Published: Tue, May 09, 2017
Business | By Max Garcia

Micron Technology, Inc. (NASDAQ:MU) & Vereit Inc (NYSE:VER)


Stock is now moving with a positive distance from the 200 day simple moving average of approximately 35.7%, and has a solid year to date (YTD) performance of 27.74% which means the stock is constantly adding to its value from the previous fiscal year end price.

Several other equities analysts have also recently issued reports on MU. (NASDAQ:MU) is trading at, 28 (0.83% today), Micron Technology, Inc. has a dividend yield of *TBA, and this is covered by a payout ratio of 0.00%.

03/24/2017 - Micron Technology, Inc. had its "buy" rating reiterated by analysts at Needham & Company. Wells Fargo & Co reiterated an "outperform" rating and issued a $35.00 target price on shares of Micron Technology in a research report on Friday, March 24th. Two analysts have rated the stock with a hold recommendation, twenty-nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. Micron Technology now has a consensus rating of "Buy" and an average target price of $31.25.

NASDAQ:MU) was down -0.75% (-$0.21) to $27.79 and showed a volume of 15.5 mln shares. The stock had a trading volume of 9,821,661 shares.

The stock's 50 day moving average is 27.53 and its 200 day moving average is 22.89. The stock carved out a 52-week low down at $9.35. The company has a market capitalization of $30.74 billion, a PE ratio of 43.29 and a beta of 1.93.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Thursday, March 23rd. (MU) is $38.63/share according to the consensus of analysts working on the stock, with an expected EPS of $1.5/share for the current quarter.

In case of Revenue Estimates, 5400000 analysts have provided their consensus Average Revenue Estimates for Micron Technology, Inc.as 25000. Micron Technology had a negative net margin of 2.32% and a positive return on equity of 0.81%. Micron Technology's revenue was up 58.4% compared to the same quarter a year ago. During the same period previous year, the business posted $0.01 earnings per share. On average, analysts expect that Micron Technology, Inc. will post $4.28 earnings per share for the current year.

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In related news, VP Brian Shirley sold 27,250 shares of the business's stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $27.85, for a total value of $27,850.00. Following the sale, the vice president now directly owns 340,542 shares of the company's stock, valued at $7,873,331.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The disclosure for this sale can be found here. The senior management bring insider ownership to 0.30%, and institutional ownership is at 84.50%. Acadian Asset Management LLC increased its stake in Micron Technology by 50.4% in the third quarter. Credit Capital Investments LLC now owns 840,000 shares of the semiconductor manufacturer's stock valued at $14,935,000 after buying an additional 75,000 shares in the last quarter. The fund purchased 20,607 shares of the semiconductor manufacturer's stock, valued at approximately $596,000.

Many analysts are providing their Estimated Earnings analysis for Micron Technology, Inc. and for the current quarter 24 analysts have projected that the stock could give an Average Earnings estimate of $1.5/share. Great West Life Assurance Co. Quantbot Technologies LP increased its position in shares of Micron Technology by 74.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,092,084 shares of the semiconductor manufacturer's stock valued at $37,197,000 after buying an additional 2,009,506 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co.

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