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. Earlier, Yahoo Finance discussed this stock as it revealed Micron’s Full Suite of Automotive-Grade Solutions Qualified for Qualcomm Automotive Platforms to Power AI in Vehicles.

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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 $127.51 and fluctuated between $127.56 as its day high and $122.08 as its day low. The current market capitalization of Micron Technology Inc. is $141.20B. A total of 21.65 million shares were traded on the day, compared to an average of 20.89M shares.

In the most recent transaction, MEHROTRA SANJAY sold 7,000 shares of MU for 122.60 per share on Apr 09 ’24. After the transaction, the CEO and President now owns 728,557 company shares. In a previous transaction on Apr 04 ’24, MEHROTRA SANJAY sold 45,000 shares at 130.00 per share. MU shares that CEO and President owns now total 728,557.

Among the insiders who sold shares, MEHROTRA SANJAY disposed of 7,000 shares on Apr 02 ’24 at a per-share price of $122.09. This resulted in the CEO and President holding 743,557 shares of MU after the transaction. In another insider transaction, ARNZEN APRIL S sold 4,890 shares at $119.30 per share on Mar 27 ’24. Company shares held by the EVP, Chief People Officer now total 148,817.

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. MU’s most recent ex-dividend date was 3/28/2024 when it declared a $0.1150 quarterly dividend that was paid in cash on 4/16/2024. Previously, the company paid the dividend on 1/18/2024 with an ex-dividend date of 12/29/2023. 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. In terms of 52-week highs and lows, MU has a high of $130.54 and a low of $58.03.

As of this writing, MU has an earnings estimate of $0.43 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $0.52 per share and a lower estimate of $0.41. The company reported an EPS of -$0.95 in the last quarter, which was 2.10% higher than expectations of -$0.97.

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 $39.63, 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 4.75.

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