Micron Technology Inc (NASDAQ: MU) is 15.17% higher on its value in year-to-date trading and has touched a low of $61.54 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 $92.29 in the last trading session, with the day’s gains setting it 4.64%.
Currently trading at $96.93, the stock is 23.41% and 15.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.92 million and changing 5.03% at the moment leaves the stock 1.90% off its SMA200. MU registered -17.72% loss for a year compared to 6-month loss of -14.53%.
The stock witnessed a 39.37% gain in the last 1 month and extending the period to 3 months gives it a 3.03%, and is 20.39% 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 3.27% over the week and 3.87% over the month.
Micron Technology Inc (MU) has around 48000 employees, a market worth around $108.33B and $31.32B in sales. Current P/E ratio is 23.30 and Fwd P/E is 8.80. Profit margin for the company is 14.92%. Distance from 52-week low is 57.51% and -38.47% from its 52-week high. The company has generated returns on investments over the last 12 months (7.41%).
with sales reaching $8.83B over the same period.The EPS is expected to grow by 439.42% this year, but quarterly earnings will post 41.26% year-over-year. Quarterly sales are estimated to grow 29.60% in year-over-year returns.
Micron Technology Inc (MU) Top Institutional Holders
The shares outstanding are 1.12B, and float is at 1.11B with Short Float at 2.59%.
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 McCarthy Mary Pat, the company’s Director. SEC filings show that McCarthy Mary Pat sold 2,404 shares of the company’s common stock on May 02 ’25 at a price of $80.00 per share for a total of $0.19 million. Following the sale, the insider now owns 24954.0 shares.
Micron Technology Inc disclosed in a document filed with the SEC on Mar 25 ’25 that ARNZEN APRIL S (EVP and Chief People Officer) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Mar 25 ’25 and was made at $96.18 per share for $1.44 million. Following the transaction, the insider now directly holds 0.16 million shares of the MU stock.
Still, SEC filings show that on Mar 25 ’25, ARNZEN APRIL S (Officer) Proposed Sale 15,000 shares at an average price of $96.13 for $1.44 million. The insider now directly holds shares of Micron Technology Inc (MU).
