Susquehanna Bancshares Inc Reiterates Positive Rating for Micron Technology, Inc. (MU)
- Author: Zachary Reyes Mar 30, 2017,
Mar 30, 2017, 18:10
Baird upped their price target on shares of Micron Technology from $35.00 to $40.00 and gave the stock an outperform rating in a research note on Friday, March 24th. Susquehanna Bancshares Inc's price objective would indicate a potential upside of 21.99% from the stock's previous close.
Other equities research analysts have also recently issued reports about the company. Finally, Cowen and Company reaffirmed an outperform rating and set a $34.00 price target on shares of Micron Technology in a research note on Wednesday, March 22nd. Out of 27 brokerage recommendations, 8 gave a Strong Buy, 17 issued a Buy, 2 issued Hold, 0 rated Under-perform and 0 issued a Sell. According to the research note, Needham Raises the price target to $42 per share from a prior target of $33. The stock was last seen 1.16% higher, reaching at $28.76 on March 27, 2017. The company presently has an average rating of Buy and a consensus price target of $28.55. For the most recent period which ended on 2017-02-28, Micron Technology, Inc.'s EPS was reported as $0.77. The company's market cap is $31.42 Billion. Micron Technology has a 12-month low of $9.35 and a 12-month high of $29.87. The firm shows a 20-Day Simple Moving Average of 11.20% with a 200-Day Simple Moving Average of 53.08%.
Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Thursday, March 23rd.
Looking forward, the company is expected to report earnings of $1.43 per share for the current quarter. Micron Technology had a negative net margin of 2.32% and a positive return on equity of 0.81%. The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.65 billion. For the most recent quarter, quick ratio was 1.3, current ratio was 1.9, LT Debt/Equity ratio was 0.79 and Total Debt/Equity ratio was 0.87.
General Electric Company (NYSE:GE)'s earnings per share has been growing at a -4.1 percent rate over the past 5 year when average revenue increase was noted as -3.3 percent.
"TRADEMARK VIOLATION NOTICE: "[[title]]" was first published by [[site]] and is the property of of [[site]]. If you are accessing this report on another site, it was stolen and republished in violation of US and worldwide copyright and trademark legislation. The legal version of this piece of content can be accessed at [[permalink]]. In a transaction dated January 06, 2017, the shares were put up for sale at an average price of $22.09, raking in a sum of $2,000,912. Following the transaction, the vice president now owns 421,690 shares in the company, valued at $10,390,441.60. Micron Technology, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that VP Memory Solutions Shirley Brian has sold 27,250 shares of Micron Technology, Inc. Also, VP Scott J. Deboer sold 51,500 shares of the company's stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $23.12, for a total transaction of $630,020.00. The disclosure for this sale can be found here. Insiders sold 243,830 shares of company stock valued at $5,735,572 in the last ninety days. L.P. now owns 482,900 shares of the semiconductor manufacturer's stock worth $10,585,000 after buying an additional 197,100 shares during the last quarter.
Institutional investors have recently added to or reduced their stakes in the stock. Finally, Washington Trust Bank raised its stake in Micron Technology by 3.4% in the third quarter.
Zacks conducted poll stated that Micron Technology, Inc.
Currently, Wall Street is projecting that the firm will post $1.37 earnings per share. Rothschild Investment Corp IL raised its stake in Micron Technology by 1.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Micron Technology by 2,433.5% in the third quarter.