Micron Technology Inc (NASDAQ: MU) is 16.44% 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 $95.45 in the last trading session, with the day’s gains setting it 2.55%.
Currently trading at $98.00, the stock is 18.75% and 16.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.59 million and changing 2.67% at the moment leaves the stock 3.19% off its SMA200. MU registered -21.48% loss for a year compared to 6-month loss of -5.86%.
The stock witnessed a 41.35% gain in the last 1 month and extending the period to 3 months gives it a -1.53%, and is 14.14% 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 3.51% over the week and 3.62% over the month.
Micron Technology Inc (MU) has around 48000 employees, a market worth around $109.52B and $31.32B in sales. Current P/E ratio is 23.56 and Fwd P/E is 8.89. Profit margin for the company is 14.92%. Distance from 52-week low is 59.25% and -37.79% from its 52-week high. The company has generated returns on investments over the last 12 months (7.41%).
The EPS is expected to grow by 439.42% this year.
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
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Micron Technology Inc disclosed in a document filed with the SEC on May 02 ’25 that McCarthy Mary Pat (Director) sold a total of 2,404 shares of the company’s common stock. The trade occurred on May 02 ’25 and was made at $80.00 per share for $0.19 million. Following the transaction, the insider now directly holds 24954.0 shares of the MU stock.
Still, SEC filings show that on Mar 25 ’25, ARNZEN APRIL S (EVP and Chief People Officer) disposed off 15,000 shares at an average price of $96.18 for $1.44 million. The insider now directly holds 164,769 shares of Micron Technology Inc (MU).
