Notable Movers Micron Technology, Inc. (NASDAQ:MU), Coach Inc (NYSE:COH)
- Author: Zachary Reyes Feb 16, 2017,
Feb 16, 2017, 3:06
Micron Technology, Inc. (NASDAQ:MU) witnessed a decline in the market cap on Tuesday as its shares dropped 3.26% or 0.78 points. (NASDAQ:MU) from a buy rating to a strong-buy rating in a research note issued to investors on Monday. Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market.
A number of other equities research analysts have also recently commented on the company. Dimensional Fund Advisors LP now owns 13,888,475 shares of the semiconductor manufacturer's stock worth $304,475,000 after buying an additional 105,111 shares in the last quarter. Dowling & Yahnke LLC boosted its position in shares of Micron Technology by 34.1% in the second quarter. Beta value of the stock is marked at 1.89. Honkamp Krueger Financial Services Inc. Perkins Capital Management Inc. bought a new position in shares of Micron Technology during the second quarter worth approximately $203,000. Finally, Peregrine Asset Advisers Inc. raised its stake in Micron Technology by 1,708.5% in the fourth quarter. Inc. now owns 15,249,832 shares of the semiconductor manufacturer's stock worth $209,838,000 after buying an additional 629,193 shares in the last quarter. Micron Technology has a one year low of $9.35 and a one year high of $25.31.
Micron Technology, Inc. (NASDAQ:MU) stock ended Friday session in the red zone in a volatile trading. 16,876,390 shares of the company's stock traded hands. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 1.75% where SMA50 and SMA200 are 8.26% and 43.45% respectively.
Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, December 21st. The company beat the analyst EPS Estimate with the difference of $0.04. Micron Technology had a positive return on equity of 0.81% and a negative net margin of 2.32%. The business had revenue of $3.97 billion for the quarter. (NYSE:BAX) for the next year 5 years is 14.03 percent (per annum), as compared to -18.64 percent (per annum) in the past 5 years. On average, equities analysts anticipate that Micron Technology, Inc. will post $2.47 earnings per share for the current year.
Shares of Micron Technology, Inc. "(MU)" was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark law. The original version of this news story can be accessed at https://www.com-unik.info/2017/02/14/micron-technology-inc-mu-upgraded-to-strong-buy-by-vetr-inc-2.html. (NASDAQ:MU) reported $-0.05 EPS. Nomura reaffirmed a "buy" rating and set a $23.00 price objective on shares of Micron Technology in a research report on Friday, November 18th. Finally, Bank of America Corporation raised shares of Micron Technology from an "underperform" rating to a "buy" rating in a report on Thursday, February 9th.
1 analysts rated the stock of Baxter International Inc. Micron Technology presently has a consensus rating of "Buy" and a consensus target price of $22.95. Meanwhile, VP Memory Solutions Shirley Brian sold 90,580 shares worth $2000000.91, through a transaction dated 2017-01-06. Given that its average daily volume over the 30 days has been 26.06 million shares a day, this signifies a pretty significant change over the norm. Total debt to equity ratio of the company for most recent quarter is 0.79 while Long term debt to equity ratio for same time period is 0.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
In other news, VP Steven L. Thorsen, Jr. sold 63,000 shares of the stock in a transaction on Tuesday, October 25th. The analysts, on average, are forecasting a $29.17 price target, but the stock is already up 147.27% from its recent lows.