Micron Technology Inc (NASDAQ: MU) is 20.87% higher on its value in year-to-date trading and has touched a low of $83.54 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 $103.11 in the last trading session, with the day’s loss setting it -1.39%.
Currently trading at $101.72, the stock is 6.58% and 5.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.96 million and changing -1.35% at the moment leaves the stock -3.05% off its SMA200. MU registered 11.25% gain for a year compared to 6-month gain of 11.51%. The firm has a 50-day simple moving average (SMA 50) of $96.5186 and a 200-day simple moving average (SMA200) of $104.91865.
The stock witnessed a 2.21% loss in the last 1 month and extending the period to 3 months gives it a 3.54%, and is 14.23% 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 4.02% over the week and 5.12% over the month.
Micron Technology Inc (MU) has around 48000 employees, a market worth around $113.33B and $29.09B in sales. Current P/E ratio is 29.38 and Fwd P/E is 9.19. Profit margin for the company is 13.34%. Distance from 52-week low is 21.76% and -35.43% from its 52-week high. The company has generated returns on investments over the last 12 months (6.40%).
with sales reaching $7.92B over the same period.The EPS is expected to grow by 432.03% this year, but quarterly earnings will post 39.08% year-over-year. Quarterly sales are estimated to grow 35.97% in year-over-year returns.
Micron Technology Inc (MU) Top Institutional Holders
2401.0 institutions hold shares in Micron Technology Inc (MU), with institutional investors hold 83.45% of the company’s shares. The shares outstanding are 1.11B, and float is at 1.11B with Short Float at 2.88%. Institutions hold 83.22% 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 RAY MICHAEL CHARLES, the company’s SVP, Chief Legal Officer. SEC filings show that RAY MICHAEL CHARLES sold 6,525 shares of the company’s common stock on Mar 14 ’25 at a price of $100.00 per share for a total of $0.65 million. Following the sale, the insider now owns 92437.0 shares.
Still, SEC filings show that on Mar 03 ’25, McCarthy Mary Pat (Director) disposed off 2,404 shares at an average price of $92.93 for $0.22 million. The insider now directly holds 27,358 shares of Micron Technology Inc (MU).
