Micron Technology Inc. (NASDAQ: MU) is 17.54% higher on its value in year-to-date trading and has touched a low of $63.88 and a high of $157.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MU stock was last observed hovering at around $103.71 in the last trading session, with the day’s loss setting it -3.4%.
Currently trading at $100.31, the stock is 8.81% and 2.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 33.75 million and changing -3.28% at the moment leaves the stock -5.17% off its SMA200. MU registered 47.45% gain for a year compared to 6-month loss of -18.28%. The firm has a 50-day simple moving average (SMA 50) of $97.4824 and a 200-day simple moving average (SMA200) of $105.884.
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The stock witnessed a 4.23% gain in the last 1 month and extending the period to 3 months gives it a -24.35%, and is 6.71% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.51% over the week and 3.81% over the month.
Micron Technology Inc. (MU) has around 43000 employees, a market worth around $111.23B and $25.11B in sales. Current P/E ratio is 148.45 and Fwd P/E is 7.94. Profit margin for the company is 3.10%. Distance from 52-week low is 57.04% and -36.33% from its 52-week high. The company has generated returns on investments over the last 12 months (1.33%).
with sales reaching $8.7B over the same period.The EPS is expected to grow by 591.61% this year, but quarterly earnings will post 52.20% year-over-year.
Micron Technology Inc. (MU) Top Institutional Holders
2450.0 institutions hold shares in Micron Technology Inc. (MU), with institutional investors hold 83.51% of the company’s shares. The shares outstanding are 1.11B, and float is at 1.10B with Short Float at 3.35%. Institutions hold 83.29% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 97.69 million shares valued at $12.85 billion. The investor’s holdings represent 8.8246% of the MU Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 91.82 million shares valued at $12.08 billion to account for 8.2943 of the shares outstanding. The other top investors are FMR LLC which holds 47.1 million shares representing 4.2545% and valued at over $6.19 billion, while STATE STREET CORP holds 4.2269 of the shares totaling 46.79 million with a market value of $6.15 billion.
Micron Technology Inc. (MU) Insider Activity
The most recent transaction is an insider sale by ARNZEN APRIL S, the company’s EVP and Chief People Officer. SEC filings show that ARNZEN APRIL S sold 4,890 shares of the company’s common stock on Sep 26 ’24 at a price of $113.00 per share for a total of $0.55 million. Following the sale, the insider now owns 0.14 million shares.
Still, SEC filings show that on Jun 27 ’24, ARNZEN APRIL S (EVP and Chief People Officer) disposed off 4,890 shares at an average price of $135.86 for $0.66 million. The insider now directly holds 142,321 shares of Micron Technology Inc. (MU).
