Published: Sat, May 20, 2017
Science | By Hubert Green

Micron Technology, Inc. (MU) Short Interest Down 4.5% in April


Looking at this figure it suggests that the shares of Micron Technology, Inc.

Several research firms have recently issued reports on MU. They now have a United States dollars 30 price target on the stock.

Other equities analysts have also issued reports about the company.

04/04/2017 - Micron Technology, Inc. had its "sector perform" rating reiterated by analysts at Pacific Crest. TheStreet upgraded Micron Technology from a c rating to a b- rating in a research note on Thursday, March 23rd. Credit Suisse Group AG increased their target price on shares of Micron Technology from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, March 22nd. Micron Technology, Inc. (NASDAQ:MU)'s minimum price target estimates has been figured out at $27.00 while the maximum price target forecast is established at $60.00, if we look at the price target with an optimistic approach it has upside potential of 118% from its latest closing price of $27.48. (NASDAQ:MU)'s price target was revised on 04/17/17 and according to 27s analysts stock's price will reach at $38.56 during 52 weeks with standard deviation of 4.64. They now have a Dollars 35 price target on the stock.

Micron Technology, Inc. (NASDAQ:MU) has risen 25.36% since January and is down -5.34% for the past week. Micron Technology, Inc. The company's 50-day moving average is $27.94 and its 200-day moving average is $23.70.

Commerce Bank boosted its position in Micron Technology, Inc. The stock has a market capitalization of $30.78 billion, a PE ratio of 43.33 and a beta of 1.93.

Among 36 analysts covering Micron Technology Inc. In server cases if a company maintains a 10% or more EPS growth rate that may be a good target for investors. Macquarie began coverage on Micron Technology in a report on Thursday, March 30th. Micron Technology had a positive return on equity of 0.81% and a negative net margin of 2.32%. During the same quarter in the prior year, the firm posted $0.01 earnings per share.

While considering growth estimates of the company, it has next quarter growth estimates of 3180% whereas during current quarter it has 1975% estimations over growth, comparing to the estimations of 7033.3% during current year and 19.9% for next year. Micron Technology Inc now has $31.32B valuation. "(MU) Earns "Positive" Rating from Susquehanna Bancshares Inc" was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & global trademark & copyright legislation. The original version of this piece can be accessed at https://baseballnewssource.com/markets/micron-technology-inc-mu-stake-raised-by-commerce-bank/798782.html.

In other news, VP Brian Shirley sold 88,000 shares of the business's stock in a transaction dated Tuesday, March 28th.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 28.13%, and has a solid year to date (YTD) performance of 25.36% which means the stock is constantly adding to its value from the previous fiscal year end price. Following the sale, the vice president now owns 376,292 shares in the company, valued at $10,788,291.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP April S. Arnzen sold 1,000 shares of the company's stock in a transaction on Monday, May 1st. The shares were sold at an average price of $27.66, for a total transaction of $753,513.72. The hedge fund run by Gifford Combs held 1.02 million shares of the technology company at the end of 2016Q4, valued at $22.41 million, down from 1.42 million at the end of the previous reported quarter. The disclosure for this sale can be found here. The Palouse Capital Management Inc holds 452,881 shares with $5.49 million value, down from 491,251 last quarter.

Currently Micron Technology (NASDAQ:MU)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 84.3%.

Palouse Capital Management Inc decreased Ford Mtr Co Del (F) stake by 7.81% reported in 2016Q4 SEC filing. Norges Bank purchased a new position in Micron Technology during the fourth quarter valued at approximately $217,749,000. Acadian Asset Management LLC now owns 12,545 shares of the semiconductor manufacturer's stock valued at $223,000 after buying an additional 4,203 shares in the last quarter. First Personal Financial Services increased its position in shares of Micron Technology by 96.8% in the first quarter. Sumitomo Life Insurance Co. now owns 121,430 shares of the semiconductor manufacturer's stock valued at $2,159,000 after buying an additional 67,037 shares in the last quarter. Past 5 years growth of Micron Technology (NASDAQ:MU) observed at 24.42%, looking forward for the next 5 years it has a strong prediction of 1% over growth.

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