASDAQ: MU) May Be Attracting Institutional Investments

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 intact, with the stock’s consolidated last price rising by $0.05, or 0.08%, to $61.66. The Micron Technology Inc. has recorded 194,630 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Micron Technology Announces Upcoming Investor Events.

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Stocks Info

Micron Technology Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Semiconductors industry. At the end of the last regular session, the stock closed at $61.61 and fluctuated between $61.81 as its day high and $60.06 as its day low. The current market capitalization of Micron Technology Inc. is $66.63B. A total of 15.52 million shares were traded on the day, compared to an average of 16.45M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MU has seen 5 BUY and 8 SELL insider trades, representing the acquisition of 40,643 and the disposition of 86,603 shares. Over the last 12 months, there were 59 BUYs and 70 SELLs from insiders. Insiders purchased 2,052,306 shares during that period but sold 1,368,687.

In the most recent transaction, BEYER RICHARD M sold 4,000 shares of MU for 59.88 per share on May 09. After the transaction, the Director now owns 95,660 company shares. In a previous transaction on May 01, Sadana Sumit sold 32,500 shares at 62.50 per share. MU shares that EVP, Chief Business Officer owns now total 0.

Among the insiders who sold shares, Sadana Sumit disposed of 17,000 shares on May 01 at a per-share price of $62.44. This resulted in the EVP, Chief Business Officer holding 251,654 shares of MU after the transaction. In another insider transaction, Bokan Michael W sold 20,000 shares at $63.14 per share on Apr 10. Company shares held by the SVP, Worldwide Sales now total 175,086.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Micron Technology Inc. pays an annual dividend of $0.46, resulting in a dividend yield of 0.75%, and it has a price to earnings (P/E) ratio of 44.26. MU’s most recent ex-dividend date was 4/6/2023 when it declared a $0.1150 quarterly dividend that was paid in cash on 4/25/2023. Previously, the company paid the dividend on 1/19/2023 with an ex-dividend date of 12/30/2022. The MU stock dividend was $0.1150 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MU in the last 3 months, the mean price target is $70.49 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 $75.41 and a low of $48.43.

As of this writing, MU has an earnings estimate of -$1.55 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of -$1.13 per share and a lower estimate of -$1.61. The company reported an EPS of -$0.04 in the last quarter, which was -300.00% lower than expectations of -$0.01.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MU’s latest balance sheet shows that the firm has $8.63B in Cash & Short Term Investments as of fiscal 2021. There were $7.28B in debt and $6.42B in liabilities at the time. Its Book Value Per Share was $43.32, while its Total Shareholder’s Equity was $43.93B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.26.

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