After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that Micron First to Market With LPDDR5X-based LPCAMM2 Memory, Transforming User Experiences for PCs.
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Stocks Info
MU belongs to the Technology sector of the NASDAQ while operating in the Semiconductors industry. At the end of the last regular session, the stock closed at $84.82 and fluctuated between $85.82 as its day high and $84.05 as its day low. The current market capitalization of Micron Technology Inc. is $93.63B. A total of 15.05 million shares were traded on the day, compared to an average of 13.53M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MU has seen 7 BUY and 12 SELL insider trades, representing the acquisition of 96,591 and the disposition of 120,626 shares. Over the last 12 months, there were 84 BUYs and 121 SELLs from insiders. Insiders purchased 1,234,870 shares during that period but sold 1,112,303.
In the most recent transaction, MEHROTRA SANJAY sold 7,000 shares of MU for 83.20 per share on Jan 17. After the transaction, the CEO and President now owns 642,251 company shares. In a previous transaction on Jan 09, MEHROTRA SANJAY sold 7,000 shares at 83.63 per share. MU shares that CEO and President owns now total 651,759.
Among the insiders who sold shares, MEHROTRA SANJAY disposed of 7,000 shares on Jan 03 at a per-share price of $82.13. This resulted in the CEO and President holding 651,759 shares of MU after the transaction. In another insider transaction, Deboer Scott J sold 28,228 shares at $87.24 per share on Dec 27. Company shares held by the EVP, Technology & Products now total 203,342.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. MU’s most recent ex-dividend date was 12/29/2023 when it declared a $0.1150 quarterly dividend that was paid in cash on 1/18/2024. Previously, the company paid the dividend on 10/25/2023 with an ex-dividend date of 10/6/2023. The MU stock dividend was $0.1150 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MU in the last 3 months, the mean price target is $98.47 with high estimates of $140.00 and low estimates of $74.75. In terms of 52-week highs and lows, MU has a high of $87.87 and a low of $52.76.
As of this writing, MU has an earnings estimate of -$0.28 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of -$0.25 per share and a lower estimate of -$0.31. The company reported an EPS of -$1.07 in the last quarter, which was 9.30% higher than expectations of -$1.18.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $38.85, while its Total Shareholder’s Equity was $43.93B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.65.
