Micron Technology Inc (NASDAQ: MU) is 24.00% higher on its value in year-to-date trading and has touched a low of $79.15 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 $106.79 in the last trading session, with the day’s loss setting it -2.43%.
Currently trading at $104.36, the stock is 8.80% and 7.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.83 million and changing -2.28% at the moment leaves the stock -3.08% off its SMA200. MU registered 27.85% gain for a year compared to 6-month loss of -3.36%.
The stock witnessed a -1.31% gain in the last 1 month and extending the period to 3 months gives it a 5.22%, and is 10.93% 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 4.47% over the week and 4.02% over the month.
Micron Technology Inc (MU) has around 48000 employees, a market worth around $116.27B and $29.09B in sales. Current P/E ratio is 30.14 and Fwd P/E is 9.44. Profit margin for the company is 13.34%. Distance from 52-week low is 31.85% and -33.75% from its 52-week high. The company has generated returns on investments over the last 12 months (6.40%).
The EPS is expected to grow by 440.62% this year
The shares outstanding are 1.11B, and float is at 1.11B with Short Float at 3.45%.
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 MEHROTRA SANJAY, the company’s President and CEO. SEC filings show that MEHROTRA SANJAY sold 6,576 shares of the company’s common stock on Feb 18 ’25 at a price of $105.29 per share for a total of $0.69 million. Following the sale, the insider now owns 0.58 million shares.
Micron Technology Inc disclosed in a document filed with the SEC on Feb 14 ’25 that MEHROTRA SANJAY (President and CEO) sold a total of 924 shares of the company’s common stock. The trade occurred on Feb 14 ’25 and was made at $100.24 per share for $92622.0. Following the transaction, the insider now directly holds 0.59 million shares of the MU stock.
Still, SEC filings show that on Feb 14 ’25, Deboer Scott J (EVP, CTO and Products Officer) disposed off 23,047 shares at an average price of $100.00 for $2.3 million. The insider now directly holds 208,666 shares of Micron Technology Inc (MU).
