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Monday, December 4, 2023

Make Sure You Stick With Micron Technology Inc. (MU). It’s Bull Time Again

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 intact, with the stock’s consolidated last price rising by $0.02, or 0.03%, to $74.80. The Micron Technology Inc. has recorded 571,569 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Micron First to Enable Ecosystem Partners With the Fastest, Lowest Latency High-Capacity 128GB RDIMMs Using Monolithic 32Gb DRAM.

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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 $74.78 and fluctuated between $75.20 as its day high and $73.39 as its day low. The current market capitalization of Micron Technology Inc. is $82.11B. A total of 8.69 million shares were traded on the day, compared to an average of 13.15M 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 11 BUY and 22 SELL insider trades, representing the acquisition of 123,000 and the disposition of 148,882 shares. Over the last 12 months, there were 26 BUYs and 53 SELLs from insiders. Insiders purchased 862,362 shares during that period but sold 1,196,294.

In the most recent transaction, MEHROTRA SANJAY sold 7,000 shares of MU for 72.66 per share on Nov 07. After the transaction, the CEO and President now owns 695,437 company shares. In a previous transaction on Oct 31, MEHROTRA SANJAY sold 7,000 shares at 66.13 per share. MU shares that CEO and President owns now total 695,437.

Among the insiders who sold shares, ALLEN SCOTT R. disposed of 8,882 shares on Oct 24 at a per-share price of $67.79. This resulted in the CVP, Chief Accounting Officer holding 49,575 shares of MU after the transaction. In another insider transaction, MEHROTRA SANJAY sold 7,000 shares at $67.54 per share on Oct 24. Company shares held by the CEO and President now total 695,437.


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. MU’s most recent ex-dividend date was 10/6/2023 when it declared a $0.1150 quarterly dividend that was paid in cash on 10/25/2023. Previously, the company paid the dividend on 7/25/2023 with an ex-dividend date of 7/7/2023. The MU stock dividend was $0.1150 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 $80.80 with high estimates of $100.00 and low estimates of $58.50. In terms of 52-week highs and lows, MU has a high of $76.10 and a low of $48.43.

As of this writing, MU has an earnings estimate of -$1 per share for the current quarter. EPS was calculated based on a consensus of 26 estimates, with a high estimate of -$0.12 per share and a lower estimate of -$1.09. The company reported an EPS of -$1.43 in the last quarter, which was 9.50% higher than expectations of -$1.58.

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. 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 $40.18, while its Total Shareholder’s Equity was $43.93B.

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, 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 4.38.

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